Coinbase announced that it has added Stader (SD) to its coin listing plans. This news created a huge stir in the crypto community by showing the potential impact of listings on major exchanges on digital assets. Following Coinbase's announcement, a significant increase in the price and awareness of Stader was observed. This situation once again revealed how exchange listings and valuations of cryptocurrencies are interconnected.
Stader's Price Increase and Market Performance
After Coinbase's announcement, Stader (SD) experienced a significant price increase. The value of the token doubled, rising to $0.8507, then falling to $0.7296. Even at this lower price, Stader is up an impressive 79.46% over the last 24 hours. Additionally, the token showed a price increase of 15.38% on a weekly basis.
The impact of the news continues
Coinbase's announcement triggered increased trading activity for Stader, with 24-hour trading volume for the token reaching $6.6 million. With a circulating supply of 41 million SD tokens, Stader's market cap reaches $30,843,216. These figures reflect the significant impact Coinbase's announcement had on Stader's market performance and investor interest.
Coinbase's broad influence
Coinbase is not limited to token listings in the cryptocurrency space. It recently signed a major $32.5 million digital asset custody and management agreement with the U.S. Marshals Service (USMS). This collaboration is considered an important step in governments' adoption of blockchain technology for asset management and increases trust in digital currencies.
Additionally, Coinbase has been selected to provide an additional custody service for VanEck's HODL Bitcoin ETF. This agreement established certain terms for the ETF issuer to secure its Bitcoin holdings. Coinbase's involvement in such major projects further reinforces the company's reliability and effectiveness in the cryptocurrency ecosystem.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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WHEN WILL THE AWARD COME?
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