Coinbase has introduced the itemizing of Parcl, a Solana-based decentralized actual property buying and selling platform.
The cypto alternate will checklist Parcl (PRCL) token on December 17, beginning on or after 9:00 AM Pacific Time, topic to liquidity situations.
Coinbase plans so as to add the PRCL-USD buying and selling pair as soon as there may be ample provide. In line with the U.S.-based crypto alternate, PRCL transfers shall be obtainable on each Coinbase and Coinbase Alternate. Nonetheless, the rollout shall be phased, with availability restricted in sure jurisdictions.
What’s Parcl?
Parcl is a decentralized actual property platform that gives entry to metropolis indexes, together with main locations like New York, San Francisco, and London.
The mission allows liquid actual property funding, permitting customers to commerce with as much as 50x leverage. On Parcl, traders can speculate on or hedge actual property worth actions. These belongings are represented by index costs that replicate the typical worth per sq. foot or meter of actual property in a given space.
Other than this, Parcl is a member of the RWA Council that appears to speed up real-world belongings on Solana (SOL). Different members embody AgriDex, Baxus and Collector Crypt.
PRCL worth
Parcl’s token technology occasion led to April 2024, with 800 million PRCL distributed after the April 8 snapshot.
Coinbase added PRCL to its itemizing roadmap on Dec. 14, with this coinciding with a worth surge for the token. The token reached a multi-month excessive above $0.60 earlier than retreating because the broader market mirrored Bitcoin’s dip from its earlier all-time excessive.
Previously 24 hours, Parcl worth has soared by greater than 13% to retest the eight-month excessive. If bulls take the initiative, the token’s worth might intention for the April 22, 2024 all-time excessive of $0.73.
