Parcl has seen a significant rise after being included on Coinbase’s listing roadmap. This announcement has caused a 50% increase in Parcl’s value. Parcl is a decentralized real estate trading platform built on the Solana smart contract platform, allowing users to invest in real estate with synthetic assets. Coinbase Assets announced on social media platform X that it has added decentralized exchange Parcl (PARCL) to its listing roadmap. This news has caused a significant increase in Parcl’s value.
Parcl allows users to invest in real estate through synthetic assets without owning real property rights. Synthetic assets are blockchain-based representations of real-world assets such as stocks, securities, and real estate. This allows investors to invest in the real estate market without having to purchase physical property. Parcl also gives users access to real estate markets in specific cities by offering the opportunity to invest in global city indices. Currently trading in cities such as New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago, and Dubai.
The listing roadmap is used to ensure transparency and prevent insider trading in coins prior to listing. The inclusion of an asset in this roadmap means that the firm has determined the likelihood of the asset being available for trading in the future. Parcl is currently trading at $0.516 on the market, losing more than 5% on the day. The inclusion of decentralized platforms in the Coinbase listing roadmap demonstrates the growth potential of the digital real estate market. With synthetic assets, investors can invest in real estate markets in different cities around the world in a more accessible way. In the future, such platforms are expected to be adopted by more exchanges.