Rally token rally ahead of Coinbase Nasdaq listing for next week

Rally token rally ahead of Coinbase Nasdaq listing for next week

Centralized cryptocurrency exchanges (CEX) have received increasing attention in recent months, as Coinbase’s NASDAQ listing on April 14 and the exchange’s recent announcement that it will do so caused a stir achieved sales of $ 1.8 billion in the first quarter of 2021.

Even if decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity in separate blockchain networks mean that many crypto traders stick with CEXs to keep trading costs down lower the feeling of security they offer.

KCS / USDT vs. BNB / USDT vs. WRX / USDT 1-day chart. Source: TradingViewBNB / USDT 4-hour chart. Source: TradingViewTotal value blocked for PancakeSwap. Source: Defi LlamaKCS / USDT 4 hour chart. Source: TradingViewVORTECS ™ Score (green) vs. KCS price. Source: Cointelegraph Markets ProFTT / USDT 4 hour chart. Source: TradingViewWRX / USDT 4 hour chart. Source: TradingView

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