Coinbase Hopes To List More Meme Coins During Trump Presidency: Bloomberg

Leading US crypto exchange Coinbase hopes to list more meme coins on its platform during the pro-crypto presidency of Donald Trump.

That’s according to a Bloomberg report that cites Tom Duff Gordon, vice president of international policy, as saying the firm wants to add smaller projects, including meme coins, to its list of tradable assets.

This is something Coinbase, along with other US companies, have been unable to do because the Securities and Exchange Commission (SEC) currently sees the majority of crypto tokens as securities.

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Coinbase To Offer Americans More Services Once The Trump Administration Clarifies Digital Asset Plans

According to the Bloomberg report, Coinbase believes it will be able “to do more” with smaller tokens and meme coins once the Trump administration gives more specifics regarding its plans for the digital asset space.

In 2023, Coinbase had to reduce its reliance on the US market and diversified into 38 countries. These countries include Singapore, Australia, Spain, France and Bermuda. 

The company also launched a derivatives market in Bermuda to get in on the high volumes in the region. Coinbase decided to rely on more-predictable businesses other than its trading revenue as well, according to the Bloomberg report.

Regardless of its focus outside of the US, Coinbase says the US will remain one of the company’s “most important markets” because it’s where the exchange employs most of its staff, and is where most of the platform’s users are, the Bloomberg report added.

Meme Coins Soar Over 6%, Presales Poised To Benefit

The collective capitalization for the meme coin market pumped more than 6% in the last 24 hours, taking the market’s valuation to $126.93 billion.

Coinbase’s aim to list more meme coins under the upcoming Trump presidency is great news for presale meme coins, as well as newly-listed, high-potential meme coins.

Presales like Pepe Unchained (PEPU), one of the most successful ICOs ever after raising more than $40 million, and $5 million plus Crypto All-Stars (STARS) will see their chances of listings on Binance and Coinbase increase exponentially. 

Among other new project poised to gain would be meme coins like Catslap (SLAP), which soared more than 2,000% after its DEX listing yesterday. Catslap Token aims to knock Popcat (POPCAT) off its perch as the top cat-themed meme coin, and its market cap has already surged to almost $20 million.

Related Articles:

  • Crypto All-Stars Presale Surges Past $5M – Only 28 Days Left To Buy $STARS
  • Popcat Price Drops, Meme Coin CatSlap Listed On DEX
  • Next Cryptocurrency to Explode, 22 November — Mantle, TROY, Cortex

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