Amid efforts to provide its users with an exclusive trading experience and a wide range of crypto options, the renowned U.S.-based crypto trading platform Coinbase has announced via an X post the addition of three crypto assets to its platform.
The new listings, which span the Ethereum, Solana, and Arbitrum networks, aim to broaden crypto access for Coinbase users in supported regions.
According to the announcement, the tokens include PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN), providing fresh investment opportunities to Coinbase users.
Scheduled to launch on June 12, the three tokens will go live and become available for trading via the Coinbase website and mobile apps (iOS and Android). Users will be able to buy, sell, convert, send, receive, or store the assets starting from 9 AM PT on Thursday.
Coinbase’s decision to enhance its crypto offerings underscores the exchange’s commitment to providing diverse trading opportunities and expanding its global presence.
As users anticipate the token launch, Coinbase has urged them to confirm asset availability in their region before engaging in transfers or trades. The exchange noted, “Support for these assets may be restricted in some supported jurisdictions.”
While each token is tied to a specific blockchain, users must exercise caution when transferring them:
- Fartcoin (FARTCOIN) will be available as an SPL token on the Solana network. Sending SPL tokens through non-Solana networks may result in permanent loss.
- Subsquid (SQD) will be supported only on the Arbitrum network, and transfers via non-Arbitrum networks may also be irrecoverable.
- PancakeSwap (CAKE) will launch as an ERC-20 token on the Ethereum network, meaning only Ethereum network transfers will be supported.
This listing marks a significant milestone for each project. However, the buzz surrounding the Coinbase listings has yet to impact the price of PancakeSwap directly. Over the last day, CAKE has held firm around $2.58, reflecting a slight dip of 0.51%.
Meanwhile, FARTCOIN and Subsquid have moved in the opposite direction, showing massive daily gains of 6.34% and 6.48%, respectively, as anticipation builds ahead of their Coinbase debut.
