Parcl surges 50% following Coinbase listing announcement
Cryptocurrencies

The decentralised real estate trading platform Parcl (CRYPTO:PRCL) has seen a significant increase in value following its announcement of inclusion in Coinbase’s listing roadmap.
This news led to a nearly 50% rise in Parcl’s price, reflecting strong market interest.
Parcl operates on the Solana (CRYPTO:SOL) smart contract platform and allows users to invest in real estate through synthetic assets, which are blockchain-based representations of real-world assets such as stocks and properties.
The platform provides users with access to global city indices, enabling them to hold shares in specific locations.
Currently, Parcl is active in several major cities, including New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago, and Dubai.
Coinbase announced the addition of Parcl to its listing roadmap via its social media account on X.
This roadmap is designed to enhance transparency and prevent insider trading on assets before they become available for trading.
The inclusion of Parcl indicates Coinbase's belief that the asset will likely be traded in the future.
By utilising synthetic assets, users can more easily invest in real estate across various cities without needing actual ownership of the properties.
Market analysts anticipate that platforms like Parcl will continue to gain traction among exchanges as more investors seek innovative ways to enter the real estate sector.
At the time of reporting, the Parcl price was $0.5425.