2024

Solana

GIGA

Base

Coinbase has added 34 tokens to its listing roadmap in 2024, with meme coins making up 20% of the total, reflecting the exchange’s cautious approach despite the meme coin craze. 
As a publicly traded company, <a href="https://crypto.news/tag/coinbase/" target="_blank">Coinbase</a>‘s 2024 strategy for listing tokens seems to reflect a more measured approach compared to its rivals, with a selective focus on high-market-cap meme coins and a preference for Ethereum (<a rel="" href="https://crypto.news/tag/ethereum/">ETH</a>) and Base (<a rel="" href="https://crypto.news/tag/base/">BASE</a>) networks rather than Solana (<a rel="" href="https://crypto.news/tag/solana/">SOL</a>) or <a href="https://crypto.news/tag/bnb-chain/" target="_blank">BNB Chain</a> (formerly Binance Smart Chain). 
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In <a href="https://x.com/ai_9684xtpa/status/1866367898501206452" target="_blank" rel="nofollow">an X thread</a> on Dec. 10, an on-chain analyst under alias “ai_9684xtpa” revealed that in 2024, Coinbase has added 34 tokens to its listing roadmap, with seven meme coins, making up 20.58% of the total. Moreover, about 71% of the listed meme coins had market values over $500 million, showing Coinbase focuses more on larger assets than its competitors. 
Meme coin listings on Coinbase have picked up since October, following a rise in interest around “dog coins” as alternative tokens. This trend mirrors what’s happening on Binance, which has also added 14 meme coins since October. 
 You might also like: <a rel="" href="https://crypto.news/coinbase-adds-giga-and-turbo-to-its-asset-roadmap/"> Coinbase adds GIGA and TURBO to its asset roadmap </a> 
While both exchanges share a peak in meme coin activity during this period, Coinbase’s listings reveal somewhat of a selective approach to network distribution, the analyst found. Unlike Binance, which sees over 60% of its meme coin listings on Solana, the majority (57%) of meme coins listed on Coinbase are on Ethereum, with Solana and Coinbase’s own layer 2 network, Base, each accounting for 28.6%. 
The analyst also noted that, unlike its competitor, Coinbase tends to exercise caution, with meme coin listings typically occurring at least a month later Binance’s. 
 Read more: <a rel="" href="https://crypto.news/us-gov-told-banks-to-suppress-crypto-coinbase-documents-show/"> US gov told banks to suppress crypto, Coinbase documents show </a>

Coinbase sticks to conservative approach as meme coins make up 20% of its 2024 listings, analyst says

crypto.news

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