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decentralized real estate trading platform called Parcl has seen a significant surge after being added to Coinbase's listing roadmap. In a recent announcement on X, Coinbase Assets revealed that Parcl (PARCL) will be joining its lineup of tradable assets, resulting in a nearly 50% price increase over the past 24 hours.

    Parcl allows users to invest in real estate without actually owning physical properties by utilizing synthetic assets, which are blockchain-based representations of real-world assets. The platform provides global city indexes and enables users to acquire tokens that represent a stake in a specific index.

    "City Indexes aggregate the value of real estate in a particular city," Parcl explains. "Instead of trading individual properties, you can trade the index price representing the median price per square foot or meter, giving you diversified exposure to an entire city's market."

    Parcl tracks various cities for trading, including New York, Miami Beach, San Francisco, and others. At the time of writing, Parcl is trading at $0.516, down over 5% on the day.