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An interoperability protocol focused on ease of use joins the trading roster of a major US-based cryptocurrency exchange.
In a new post, Coinbase says the Celer Network (CELR) is now live across the platform, including iOS and Android apps.
The Celer Network scaling platform is built on Ethereum (ETH) and designed to enable off-chain transactions in a secure manner.
The project aims to be a “multi-blockchain operating system” that provides one-click user experience in various niches such as decentralized finance (DeFi), non-fungible tokens (NFT), games, and decentralized platform development. . Applications (DApps).
Its native utility token CELR can be used for staking to facilitate the network’s consensus mechanism and pay network fees.
Celer Network (CELR) in action https://t.co/CD3RBjtMAO & Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive, or store this asset. https://t.co/676miKRrfh pic.twitter.com/IMbrZbaGiL
Coinbase Assets (@CoinbaseAssets) August 16, 2022
Last month, Coinbase added Celer Network to its roadmap. It consists of projects considered in the lineup of supported cryptocurrency exchanges. According to Coinbase, a roadmap is how cryptocurrency exchanges communicate with market participants before deciding to list an asset for greater transparency.
Celer Network has witnessed some dramatic price action over the past few weeks, initially rising more than 81% from a low of $0.016 on July 26th to a peak of $0.029 on August 12th. did.
CELR has since fallen 9.41% over the past 24 hours, trading at $0.022 at the time of writing, reflecting the recent overall market correction.
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Featured Image: Shutterstock/tdhster/Andy Chipus
