Coinbase Teases 3 New Altcoin Listings, Market Reacts with Price Jumps

Coinbase, the largest US-based exchange by trading volume, has added three new altcoins to its listing roadmap, signaling a potential upcoming listing.

The tokens include BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX). Notably, the announcement triggered price surges for all three, with BNKR seeing the largest double-digit pump.

Coinbase Adds BNKR, JITOSOL, and MPLX To Listing Roadmap

The exchange announced the decision in a recent post on X (formerly Twitter). The announcement included the contract addresses for each asset:

• BNKR’s Base network address: 0x22af33fe49fd1fa80c7149773dde5890d3c76f3b.
• JITOSOL: J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn
• MPLX: METAewgxyPbgwsseH8T16a39CQ5VyVxZi9zXiDPY18m

However, Coinbase emphasized that the launch of trading for these assets remains contingent on securing market-making support and establishing sufficient technical infrastructure. Once these conditions are met, the exchange will make a separate announcement confirming the trading start date.

“Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbase account before an official announcement may lead to permanent loss of funds,” the exchange noted.

Meanwhile, the market reaction to the news was swift. BNKR, the official token of the Bankr AI agent, experienced a significant price surge, rising approximately 40.54%. The price increased from around $0.00037 to $0.00052.

However, at the time of writing, the token shed some of its gains to trade at $0.00046. This still represented a 29% increase over the past 24 hours.

MPLX followed with a 12.08% increase from $0.149 to $0.167. Nonetheless, it saw a steep fall afterward. According to the latest market data, the altcoin was trading at $0.160, down 4.6% over the past day.

Lastly, JITOSOL, which is a liquid staking derivative on the Solana blockchain, saw a modest 3% uptick despite brief dips. At press time, it traded at $246.

The addition of BNKR, JITOSOL, and MPLX follows Coinbase’s rigorous vetting process, which evaluates assets against legal, compliance, and technical security standards. The assets join QCAD (QCAD), which has lingered on the roadmap for quite some time.

Nevertheless, altcoins like Fartcoin (FARTCOIN), Subsquid (SQD), Sky (SKY), etc., were listed shortly after the roadmap addition. Therefore, the exchange may take a similar approach with the latest additions.

If a listing follows, more price surges would not be unexpected. Coinbase listings are frequently followed by significant price increases due to the heightened exposure and liquidity that typically accompany these listings.