The native token of an Ethereum (ETH)-based decentralized trade (DEX) is on the rise after being listed on the highest US crypto trade by buying and selling quantity.
Coinbase listed CoW Protocol (COW) for buying and selling on Tuesday and the token soared from $0.28 to $0.32, a achieve of greater than 14% whereas many of the markets are down.
“Buying and selling will start on or after 9 a.m. PT on September twenty fourth, 2024, if liquidity situations are met. As soon as ample provide of this asset is established buying and selling on our COW-USD buying and selling pair will launch in phases. Assist for COW could also be restricted in some supported jurisdictions.”
COW is buying and selling for $0.31 at time of writing.
The undertaking says in a tweet that the Coinbase itemizing will profit the ecosystem in various methods.
“CoW DAO’s (decentralized autonomous group) mission is to make DeFi (decentralized finance) secure and seamless FOR ALL.
The Coinbase itemizing helps by:
- Making COW extra accessible.
- Growing liquidity and decreasing worth influence.
- Introducing CoW DAO merchandise to new customers not but acquainted with MEV (maximal extractable worth), intents or liquidity aggregation.
In sum, becoming a member of Coinbase allows CoW DAO to do extra and go additional with user-protective merchandise like CoW Swap, CoW AMM ( automated market maker) and MEV Blocker.”
In keeping with its website, CoW Protocol “is a completely permissionless buying and selling protocol that leverages batch auctions as its worth discovering mechanism.”
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