Coinbase, the prominent cryptocurrency exchange in the United States, has garnered attention for its recent listing announcements.
Coinbase has been expediting its listing process, adding a considerable number of anticipated altcoins.
Floki Inu (FLOKI) has been the most notable addition, and Coinbase has expressed its intention to expand its memecoin offerings in the near future.
In an interview with Bloomberg, Coinbase's Global Policy Chief, Tom Duff Gordon, indicated plans to list additional smaller tokens, including memecoins.
Gordon anticipates positive developments in the cryptocurrency market following Trump's re-election, stating that Coinbase will expand its token and service offerings to American customers.
"Coinbase is seeking to increase its listings, focusing primarily on smaller tokens and memecoins."
Coinbase has also launched an international platform to diversify its operations amid regulatory challenges in the U.S. While continuing its global expansion, Coinbase emphasizes that the U.S. remains its primary market.
Coinbase, like other companies, faces legal challenges from the SEC for purported violations of federal securities laws. The SEC contends that most altcoins, excluding Bitcoin and Ethereum, are securities and must be registered with them.
The SEC has charged Coinbase with operating an unregistered securities exchange and providing staking services for certain cryptocurrencies.
Coinbase maintains a stronger position against the SEC following Trump's election as it continues its legal defense.
*This is not financial advice.