Coinbase, the most important cryptocurrency alternate within the US, has introduced that it’s going to assist CELO (CGLD, CELO) community migration.
This determination got here after a lot demand from the Altcoin neighborhood. Coinbase often stops supporting Altcoins when a token migrates to its personal community or leaves the Ethereum Community.
Celo had deliberate to maneuver from its personal Layer 1 blockchain to the Ethereum Layer 2 blockchain. The transition is anticipated to happen on March twenty fifth. Coinbase mentioned that CGLD or CELO transmission and reception can be quickly suspended throughout the transition interval.
The alternate additionally mentioned it will organize an automated migration of CGLD tokens to a brand new Layer 2 community.
Following improvement, CELO costs are pretty restricted. Tokens have misplaced round 1% within the final 24 hours, buying and selling round 97% under the best worth stage ever.
*This isn’t funding recommendation.
