DOT Skyrockets after Coinbase Pro Listing

DOT Skyrockets after Coinbase Pro Listing

BUSINESS | Jun 16, 2021 | WOZINGA NEWS

DOT Skyrockets after Coinbase Pro Listing

  • The major crypto exchange will list Polkadot (DOT).
  • Coinbase described Polkadot as a high-performance platform for cross-chain transactions.

By Elah Mae Ariate Wozinga Journalist

Coinbase has announced on Monday, June 14, that they will list DOT. The native cryptocurrency of Parity Technologies Polkadot blockchain, according to the report in the crypto briefing.

After that, DOT’s price surged by 15% and traded $25.550 from the time of writing.

DOT will be available in Coinbase Pro

The US-based cryptocurrency exchange, Coinbase announced the listing of Polkadot within its Coinbase Pro platform.

The transferring of DOT into pro accounts is now possible but, the trading will start on Wednesday, June 16. Also, the company clarified that trading will be possible if they met their liquidity conditions.

However, DOT is not yet available on Coinbase’s website or mobile apps. In fact, the exchange has stated that they will announce their plans once support is enabled outside Coinbase Pro. Support for Polkadot will be available in the publicly traded crypto exchange for many supported countries, but Singapore will be excluded.

Recent and Upcoming Listings

Renewable energy and minimizing carbon footprint have become the goals of the crypto miners this time. A UK Metro news site noted the adaptation of cow dung as a carbon-neutral energy source for cryptocurrency mining.

In the UK, farmers earn additional income for producing energy for carbon-neutral crypto mining operations. The farmers generate electricity from manure and sell it to the National Grid.

Moreover, the National Grid is an operating firm that provides a high-voltage electricity transmission network in England and Wales.

Currently, the Easy Crypto Hunter is a UK-based firm that develops crypto mining hardware. The company joins the green energy crypto mining.

Crytonews mentioned that farmers could earn GBP 0.07 (USD 0.1) per kilowatt. Yet, the farmers could earn GBP 40 (USD 56.4) a day and some USD 21,000 a year.

Also, the computers of Easy Crypto Hunter can mine hundreds of various digital currencies.

Easy Crypto Hunter CEO Josh Riddett admitted: “Solar panel incentives have dwindled to virtually zero, but our machines are now providing those lost incentives.”

But, the firm declares that they do not mine Bitcoin. ‘”It’s a good idea for both the client and the green energy supplier, so a win-win all around,” Riddett added.

Do you think Polkadot and Coinbase pro is a good match?

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