Coinbase Adds Two Tokens to Listing Roadmap
Coinbase Expands Listing Roadmap with Two New Tokens
Coinbase, a leading US cryptocurrency exchange, has announced the addition of two new tokens to its listing roadmap: Subsquid (SQD) and a meme-inspired token operating on the Solana network. This news prompted immediate price increases for both assets.
Token Details and Market Reaction
Subsquid (SQD), a decentralized data lake and query engine on Arbitrum, saw a 9% price increase following the announcement, settling at $0.20 (a 6.1% gain after a minor correction).
The Solana-based token experienced a more significant surge, initially climbing 14% before correcting. At the time of writing, it trades at $1.04, representing a 9.8% increase. Its 24-hour trading volume skyrocketed by 100.3% to $411 million, propelling it to the top six trending cryptocurrencies on CoinGecko.
Coinbase emphasized that trading will commence only after sufficient market-making support and technical infrastructure are established. The exchange provided the following contract addresses: Subsquid (SQD) - 0x1337420dED5ADb9980CFc35f8f2B054ea86f8aB1; Solana token contract address for the meme token - 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.
Coinbase's Expanding Asset Listing
This addition follows Coinbase's recent inclusion of PancakeSwap (CAKE) to its roadmap. CAKE, initially seeing a 5.8% increase, later experienced a 6.8% decline, trading at $2.2. This pattern of initial gains followed by corrections mirrors earlier additions like Ethena (ENA), which was quickly listed after its roadmap inclusion.
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