The American cryptocurrency exchange Coinbase will soon begin trading DOT, the native token for Polkadot. A blog post reported that inbound transfers have already begun, and trading would kick off on June 16.
DOT has since risen by more than 16%, thanks to what is commonly called the “Coinbase effect.” In a report from Messari, an analysis outlet, the average returns five days after a token listing on Coinbase is 91%.
This is far higher than a listing on competitor exchanges like Binance, Kraken, FTX, Gemini, and Okex, reports Messari.
Polkadot is a “multi-chain” platform that is looking to bring together siloed networks. Bitcoin and Ethereum, for example, cannot interact with one another because they are built using different technologies. This lack of interoperability is common throughout the crypto sector.
Built by Ethereum co-founder Gavin Wood, Polkadot is just one project hoping to address this. Thorchain and Solana are also competing in this market.
Wood’s t
Źródło: https://decrypt.co/73636/coinbase-listing-parachain-progress-boost-polkadot
