Coinbase to List PancakeSwap ($CAKE): Will This Trigger a Bullish Price Surge?

The post Coinbase to List PancakeSwap ($CAKE): Will This Trigger a Bullish Price Surge? appeared first on Coinpedia Fintech News

Coinbase Global Inc. (NASDAQ: COIN) announced plans to list PancakeSwap ($CAKE) in the near future. The cryptocurrency exchange added the ERC-20 version for CAKE in the roadmap for listing and highlighted that its trading will be opened once the set pre-listing conditions are fulfilled.

The imminent listing of CAKE on Coinbase follows a notable regulatory clarity of the Binance ecosystem in the United States. As Coinpedia reported, the U.S. SEC recently dropped the long-standing case against Binance and its top executives.

Most importantly, the PancakeSwap platform has recorded significant growth in the recent past, whereby it continues to dominate the DEX volume of BSC. In May, PancakeSwap posted a net traded volume of about $165.3 billion out of the total DEX volume on the BNB ecosystem of about $178.2 billion.

Assets added to the roadmap today: PancakeSwap (CAKE)https://t.co/rRB9d3hSr2