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Why Coinbase’s Involvement Could Elevate PancakeSwap’s DeFi Position

  • Coinbase's plan to list PancakeSwap's CAKE token is seen as a significant move that enhances PancakeSwap's visibility in the decentralized finance sector.
  • The anticipated listing on Coinbase is expected to elevate CAKE's status and introduce it to a broader audience, marking a key development for the project.
  • Coinbase follows a rigorous selection process for tokens, indicating CAKE's approval as a testament to meeting high standards and passing comprehensive evaluations.
  • PancakeSwap's recent collaborations with projects like WLFI, BNB Chain, and BUILDon through a $1 million incentive campaign aim to promote the adoption of USD1, further boosting its presence in the DeFi ecosystem.

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