Coinbase is gearing up to expand its offerings by adding more smaller cap tokens, including popular memecoins, as it anticipates a friendlier regulatory environment under the incoming Trump administration.
A new era for memecoins
Tom Duff Gordon from Coinbase shared that the exchange is ready to widen its token listings once clearer regulations come into play.
He mentioned that this clarity would allow Coinbase to engage with projects and tokens they previously couldn’t offer to U.S. customers.
“We’re looking at some of the smaller tokens, especially those memecoins.”
Worth to mention that it’s not all sunshine and rainbows for Coinbase right now.
The company is facing legal challenges from the SEC, which accuses them of offering trading services for 13 tokens, like SOL, ADA, and MATIC, that are considered securities without proper registration.
Other crypto firms like Binance and Ripple Labs are also feeling the heat from the SEC.
Trump’s chance to being the crypto-president
The current administration has been seen as somewhat hostile toward crypto, but Trump has promised to change that.
Back in May, he vowed to end the negativity surrounding cryptocurrencies and create a supportive environment for businesses in the U.S. With his pro-crypto stance, many believe that tensions between regulators and crypto firms could finally ease.
In response to these regulatory challenges, Coinbase already expanded its operations internationally and even launched a derivatives exchange in Bermuda.
This diversification is key for reducing reliance on U.S. trading revenues, but Gordon emphasized that the U.S. remains Coinbase’s most important market, where most of their employees and users are based.
Expanding memecoin listings
Coinbase has historically been selective about which meme tokens it lists, focusing primarily on well-known options like Dogecoin and Bonk.
On the other hand, lately they’ve added newer names like Pepe, dogwifhat, and Floki Inu to their roster, because high trading volume means high fee revenue for the platforms.
These additions have led to impressive price jumps, especially for PEPE token, which jumped by 50% following its listing announcement.
As the excitement builds around memecoins and the potential for new listings under a Trump administration, it seems like Coinbase is positioning itself to capitalize on this trend.
With institutional interest growing and regulatory clarity on the horizon, we might see a whole new wave of memecoins making their way onto the platform.
