Coinbase Expands With Two New Token Listings
Leading cryptocurrency exchange Coinbase has officially announced the addition of two new tokens — Plume (PLUME) and Jupiter (JUPITER) — to its trading platform. This move highlights Coinbase’s commitment to growing its offerings and catering to a wider audience of crypto enthusiasts and investors.
What You Need to Know About the Listings
As revealed in an official post, Coinbase will enable spot trading for PLUME-USD and JUPITER-USD pairs starting today, contingent on sufficient liquidity. The tokens will be available on Coinbase.com, via the Coinbase mobile app, and through Coinbase Advanced Trading platforms. Institutional clients can also directly access these tokens via Coinbase Exchange.
Importantly, Coinbase has warned users about transferring assets to unsupported networks, as this could lead to permanent fund loss. The exchange has provided official contract addresses for both tokens on its platform to ensure user safety.
Understanding Plume (PLUME) and Jupiter (JUPITER)
Plume (PLUME)
The Plume Network is a layer-1 permissionless and full-stack blockchain optimized for integrating real-world assets (RWA) into the crypto ecosystem. It leverages an Ethereum Virtual Machine (EVM)-compatible interface to offer decentralized finance services such as staking, lending, swaps, and loop strategies. Following the Coinbase news, PLUME surged 7%, building on a prior 45% spike from its listing on Upbit earlier this year.
Jupiter (JUPITER)
Jupiter is a decentralized exchange (DEX) aggregator operating on the Solana blockchain. It optimizes trades by routing them through various liquidity pools to achieve the best pricing for users. Despite the Coinbase listing, JUPITER saw a slight decline of 2.37%, trading at $0.223 at the time of writing.
Why These Listings Matter
Coinbase’s criteria for listing assets are rigorous, taking into account legal, technical, and market metrics such as trading volume and market capitalization. This ensures that only high-quality, reliable tokens make it to their platform. The addition of PLUME and JUPITER demonstrates Coinbase’s focus on diversifying its portfolio and exploring fresh opportunities in blockchain innovation.
Additionally, Coinbase announced a new token, Theoriq (THQ), on its listing roadmap. Theoriq is a modular AI agent foundational layer, showcasing Coinbase’s increasing interest in AI-based blockchain technologies. Alongside THQ, other assets like zkPass (ZKP) and Hyperlane (HYPER) are also under consideration for future listings.
Maximizing Your Coinbase Experience
For users looking to stay ahead in the cryptocurrency space, this is an opportune time to explore these new tokens. If you’re interested in managing and safeguarding your growing portfolio, consider tools like the Ledger Nano X hardware wallet. With advanced security features, it’s a trusted choice for securely storing digital assets, ensuring peace of mind in the volatile crypto market.
Final Thoughts
Coinbase’s expansion into new asset listings like Plume and Jupiter shows a proactive approach to meeting the evolving needs of cryptocurrency enthusiasts. As blockchain adoption grows, these strategic moves pave the way for a more dynamic and diverse financial ecosystem. Stay updated with Coinbase announcements to capitalize on new opportunities within the crypto market.
