Cryptocurrency exchanges significantly influence altcoin prices through their listing announcements, particularly those by major platforms like Binance and Coinbase. Recently, Coinbase, the largest exchange by volume in the U.S., announced a new listing that is expected to have notable effects.
Coinbase has revealed that Ondo Finance (ONDO) will be available for trading on its platform. Investors can transfer their tokens to Coinbase only via the Ethereum network, and once liquidity conditions are met, ONDO will be open for trading in the coming hours. The immediacy of the listing suggests potential continued price increases for the token.
Following the announcement, ONDO’s price saw a significant surge. However, investors should be cautious of potential drops due to volume sales during the listing or a negative market sentiment overall. Currently, ONDO Coin is not listed on Binance or many other exchanges, and it has only been a few weeks since it was listed on some popular exchanges.