Coinbase Expands Spot Market With 3 New Altcoin Listing
Coinbase, the biggest US-based change, has expanded its spot buying and selling platform with the addition of three new altcoins: Kamino (KMNO), Dolomite (DOLO), and Solayer (LAYER).
The listings triggered modest value good points throughout all three tokens shortly after the announcement.
Coinbase Announces Listing of KMNO, DOLO, and LAYER
In a press release printed on Coinbase Markets’ official X (previously Twitter) account, the change confirmed that KMNO, DOLO, and LAYER might be available in opposition to the US greenback.
Coinbase added that buying and selling will start on or after 9:00 AM Pacific Time (PT). This is contingent on liquidity circumstances being glad.
Furthermore, entry will even depend upon native laws. Thus, Coinbase famous that buying and selling will solely be out there in areas the place the change is legally allowed to supply it.
“Kamino (KMNO) and Dolomite (DOLO) might be out there on Coinbase․com, within the Coinbase app, and Coinbase Advanced. Institutions can entry Kamino (KMNO) and Dolomite (DOLO) instantly by way of Coinbase Exchange,” the change added.
The change additionally offered the official contract addresses for every supported asset. It emphasised that tokens should solely be despatched by way of their right networks to keep away from everlasting lack of funds. The contract addresses are:
- Solayer (LAYER) — Solana community (SPL token): LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc
- Kamino (KMNO) — Solana community (SPL token): KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
- Dolomite (DOLO) — Ethereum community (ERC-20): 0x0F81001eF0A83ecCE5ccebf63EB302c70a39a654
Following the announcement, the tokens skilled small value surges. KMNO rose from $0.057 to $0.061, a 7.02% improve. DOLO climbed from $0.18 to $0.195, a achieve of 8.33%, and LAYER superior from $0.53 to $0.58, reflecting a 9.43% uptick.
However, volatility shortly ensued. At press time, KMNO traded at $0.059, up 0.36% for the reason that announcement. LAYER reached $0.55, sustaining a virtually 3% improve, indicating sustained curiosity.
Conversely, DOLO shed all good points, dropping to $0.17, a decline of roughly 3%. This mirrors past patterns the place Coinbase’s assist has led to transient rallies(*3*).
From Application to Launch: How Tokens Get Listed on Coinbase
Besides the itemizing bulletins, Coinbase additionally addressed the process behind listings themselves.
“We hear you – typically our listings course of can really feel unclear. We need to do higher. We’re bringing extra transparency to our evaluation requirements, together with widespread roadblocks and timelines,” the change wrote.
In an in depth weblog submit, Coinbase defined that its asset itemizing course of is designed to be structured, clear, and accessible. Applications are free and judged on equal requirements, and timelines range from hours to months, relying on the undertaking’s complexity and submission high quality.
A whole utility with clear tokenomics, governance particulars, and technical documentation helps keep away from delays. The evaluation covers enterprise demand, compliance concerns, and technical safety, adopted by integration work.
“In basic, the time from our evaluation of an asset to its itemizing is underneath 30 days. Tokens on supported networks typically will be supported quicker; new or unsupported chains take longer (as of this publication, supported networks for expedited listings embody Ethereum, Base, Solana, Arbitrum, Optimism, Polygon, and Avalanche),” the blog reads.
Coinbase highlighted that assets go through phased launches—deposits, auctions, limit-only buying and selling—earlier than reaching full buying and selling, guaranteeing wholesome liquidity and defending long-term market integrity.
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