Real Estate Trading Platform Parcl (PARCL) Surges 50% After Getting a Spot on Coinbase's Listing Roadmap

A decentralized real estate trading platform built on the smart contract platform Solana (SOL) is surging after getting a spot on Coinbase's listing roadmap.

A decentralized real estate trading platform is rallying after being included on Coinbase’s listing roadmap.

Coinbase Assets announced the addition of Parcl (PARCL) to its roadmap in a thread on the social media platform X on Wednesday. The announcement triggered a nearly 50% rally in PARCL, which is now up 47% over the last 24 hours and trading at $0.516.

Coinbase’s listing roadmap is designed to provide transparency and prevent employees from engaging in insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future.

Parcl is a platform that enables users to trade and invest in real estate via synthetic assets without having to actually own any property. Synthetic assets are blockchain-based representations of real-world assets, such as stocks, securities and property.

Parcl provides users with global city indexes, allowing them to acquire tokens that represent a stake in a specific index.

“City Indexes represent the aggregate value of real estate in a particular city,” the platform explains.

“Instead of trading individual properties, you can trade the index price that represents the median price per square foot or square meter, giving you diversified exposure to an entire city’s real estate market.”

Some of the cities tracked for trading by Parcl include New York, Miami Beach, San Francisco, Austin, Los Angeles, Chicago, Dubai and a lot more.