In a significant move for the cryptocurrency market, Coinbase, a prominent cryptocurrency exchange, has announced the addition of two new altcoins to its trading platform. The tokens, Plume (PLUME) and Jupiter (JUPITER), are set to be available for spot trading, which has already sparked heightened activity and volatility in their respective markets.
The official announcement was made via a post on X (formerly Twitter), where Coinbase Markets indicated that trading pairs for PLUME-USD and JUPITER-USD will commence no earlier than 9:00 AM Pacific Time (PT), depending on the establishment of sufficient liquidity. The exchange clarified that trading will only be available in jurisdictions where it is legally supported.
Both tokens will be accessible on coinbase.com, the Coinbase app, and Coinbase Advanced. Institutional investors can also trade directly through Coinbase Exchange. In a bid to ensure user safety, Coinbase has provided the official contract addresses for each token, cautioning users that transfers to unsupported networks could lead to irreversible loss of funds.
Plume (PLUME) is an ERC-20 token operating on the Ethereum blockchain, with the contract address: 0x4C1746A800D224393fE2470C70A35717eD4eA5F1. Meanwhile, Jupiter (JUPITER) is classified as an SPL token, and its address is JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN. The decision to list these tokens follows a thorough evaluation process that assessed legal, technical, and market factors, including trading volume and market capitalization, in line with Coinbase“s stringent listing criteria.
The market response to the announcement has been noteworthy. Plume Network, which is characterized as a layer-1 permissionless blockchain designed for real-world assets (RWA), experienced a surge of 7% following the news of its listing on Coinbase. This increase builds on momentum from its recent debut on Upbit, which reportedly caused a significant price spike of 45%, indicating strong interest in the asset, particularly in the Asian market.
Conversely, Jupiter, which operates as a decentralized exchange aggregator on the Solana blockchain, initially recorded modest gains but subsequently retraced those gains. At the time of this report, JUPITER was trading at $0.223, reflecting a decline of 2.37% since the announcement.
Additionally, Coinbase has included Theoriq (THQ), a modular AI agent foundational layer, in its upcoming listing roadmap, signaling its commitment to expanding into diverse blockchain segments. According to Coinbase, the initiation of trading for these assets will depend on adequate market-making support and technical infrastructure, with a separate announcement planned once conditions are met.
This latest development underscores Coinbase“s ongoing efforts to enhance its offerings and cater to the evolving needs of its users in the dynamic cryptocurrency landscape.
