Crypto exchange giant Coinbase announces plans to list PancakeSwap as BNB Chain's decentralized exchange (DEX) explodes to an unprecedented $173 billion in monthly trading volume.
Revamped Daily Hodl Article
Let's dive into some tasty morsels from the crypto realm! Today, we've got a delicious scoop on PancakeSwap's native token, CAKE, joining Coinbase's listings!
Say hello to CAKE on Coinbase!
Got a hankering for some PancakeSwap action? Well, you're in luck, my friend! Coinbase just added this yummy treat to their roster, opening the gates for you to trade CAKE with ease. So, grab your aprons, folks! It's time to enjoy that seamless swapping on the world's premier US cryptocurrency exchange.
Let the games begin!
Coinbase, the crypto heavyweight, has officially set the table for trading PancakeSwap's native asset, CAKE. If you've been craving for a slice of PancakeSwap's OG decentralized exchange action, now's your chance! Starting June 12, you'll be able to play with CAKE-USD pairs on both the mobile app and Coinbase Exchange - for eligible jurisdictions, of course! Hurry up, grab a fork, and dig in!
The king of the DEX hill!
PancakeSwap's been cookin' up some crazy-good numbers lately, outshining Uniswap in the DEX game. In just the last 30 days, it's raked in an impressive $228 billion in trading volume[1]! Yowza! That's not all; its May performance set a new monthly record with a whopping $173 billion in volume[1]. It appears that PancakeSwap just keeps on rising, leading the dance while the other exchanges nibble at its heels.
Trying to catch a falling CAKE?
With Coinbase's announcement sparking a brief 6% spike, CAKE's price reached $2.49 on June 11[2]. But hey, the market's a wild beast sometimes, and CAKE's no exception. Its value's been bouncing around like a ping-pong ball, bobbing up and down according to market dynamics and crypto-whispers. So, if you're thinking about joining the CAKE party, keep an eye on current market trends!
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Covered topics:
- Bitcoin
- Ethereum
- Trading
- Altcoins
- Futuremash
- Financeflux
- Blockchain
- Regulators
- Scams & Hacks
- As Coinbase adds PancakeSwap's native token, CAKE, to its platform, the world of cryptocurrency and blockchain technology is opening up opportunities for seamless trading of altcoins like CAKE.
- The surge in popularity of decentralized finance (DeFi) platforms, such as PancakeSwap, has been evident lately, with PancakeSwap outperforming Uniswap in trading volume, demonstrating the potential for future growth in the cryptocurrency market.
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