What’s New for Ripple (XRP) and Solana (SOL) on Coinbase: Here’s the Latest
Main Idea
Coinbase announced the introduction of nano SOL and nano XRP perpetual-style futures, along with support for BankrCoin (BNKR) and Treehouse (TREE), though some services may be restricted in certain jurisdictions.
Key Points
1. Coinbase will introduce nano SOL and nano XRP perpetual-style futures through a clearing cash adjustment.
2. The exchange listed Solana’s native token in May 2021 and embraced XRP in 2019, despite regulatory challenges with the SEC.
3. Coinbase added support for BankrCoin (BNKR) on the Base network, with trading set to begin on July 30.
4. BNKR’s price surged by over 17% daily following the announcement.
5. Treehouse (TREE) is now available on Coinbase’s iOS and Android apps with an Experimental label, though its price dropped 42% to around $0.58.
Description
TL;DR Coinbase plans to launch specific XRP and SOL products, thereby giving US investors more options to manage risk and speculate on the prices of these cryptocurrencies. Alongside reaffirmed support for XRP and SOL, the exchange added BankrCoin (BNKR) on the Base network and listed Treehouse (TREE) with an Experimental label. The assets experienced major price volatility after the announcements. Additional Services With XRP and SOL Coinbase revealed that it will introduce nano SOL and nano XR...
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