Coinbase Lists Solana-Based Jupiter Token, Boosts DeFi Access

Coinbase Lists Solana-Based Jupiter Token, Boosts DeFi Access

Key Points:

  • Coinbase lists Solana-based Jupiter token.
  • Enhances DeFi ecosystem’s liquidity.
  • Boosts Solana and related assets.

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Coinbase has officially added the Solana-based Jupiter (JUP) token to its listing roadmap, with trading subject to technical readiness and market-maker support, as confirmed by the company’s listings page and Solana ecosystem sources.

This listing signifies Coinbase’s interest in DeFi and Layer 1 tokens, potentially enhancing Jupiter’s liquidity and trade efficiency with broader market access.

Jupiter, a decentralized exchange aggregator on Solana, is known for its liquidity routing technology (Metis). Coinbase has listed it on their roadmap following market assessment. This listing has not yet included statements from Coinbase executives or regulatory announcements.

Listing Jupiter affects the Solana ecosystem by improving the liquidity of Solana-based DEXs. The broader DeFi community anticipates increased trading volume and liquidity flows through Coinbase.

“Coinbase’s Market and Custody teams vet new tokens for compliance, technical integration, and demand before listing on the main exchange.” – Coinbase Team, Market and Custody Division, Coinbase

Jupiter’s past airdrop of over $600 million in tokens enhanced its market standing. While their token’s inclusion in Coinbase’s roadmap highlights strategic growth in DeFi ecosystems, the final go-live awaits complete technical and market-maker assessments.

The listing aligns with previous Solana-based token outcomes, which saw price surges and increased market activity. As potential developments unfold, the industry anticipates greater accessibility and participation in DeFi innovations.

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