Coinbase has added 34 tokens to its itemizing roadmap in 2024, with meme money making up 20% of the total, reflecting the commerce’s cautious ability in spite of the meme coin craze.
As a publicly traded firm, Coinbase‘s 2024 approach for itemizing tokens appears to think a extra measured ability when put next with its competitors, with a selective focal level on high-market-cap meme money and a desire for Ethereum (ETH) and Tainted (BASE) networks in space of Solana (SOL) or BNB Chain (formerly Binance Natty Chain).
In an X thread on Dec. 10, an on-chain analyst below alias “ai_9684xtpa” revealed that in 2024, Coinbase has added 34 tokens to its itemizing roadmap, with seven meme money, making up 20.58% of the total. Furthermore, about 71% of the listed meme money had market values over $500 million, displaying Coinbase focuses extra on greater sources than its opponents.
Meme coin listings on Coinbase possess picked up since October, following a upward thrust in hobby around “dogs money” as different tokens. This sort mirrors what’s going on on Binance, which has also added 14 meme money since October.
Whereas both exchanges allotment a top in meme coin job all over this period, Coinbase’s listings level to considerably of a selective ability to community distribution, the analyst realized. Unlike Binance, which sees over 60% of its meme coin listings on Solana, the majority (57%) of meme money listed on Coinbase are on Ethereum, with Solana and Coinbase’s possess layer 2 community, Tainted, every accounting for 28.6%.
The analyst also vital that, no longer like its competitor, Coinbase tends to exercise caution, with meme coin listings usually going on on the least a month later Binance’s.
