The price of Maker has surged 30% in less than one hour following news of forthcoming listings on Coinbase Pro.
Listen to article Support for Maker, the token underpinning the leading decentralized finance, or DeFi, protocol MakerDAO, is set to launch on Coinbase Pro on June 8.The U.S.-based cryptocurrency exchange announced the forthcoming listing on May 29, with USD and Bitcoin pairings set to go live in phases.
Coinbase Pro announces Maker pairingsCoinbase Pro will begin accepting MKR deposits on Monday, June 8.
Trading is slated to commence at approximately 9am Pacific Time on June 9, providing the exchange's MKR orderbook garners meaningful liquidity.
"[T]rading on our MKR-USD and MKR-BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met," Coinbase Pro stated.
MKR rallies 30% in one hourMaker currently comprises the largest DeFi project by assets under management, currently representing $486.3 million in locked funds or 54% of the entire DeFi capitalization according to DeFi Pulse.
News of the forthcoming listing triggered a 30% rally in the price of Maker in just one hour, with MKR gaining from roughly $350 to $457 in less than 60 minutes.
Maker is currently up nearly 130% from the depths of its Black Thursday lows.
Maker Rallies 30% in One Hour Amid Upcoming Coinbase Pro Listing
pubblicato su May 29, 2020
by Cointele | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.