Parcl, the decentralized real estate trading platform built on the Solana smart contract platform, showed a significant rise with Coinbase entering the listing roadmap.
Coinbase Listing
Coinbase Assets announced in a statement on the social media platform X that it added the decentralized exchange Parcl (PARCL) to its road map. This announcement led to a nearly 50% increase in Parcl’s value.
Parcl allows users to invest in real estate through synthetic assets without owning actual ownership. Synthetic assets are blockchain-based representations of real-world assets such as stocks, securities, and real estate.
Market Response
Parcl offers global city indices to its users, making it possible to have a share in a particular index. It is currently trading in many cities including New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago and Dubai.
Coinbase uses the listing roadmap to provide transparency and prevent insider trading on pre-listed coins. Placing an asset on this roadmap means that the firm has determined the likelihood that that asset will be available for trading in the future.
Parcl is currently trading at $0.516 on the market and is down over 5% on the day.
The inclusion of decentralized platforms such as Parcl in the listing roadmap points to the growth of the digital real estate market. Thanks to synthetic assets, users can invest in real estate markets in various cities in a more accessible way. In the future, such platforms are expected to be adopted by more exchanges.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
