Coinbase has announced plans to list Fartcoin (FARTCOIN), PancakeSwap’s utility token (CAKE), and Subsquid’s SQD token, expanding its support for trending altcoins. The new assets will start trading on Thursday, 12 p.m. ET (16:00 UTC), subject to liquidity conditions.
The tokens will trade on both the retail and institutional exchanges of
Coinbase
in regions where it is supported. Furthermore, t
he tokens will be traded against the U.S. dollar with the following pairs: FARTCOIN-USD, CAKE-USD, and SQD-USD. Coinbase announced the additions through X as altcoin appetite among investors firm.
Fartcoin climbs on hype
Each of the three tokens noted gains in the double digits after the announcement, with
Fartcoin
being the best performer over the 24 hours. The meme coin surged by more than 6% following its inclusion in the Coinbase roadmap, where it wiped out some of its previous correction in June.
Last month, Fartcoin approached new highs but declined abruptly. The confirmation of listing on Coinbase restarted the momentum. Once trading commences, volatility is likely to rise, especially given the token’s speculative nature. According to data by Coingecko, Fartcoin currently ranks the second-largest memecoin after the U.S. President Donald Trump-themed Official Trump token.
The rise of Fartcoin follows the responses of other meme coins to listings on large exchanges in the past, where traders expect short-term pump-and-dump rallies. The community behind the token is also still active, which will generate more purchasing power before the launch tomorrow.
Subsquid hits new all-time high as AI hype grows
Subsqrud (SQD) is another project that hit a new all-time high after the Coinbase announcement. SQD is an open database network that AI agents use in
Web3
. The project has already picked up steam in the developer community, creating decentralized AI tools since its launch, and its introduction to Coinbase has introduced new liquidity into the ecosystem.
SQD was added to the Coinbase listing roadmap less than a week ago. That transaction induced a gradual rise, which has resulted in the current all-time high of the token. The increased applicability of SQD in AI-centric infrastructure is bringing the wider interest of traders and institutional participants. The addition of Coinbase solidifies the market need for utility-focused tokens that have practical applications in infrastructure.
PancakeSwap gains ground despite slower uptick
The announcement also featured PancakeSwap (CAKE), the major decentralized exchange (DEX) on the BNB Smart Chain. CAKE has recently flipped a multi-week trend lower, although its short-term response to events was more subdued than Fartcoin and SQD. The token was slightly pumped at the news of the listing.
The relative underperformance of CAKE versus the other two assets could be attributed to the more developed market profile of the former. However, traders consider the Coinbase listing a positive indication of the long-term liquidity of CAKE.
Coinbase lawsuit over wBTC concludes
In a separate development, BiT Global has
withdrawn
a lawsuit against Coinbase regarding the delisting of its wrapped bitcoin (wBTC) token. The legal tussle resulted from Coinbase claiming that wBTC presented an unacceptable risk because of its connection to Justin Sun.
The two parties reached an agreement to have the case dismissed with prejudice, which barred refiling. Both parties will bear their legal costs. The dispute came after Sun’s activities in wBTC raised questions, prompting Coinbase to focus on its token, cbBTC, which was launched just before the delisting of wBTC. The suit also raised the question of competition in selecting tokens and risk management, though the dismissal points to a fresh start.
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