12.06.2025 04:58
Coinbase is significantly expanding its cryptocurrency offerings, adding three new tokens to its trading platforms. Starting June 13th at 12 PM ET (16:00 UTC), investors will be able to trade Fartcoin (FARTCOIN), PancakeSwap's CAKE token, and Subsquid's SQD token, pending sufficient liquidity. This expansion encompasses both Coinbase's retail and institutional exchanges, subject to regional availability. Trading pairs will be established against the US dollar for all three assets. The announcement, disseminated via X, underscores Coinbase's commitment to supporting trending altcoins, mirroring a robust investor interest in this sector.
Specifically, Coinbase will support Fartcoin on the Solana network (as an SPL token). Crucially, users are cautioned against transferring FARTCOIN via any other network to prevent irreversible fund loss. The platform will enable deposits and withdrawals through both Coinbase and Coinbase Exchange in supported regions. This expansion follows the recent surge in interest around Fartcoin, whose price increased significantly after Coinbase's listing announcement.
Fartcoin, a meme coin, experienced a remarkable price jump exceeding 6% in the wake of the news. This rally partially offset earlier June losses, following a previous near-high price point and subsequent sharp decline. The Coinbase listing has reignited market momentum for the token, although significant price volatility is anticipated once trading begins, particularly given its speculative nature. Currently, according to Coingecko, Fartcoin holds the position of the second-largest meme coin globally, trailing only the Official Trump token. This upward trajectory reflects the common pattern observed with other meme coins following major exchange listings – frequently resulting in short-term price increases fueled by speculative trading activity. Furthermore, a still-active community surrounding Fartcoin is expected to further boost buying pressure before the upcoming launch.
Finally, the news also coincides with Subsquid's SQD token reaching a new all-time high. This surge appears to be connected to the growing excitement around artificial intelligence.
