A decentralized real estate trading platform on the Solana blockchain, Parcl (PARCL), is making waves in the cryptocurrency world after being added to Coinbase’s listing roadmap. This announcement has caused a significant price surge of almost 50% in just 24 hours.
Coinbase Assets, a division of the popular cryptocurrency exchange Coinbase, recently revealed that Parcl would be included in its listing roadmap. This move is aimed at increasing transparency and preventing insider trading, as it indicates that the asset is likely to be available for trading on the platform in the near future.
Parcl offers users the ability to trade and invest in real estate using synthetic assets, which are digital representations of real-world assets like stocks, securities, and property. By leveraging blockchain technology, Parcl allows users to access global city indexes and acquire tokens that represent a stake in a specific index.
According to Parcl, users can trade city indexes that represent the aggregate value of real estate in a particular city. This unique approach allows investors to gain exposure to an entire city’s real estate market without having to buy individual properties.
Some of the cities available for trading on Parcl include New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago, Dubai, and many more. At the time of writing, the price of Parcl stands at $0.516, showing a slight decrease of over 5% for the day.
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As the popularity of decentralized finance continues to grow, platforms like Parcl are providing innovative solutions for real estate investment. With the support of Coinbase’s listing roadmap, Parcl is poised to attract more investors and expand its reach in the decentralized trading space.