Stader (SD) Token Soars 100% on Coinbase Listing Announcement

Stader （SD） token’s value has doubled following Coinbase’s announcement of its listing, peaking at $0.8507 before settling at $0.7217. The token saw a significant surge in trading activity and market capitalization.

Points

• Stader （SD） token doubles in value after Coinbase listing announcement.
• Trading activity surged, with 24-hour volume reaching $12 million.
• Market capitalization reached $29,868,535 with 41 million SD tokens in circulation.
• Significant impact of Coinbase’s announcement on market performance.

Stader （SD） token’s value has doubled following Coinbase’s announcement of its listing. The token peaked at $0.8507 before settling at $0.7217 at the time of writing. This announcement has significantly boosted trading activity and market capitalization.

Stader （SD） Token Soars 100%, Source: CoinGecko

Stader （SD） Token Soars 100% Following Coinbase Listing Announcement

Following the revelation, Stader saw a surge in trading activity, with its 24-hour trading volume reaching $12 million. Stader has a $29,868,535 market capitalization with 41 million SD tokens in circulation. These numbers demonstrate how Coinbase’s announcement had a major effect on Stader’s market performance and investor interest.

The government’s deployment of blockchain technology for asset management has advanced significantly with this agreement, demonstrating the public’s growing confidence in virtual currencies.

Coinbase was also mentioned as an extra custodian for VanEck’s HODL Bitcoin ETF. Announced on June 28, this agreement delineated certain conditions for safeguarding the Bitcoin assets of the ETF issuer.

Coinbase already acts as custodian for eight other Spot Bitcoin ETFs, including those from prominent players in the market like BlackRock, Bitwise, and Grayscale. This appointment expands Coinbase’s already remarkable portfolio. These changes strengthen Coinbase’s standing as a reliable and significant participant in the cryptocurrency market.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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