NEAR Crypto Token Pumps After Coinbase Adds It to Listing Roadmap

The Near blockchain network’s native token jumped 12% after Coinbase’s announcement.

AccessTimeIconAug 10, 2022 at 4:59 p.m. UTC
Updated Aug 10, 2022 at 5:18 p.m. UTC

Jimmy is a CoinDesk markets reporter.

Near Protocol’s native NEAR token jumped 12% to a high of $5.97 after Coinbase added the token to its listing roadmap, which shows assets the cryptocurrency exchange plans to add.

NEAR is the native token of the Near Protocol, a layer 1 blockchain network that provides a platform for developers to build decentralized applications (dapps). The network is a direct challenger to Ethereum and uses a proof-of-stake (PoS) consensus mechanism.

Near was created to operate faster and cheaper than Ethereum. It achieves its high transaction speed and capacity through a process called “sharding,” which breaks the blockchain into subchains that are operated on by different validators and get regularly connected to each other.

Other assets recently added to Coinbase's roadmap include Celer Network's CELR, an Ethereum ERC-20 token; and Raydium's RAY, an SPL token on the Solana network.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jimmy is a CoinDesk markets reporter.

CoinDesk - Unknown

Jimmy is a CoinDesk markets reporter.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC