Coinbase Adds PancakeSwap to Listing Roadmap As the BNB Chain DEX Surges to Record $173,000,000,000 in Monthly Volume

Coinbase has added the native altcoin of the highest decentralized trade (DEX) to its itemizing roadmap.

Coinbase’s clients could quickly have the ability to commerce PancakeSwap (CAKE), the native asset of PancakeSwap, a DEX initially constructed on the BNB Chain.

PancakeSwap has expanded to a number of blockchains and now leads all decentralized exchanges in buying and selling quantity, recording $228.03 billion prior to now 30 days in comparison with Uniswap’s (UNI) $95.706 billion, based on DeFi Llama.

PancakeSwap additionally not too long ago set its monthly record with $173 billion in buying and selling quantity in Could.

The roadmap addition, introduced on Wednesday, has not boosted CAKE’s worth: The 116th-ranked crypto asset is buying and selling at $2.25 at time of writing and is down greater than 7% prior to now 24 hours and almost 11% prior to now seven days.

Being added to Coinbase’s itemizing roadmap implies that the highest US crypto trade is contemplating rolling buying and selling help for the asset within the close to future. The roadmap was established in 2022 to extend transparency and cut back the potential for buyers frontrunning new buying and selling help bulletins.

Coinbase CEO Brian Armstrong has beforehand mentioned the trade goals to listing as many crypto property as doable, so long as they meet the corporate’s requirements.

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