A leading decentralized finance (DeFi) trading altcoin is experiencing a significant surge following its recent listing on the top US-based crypto exchange platform by trading volume.
According to a recent announcement on the social media platform X, Coinbase has decided to include the DeFi token Definitive Finance (EDGE) in its range of digital assets, albeit with an experimental designation. This move has propelled the altcoin to new heights.
By labeling it as experimental, Coinbase indicates that these assets exhibit higher volatility and lower trading volume compared to their other offerings.
The news of EDGE’s addition has caused a rapid increase in its value, with the token jumping from a low of $0.0274 on April 2nd to a peak of $0.1157 shortly after. As of the latest update, the digital asset is trading at $0.086, marking an impressive 180% gain in the last 24 hours.
Definitive Finance aims to replicate the user experience provided by centralized exchanges like Coinbase and Binance, despite operating in a decentralized manner, as stated on its official website.
“Definitive represents the future of decentralized trade execution, offering a CeFi-like experience on DeFi platforms through a fully non-custodial platform and API available on Solana, Base, and other major EVM chains. With Definitive, users of all types can access institutional-grade trade execution across various chains,” the project’s team explains.
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