Celo price spikes 32% after Coinbase listing

According to a Sept. 3 blog post from Coinbase, the exchange now supports the utility and governance token for the Celo platform. Coinbase currently holds both Celo utility tokens and UMA tokens from its 2018 investments.

Following the announcement of support for Celo, the price of the token surged from $3.44 to a new all-time high of $4.55 in just two hours before dipping back under $4.00. Coinbase is offering trading on the platform’s governance token using the ticker name CGLD rather than CELO, but stated the move was “temporary.”.

Timeline of Celo, Uma