It is no longer news that in the crypto-verse, records get broken on a daily basis. Celo has recently become the fastest-growing crypto, gaining more than 50% in less than a day, as it will be listed on the world’s most valuable crypto exchange, in about four days’ time.
Celo’s price at the time this report was drafted, traded at about $4.40 with a 24-hour trading volume of $35 million. CELO price has been up 53.6% in the last 24 hours. It has a circulating supply of 0 coins and a max supply of 1 billion coins.
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Coinbase, leading American crypto exchange, recently announced that from Monday, August 31, it will begin accepting inbound transfers of CELO to Coinbase Pro. Trading will begin on or after 9 am Pacific Time (PT) the following day if liquidity conditions are met.
Once a sufficient supply of CELO is established on the platform, trading on Coinbase will include CELO-USD, CELO-BTC, CELO-EUR, and CELO-GBP. Order books will launch in four phases: transfer-only, post-only, limit-only and full trading.
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What you need to know about Celo
Celo (CELO) is a cryptocurrency that acts as a utility and governance token for the Celo platform. Its platform is designed to make it easy for anyone with a smartphone to send, receive, and store stablecoins running on Celo (for example, the Celo Dollar) without needing a crypto wallet.