Coinbase Global Inc. has announced plans to list PancakeSwap ($CAKE) on its platform, sparking excitement in the crypto market. The listing is expected to boost CAKE’s trading volume and potentially trigger a bullish price surge. This move follows recent regulatory clarity for the Binance ecosystem within the U.S., which also contributed to increased confidence amongst investors. 2023 has been significant for PancakeSwap as it continues to dominate the decentralized exchange (DEX) volume on the Binance Smart Chain (BSC). The platform recorded an impressive $165.3 billion in trading volume during May, representing a substantial portion of the overall BSC DEX volume ($178.2 billion). The announcement coincided with CAKE price showing bullish signals, gaining approximately 1% to reach around $2.44 on June 4th, signaling a potential breakout from its multi-week consolidation. With PancakeSwap’s recent surge and the upcoming Coinbase listing, market observers are closely watching for a potential price acceleration.