Coinbase has announced the listing of Parcl, a Solana-based decentralized real estate trading platform. The listing will take place on December 17.
Parcl Platform
Parcl is a decentralized platform offering access to city indexes such as New York, San Francisco, and London. It allows investors to engage in real estate transactions, offering the ability to trade with up to 50x leverage. Parcl assets are represented by index prices reflecting the average price per square foot or meter in a given area. Parcl is also part of the RWA Council striving to advance real-world assets on Solana. Other members include AgriDex, Baxus, and Collector Crypt.
PRCL Listing on Coinbase
Coinbase plans to add the PRCL-USD trading pair once there is sufficient supply. PRCL transfers will be available on both Coinbase and the Coinbase Exchange, although availability will be restricted in certain jurisdictions.
PRCL Price Dynamics
The Parcl token generation event concluded in April 2024, distributing 800 million PRCL after the database snapshot. The token reached a multi-month high above $0.60, but later declined following broader market trends. In the past 24 hours, the Parcl price has surged by over 13%, retesting its eight-month high. If bullish momentum continues, the token's value could approach the all-time high of $0.73 reached on April 22, 2024.
The addition of Parcl on Coinbase allows investors to explore decentralized real estate trading opportunities and opens up new investment horizons.
