CELO Goes Live On Coinbase One Week After Coinbase Pro

The exchange said it now allows users to buy, sell, convert, send, receive, and store Celo through Coinbase.com as well as its mobile applications. The token trades under the ticker CGLD on Coinbase, though this temporary designation doesn't affect the underlying asset or how holders participate in Celo's on-chain governance and voting. Users can send and receive Celo using either the CGLD or CELO ticker, since they represent the same asset.

Coinbase Pro had listed Celo a week before this announcement. The token has now reached all-time highs twice in seven days, each time following one of these Coinbase listings.

The exchange began tracking Celo last fall when it included the token on a list of cryptocurrencies under review for potential listing. Coinbase doesn't explain how it chooses which assets to list, but the company holds both Celo and UMA from a 2018 investment round. UMA is scheduled to arrive on Coinbase Pro on September 8, which some observers view as a signal that Coinbase may prioritize assets from companies it invested in.

After the initial spike, Celo dipped below $4.00 before traders pushed it back to $4.28. Against the dollar, the token was up 13 percent. Against bitcoin, it gained 24 percent.