Coinbase’s New Listing Announcement Sparks Major Price Increase

Top cryptocurrency exchange Coinbase has announced plans to list Stader (SD) on its platform.

This announcement has significantly boosted Stader’s price and market visibility, showcasing the influence major exchange listings have on digital assets.

Assets added to the roadmap today: Stader (SD)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) July 10, 2024

The announcement from Coinbase has led to a substantial increase in the value of Stader (SD), the primary cryptocurrency of the Stader Labs platform used for governance and transaction payments.

Following the news, Stader’s price more than doubled, peaking at $0.8507 before settling at $0.7159. Despite this slight dip, Stader still saw a remarkable 72.64% increase within 24 hours.

Trading activity for Stader surged, with a 24-hour volume reaching $7.4 million. With a circulating supply of 41 million SD tokens, Stader’s market capitalization now stands at $28.4 million.

This surge in price and trading volume underscores the significant impact Coinbase’s listing announcement has had on Stader’s market performance and investor interest.