Parcl Gains Momentum with Coinbase Listing Announcement

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The decentralized real estate trading platform Parcl, built on the Solana smart contract platform, has experienced significant growth following its inclusion in Coinbase‘s listing roadmap.

Coinbase Listing Announcement

Coinbase Assets announced via the social media platform X that it has added the decentralized exchange Parcl (PARCL) to its roadmap. This announcement resulted in a nearly 50% increase in Parcl’s value.

Parcl allows users to invest in real estate through synthetic assets without actual ownership. Synthetic assets are blockchain-based representations of real-world assets, including stocks, securities, and real estate.

Market Response

Parcl offers users global city indices, enabling them to own shares in specific indices. It is currently active in several cities, including New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago, and Dubai.

Coinbase uses its listing roadmap to ensure transparency and prevent insider trading on coins before they are listed. Inclusion in this roadmap indicates that the company believes a particular asset will likely be available for trading in the future.

Parcl is currently trading at approximately $0.516, experiencing a daily decline of over 5%. The inclusion of decentralized platforms like Parcl in the listing roadmap signals growth in the digital real estate market.

Users can more easily invest in real estate markets across various cities through synthetic assets. It is anticipated that such platforms will gain further adoption by more exchanges in the future.

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