Coinbase is one of the longest standing exchanges in the crypto industry, and it has managed to attract a massive userbase thanks to its simple user experience and a strong reputation for security. For every crypto project, a listing on Coinbase is an important milestone that solidifies its reputation in the crypto community.
When it comes to Coinbase, new listings can have a significant impact on the price of tokens. This is because Coinbase is one of the largest exchanges in the crypto industry, and any token that’s listed on Coinbase becomes instantly available to tens of millions of crypto investors all across the globe.
In this article, we’ll highlight new Coinbase listings in 2024 and also provide a list of important cryptocurrencies that aren’t (yet) listed on Coinbase.
New Coinbase listings in 2024 – A closer look
Coinbase is quite active in adding new cryptocurrencies to its platform. Let’s take a closer look at the cryptocurrencies that have been listed on Coinbase recently.
1. Degen (DEGEN) – A reward token for the Farcaster ecosystem
Degen is a reward token designed to function with the decentralized social media protocol Farcaster. For example, DEGEN holders can tip their tokens to creators producing quality content on Farcaster.
DEGEN can also be used by less established creators to boost engagement through a feature called “Raindrops”. Thanks to this feature, users can reward those who comment on their posts with DEGEN tokens.
Another unique aspect of Degen is the DegenPad, where upcoming blockchain projects in the Degen ecosystem can collect DEGEN token tips as a way of crowdfunding.
DEGEN is also the native token of Degen Chain, a layer 3 blockchain built on top of the Base blockchain.
The Degen ecosystem has a number of decentralized applications, such as Token Terminal, Degen Swap, POIDH and Microsub.
Trade Degen (DEGEN) on Coinbase
2. Moonwell (WELL) – A decentralized lending protocol
Moonwell is a decentralized lending app that allows users to borrow crypto assets or lend their idle tokens to earn interest. In total, Moonwell supports almost 50 different crypto assets across 4 blockchain platforms – Moonbeam, Base, Optimism and Moonriver.
Moonwell focuses on providing a streamlined user experience, allowing any crypto holder to benefit from its features regardless of their experience level. Typically, the highest yields are offered to stablecoin lenders, although yields vary according to market conditions.
The Moonwell protocol features the WELL governance token, which holders can use to propose changes to the protocol or vote on changes proposed by others. WELL tokens can also be staked in the Moonwell protocol’s Safety Module to help the protocol against unexpected losses of capital.
Trade Moonwell (WELL) on Coinbase
3. ZKSync (ZK) – A ZK-based layer 2 for Ethereum
ZKSync is a layer 2 platform for Ethereum that’s based on zero-knowledge (ZK) rollups. On ZKSync multiple transaction are combined into batches and a validity proof is generated and submitted to the Ethereum layer 1. In practice, this means that users can transact on ZKSync with much lower fees and faster transaction times while still benefiting from the security of the Ethereum mainnet.
ZKSync is designed to function as a network of ZK chains which are interoperable with each other and can have custom native tokens and rules. The first ZK chain to be launched is ZKSync Era, which is currently the seventh-largest Ethereum layer 2 by TVL (Total Value Locked) according to data from L2BEAT.
ZKSync is compatible with the EVM (Ethereum Virtual Machine), which means that existing Ethereum apps can easily be ported over to ZKSync. The platform can also be used with existing Ethereum-compatible wallets.
Trade ZkSync (ZK) on Coinbase
4. EigenLayer (EIGEN) – The leading Ethereum restaking protocol
EigenLayer is an Ethereum restaking protocol centered on the concept of “pooled security.” In essence, users who have already staked their ETH can restake it through EigenLayer, enabling the protocol to aggregate these funds and extend its security to external services such as bridges, liquid staking protocols, and others.
By leveraging EigenLayer’s pooled security, these services benefit from a reduced risk of protocol attacks, as EigenLayer effectively broadens Ethereum’s blockchain security to support additional protocols on the same network.
Users who restake their ETH with EigenLayer contribute to securing the services connected to the protocol and receive staking rewards in return for their support.
Trade EigenLayer (EIGEN) on Coinbase
5. io.net (IO) – Decentralized platform powering AI applications
IO.NET is a decentralized platform created to supply computing power for artificial intelligence (AI) applications. It sources GPU power from users worldwide, who are compensated for connecting their GPUs to the network, with payments settled on the Solana blockchain for near-instant, low-cost transactions.
The platform addresses the high costs and limited availability that challenge companies in AI and machine learning, aiming to lower expenses and increase access by utilizing underused GPU resources, such as those in independent data centers, cryptocurrency mining operations, and networks like Render.
At the core of IO.NET is the Solana-based IO token, used for payments and transaction fees across the platform. Users can stake the IO token directly or through delegation to strengthen the network’s security and earn rewards. Additionally, the IO token serves a governance role, providing holders with access to decision-making in the IO Grants DAO.
Trade io.net (IO) on Coinbase
6. CoW Protocol (COW) – DeFi protocol that protects users from MEV
CoW Protocol is a permissionless DEX aggregation protocol designed to protect users from MEV (maximal extractable value) such as arbitrage, front running and sandwich attacks.
The most notable product in the CoW Protocol ecosystem is CoW Swap, which is an innovative decentralized exchange aggregator designed to protect users from various forms of MEV. This MEV protection increases the likelihood that users on CoW Swap receive better deals compared to using other DEXs or aggregators without similar safeguards.
CoW Swap is considered a “meta” DEX aggregator because it functions as an aggregator of other aggregators. It searches across decentralized exchanges and other aggregators to secure the best possible prices for users, enhancing both value and security in the trading experience.
Trade CoW Protocol (COW) on Coinbase
7. Zetachain (ZETA) – Platform for interoperable DApps
ZetaChain is a project that enables developers to create decentralized applications (DApps) capable of operating across multiple blockchain platforms. Equipped with advanced smart contracts, ZetaChain can manage assets, data, and liquidity across various networks, including blockchains like Bitcoin that do not natively support smart contracts.
ZetaChain’s omnichain smart contracts can observe and respond to events across different blockchain networks, serving as a unified source of truth to maintain a consistent state of assets and data across all connected chains.
The chain’s flexible design allows it to connect seamlessly to any blockchain or layer, such as the Ethereum mainnet and layer 2 solutions like Arbitrum and Optimism. The ZetaChain team’s overarching goal is to create a smooth web3 experience where users don’t need to worry about bridging assets or switching between blockchains.
Trade ZetaChain (ZETA) on Coinbase
Potential upcoming Coinbase listings
Even though Coinbase is relatively quick to add new cryptocurrencies to its platform, there are still quite a few notable cryptocurrencies that aren’t yet listed on Coinbase. To help you stay on top of upcoming Coinbase listings, here’s a quick list of interesting cryptos that don’t yet have a Coinbase listing.
- BNB (BNB): A token launched by the Binance crypto exchange. Unlikely to be listed by Coinbase due to the token’s strong ties to a major competitor.
- TRON (TRX): A smart contracts platform using DPoS (delegated Proof-of-Stake) consensus.
- Toncoin (TON): A blockchain platform closely integrated with the Telegram messenger.
- Pepe (PEPE): A meme coin on the Ethereum blockchain.
- Bittensor (TAO): Blockchain designed to enable collaboration and intelligence sharing between AI models.
- Kaspa (KAS): Scalable Proof-of-Work cryptocurrency with a unique BlockDAG architecture.
- Monero (XMR): The biggest privacy coin on the market.
- Dogwifhat (WIF): A meme coin on the Solana blockchain.
- Fantom (FTM): A scalable blockchain compatible with the EVM (Ethereum Virtual Machine).
- THORChain (RUNE): Blockchain network that enables settlement between various blockchains.
The bottom line
Keeping an eye on new Coinbase listings is important, as they can provide a significant boost to a cryptocurrency’s price. You should also be aware of the cryptocurrencies that aren’t listed on Coinbase yet, as purchasing a coin before a Coinbase listing could result in significant profit if Coinbase does decide to list it.
If you’re interested in hunting for new cryptocurrencies before they’re listed on exchanges, make sure to check out our guide on how to find and buy new crypto before listing.
