Release: 2024/11/22 23:05 Reading: 523
Coinbase Anticipates Listing More Meme Coins under Pro-Crypto Trump Presidency
According to Bloomberg, Coinbase's Vice President of International Policy, Tom Duff Gordon, has expressed the company's intent to expand its repertoire of tradable assets by introducing smaller projects, including meme coins.
Currently, this endeavor is hindered by the Securities and Exchange Commission (SEC), which classifies most crypto tokens as securities.
Trump Administration's Digital Asset Plans Expected to Enable Coinbase's Expansion
Bloomberg's report suggests that Coinbase anticipates increased flexibility for dealing with smaller tokens and meme coins once the Trump administration clarifies its digital asset plans.
Coinbase's Global Expansion Amidst US Market Restrictions
In 2023, Coinbase diversified its operations into 38 countries, including Singapore, Australia, Spain, France, and Bermuda, to reduce its dependence on the US market.
Despite Global Expansion, US Remains a Key Market for Coinbase
Despite its international expansion, Bloomberg emphasizes that Coinbase considers the US as one of its "most important markets" due to its large staff presence and user base.
Meme Coin Surge and Presale Potential
The collective market capitalization of meme coins has surged over 6% within the past 24 hours, amounting to $126.93 billion.
Presale meme coins and newly listed coins are poised to benefit from Coinbase's potential to list more coins under the Trump presidency.
Presales like Pepe Unchained (PEPU), with its successful $40 million-plus ICO, and Crypto All-Stars (STARS) are likely to see increased prospects for listing on Binance and Coinbase.
Other new projects, such as Catslap (SLAP), which saw a significant surge in value upon its DEX listing, may also stand to gain.
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