![]() The prices have gone up by 1000 times in two short months and there’s no end in sight. Coinbase Pro: 11,021 USD: OKX: 11,063 USD: FTX: 11,030 USD: There are total of 84 exchanges where you can trade yearn.finance. This way, the surprise listing shocked the traders and YFI as well since it skyrocketed by 15%. Get live crypto exchange rates, historical prices & charts for yearn.finance to US Dollar with CoinCodexs free cryptocurrency converter. The exchange mentioned as well that a few obscure tokens such as the Graph or Helium should be listed but they never said they will consider listing yearn.finance’s YFI token. Most of them were well-established crypto projects such as Band, Balancer, Blockstack, Kava, and Curve. Coinbase initially announced that it was exploring a range of DeFi assets for listing consideration. However, it does come as a surprise that YFI will be listed at all. ![]() The effect is so profound that it even has a name among the traders, known as the “coinbase effect.” Listing on Coinbase Pro will make the token available to hundreds of US retail buyers that are expected to boost the demand for YFI. Coinbase has credibility when choosing reputable projects that are soon to be listed on the exchange. The sudden increase in price is not unexpected. Responding to today’s listing news, the token increase another 15% to $33,721 and this is for the cryptocurrency that Andre Cronje, its founder, said to be completely valueless. Since then, yEarn Finance saw a huge rise and is now trading at more than $30,000. The YFI governance token debuted with a price of $31.65 after the launch in July. these features are responsible for leading the asset to new highs every day. The project reduced ETH transaction and gas fees by pooling fees from many users. Instead of lipping between different DeFi protocols, Yearn.finanace allocated the user funds to platforms that have the highest returns. The project was the first to try and aggregate yields. Coinbase will list YFI on Coinbase Pro trading which is the next event that will boost the price of the coin even further.įrom the start, iEarn Finance in February of this year, known as yEarn Finance, took the world of Defi by storm. The token increased by 15% immediately after the announcement and gained over $4000 within a few minutes. Coinbase will list YFI, the yearn.finance native token on the Pro exchange starting September 15 around 4:00 as we are reading in today’s coinbase news.
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