Coinbase Pro announced support for Celo (CELO), and the token jumped 55%. CELO reached $4.45 before retreating to $4, breaking past its previous all-time high above $2.70. This move far outpaces the p
Coinbase Pro announced support for Celo (CELO), and the token jumped 55%. CELO reached $4.45 before retreating to $4, breaking past its previous all-time high above $2.70. This move far outpaces the price shifts that followed prior Coinbase listings.
The exchange will accept CELO deposits starting August 31, with trading available to users in supported regions from September 1. Coinbase will support four trading pairs: CELO-USD, CELO-BTC, CELO-EUR, and CELO-GBP.
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The rollout follows Coinbase's standard phased launch. The exchange begins with deposit-only, then progresses through post-only, limit-only, and full trading phases. Coinbase can extend any phase or halt trading if conditions deteriorate, per its rules.
The surge contradicts research CoinMetrics published in June. The firm analyzed prior Coinbase listings and found traders moved prices between -1% and 14% against bitcoin, the dollar, and ethereum, measured from 10 days before through 10 days after each announcement. CELO's 50%+ gain far exceeds this range.
Other coins Coinbase listed in August have also beaten the historical average. Numeraire (NMR) jumped 150% after its announcement earlier this month. Band Protocol (BAND) climbed 250% in the same span.
Coinbase added Compound (COMP), Maker (MKR), and OmiseGo (OMG) to its platform as it expands available assets.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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