Coinbase, the San Francisco based cryptocurrency exchange announced in a blog today that it has now “temporarily” listed Celo under the CGLD ticker symbol, which is also available on the iOS and Android apps of the exchange.
Celo (CGLD) is launching at https://t.co/u9kzBrgZWx and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store CGLD. We will update when CGLD is fully live. https://t.co/HAhtYPbgb3
— Coinbase (@coinbase) September 3, 2020
The listing comes after CGLD was listed for trading on Coinbase Pro last week which saw CELO go up over 50% in less than one day after Coinbase Pro listed it. Additionally, Celo (CGLD) reached an all-time high of around $4 on 27 August.
Image Source: Trading View
Additionally, with 124.4 million CGLD in circulation, and a market cap of $540 million, the coin is available to customers across all Coinbase-supported regions. The announcement further stated:
This [listing CELO] is temporary and does not affect the asset or participation in on-chain governance activities such as voting. You will be able to send and receive CELO or CGLD, as they are the same asset.
The cryptocurrency is a native token for the Celo platform which according to Coinbase is designed to make it easy for smartphone users to send, receive, and store stablecoins running on Celo without needing a crypto wallet.
The announcement further emphasized that CELO was one of the many new digital assets that the exchange had included in a list of exploratory assets, published last fall.