12.06.2025 00:18
Coinbase, a leading global cryptocurrency exchange, will list three new tokens—PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN)—on its platform starting tomorrow at 9 AM Pacific Time. This announcement has already spurred significant market activity, with all three tokens experiencing price increases, Fartcoin exhibiting the most dramatic growth, and SQD reaching a new all-time high. Traders anticipate considerable volatility in these assets following the Coinbase listings.
The addition of these tokens to Coinbase's offerings is generating considerable excitement, a common occurrence given the exchange's significant influence. The inclusion of Fartcoin and Subsquid on Coinbase's roadmap just days ago foreshadowed this surge, prompting noteworthy price appreciation even before the official listing announcement. Coinbase will support Fartcoin (FARTCOIN) on the Solana network (SPL token) exclusively. Users are cautioned against sending this asset via other networks, to prevent irreversible fund loss. Trading will be available on Coinbase and Coinbase Exchange in supported regions.
PancakeSwap, a decentralized exchange (DEX) operating on the BNB Smart Chain, has shown recent resilience. While the exchange briefly outperformed its CAKE token last month, a recent market turnaround has reversed this trend. News of its Coinbase listing has, however, had a comparatively smaller immediate impact on the CAKE price. Fartcoin, a meme coin, experienced a temporary downturn in early June despite nearly achieving record highs the month prior. The mere inclusion of Fartcoin on Coinbase's listing roadmap, however, ignited substantial upward momentum. This upward trajectory continued today, with Fartcoin registering a 6% increase over the past 24 hours.
In contrast, Subsquid's SQD token received a far more pronounced boost. Launched over a year ago, SQD aims to facilitate Subsquid's open-source indexing platform. The Coinbase listing has significantly propelled its value, highlighting the substantial influence of major exchanges on even established cryptocurrencies. The impact of the Coinbase listings on the market underscores the exchange's power and the significant attention it commands within the cryptocurrency community.
