Coinbase Plans to List Dogecoin Rival Bonk on Its Platform
Coinbase, the leading US cryptocurrency exchange, has announced its intention to list Bonk (BONK), a memecoin built on the Solana blockchain. The exchange has included Bonk in its “listing roadmap,” which informs customers about potential asset additions. The roadmap was created to increase transparency and prevent front-running of trading support announcements.
Bonk is currently trading at $0.00001031, showing a significant increase of over 400% from its value 30 days ago. According to Altcoin Sherpa, a pseudonymous crypto strategist, Bonk may soon surpass the $0.00001500 mark during its next upward movement.
Coinbase’s Recent Support for Solana-Based Assets
This move follows Coinbase’s recent listing of Jito (JTO), a decentralized finance (DeFi) protocol built on Solana. JTO token holders can participate in protocol governance and make purchases on DeFi platforms within the Solana ecosystem. However, Jito is currently experiencing a 5.2% decrease in value, trading at $2.66.
Hot Take: Coinbase Expands Asset Offerings with Bonk Listing
Coinbase’s decision to include Bonk in its listing roadmap demonstrates the exchange’s commitment to expanding its asset offerings beyond mainstream cryptocurrencies like Bitcoin and Ethereum. By embracing memecoins like Bonk and supporting Solana-based projects like Jito, Coinbase aims to attract a broader range of users and cater to the growing demand for alternative digital assets.
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