In 2024, Coinbase has added 34 tokens to its listing roadmap, with only seven classified as memecoins, making up 20.58% of the total.
Notably, 71% of these tokens have a market capitalization exceeding $500 million. This marks a stark contrast to Binance, which has listed 14 memecoins since October.
Coin Listing Trends and Timing
Coinbase launched its memecoins primarily after October, aligning with a period of market downturns and renewed interest in niche markets like memecoins. While Binance also began its memecoin push around this time, its listing frequency is significantly higher, reflecting a more aggressive approach to such tokens.
Network Distribution
Coinbase’s network preferences also differ from Binance’s. While over 60% of Binance-listed memecoins are on Solana, Coinbase exhibits no strong Solana bias. Instead, 57% of Coinbase’s memecoins are based on Ethereum, with Solana and Base each accounting for 28.6%. Binance Smart Chain (BSC) is also represented, though some tokens span multiple networks.
Listing Rules and Style
Coinbase’s memecoin listings demonstrate a cautious and conservative approach:
1. Market Cap Threshold: All listed tokens boast a market cap exceeding $100 million, with 71% surpassing $500 million.
2. Delayed Launches: Most of Coinbase’s memecoins were listed at least a month after Binance.
3. Preference for Established Tokens: Apart from a newcomer, MOODENG, Coinbase has only listed tokens with proven market and community standing.
来了，Coinbase 2024 年已上线 Memecoin 项目盘点🙌
Coinbase 今年累计将 34 个代币添加到了上币路线图，其中 Meme 仅有 7 个，占比 20.58%，且高达 71% 的代币市值超过 5 亿美金
与币安相比，Coinbase 的上币频率 / 选币风格 / 上币效应有何不同？上币规律和网络分布情况又如何呢？Let's Go🧵👇 pic.twitter.com/udJN03uUyH
— Ai 姨 (@ai_9684xtpa) December 10, 2024
Comparing Impact
Binance’s openness to newer, lower-market-cap tokens contrasts with Coinbase’s conservative stance. This difference significantly impacts post-listing price performance. Since Coinbase typically lists high-market-cap tokens, the immediate buying stimulus is limited compared to Binance.
While Coinbase’s cautious strategy limits short-term trading effects, its reputation as the largest U.S.-regulated exchange may offer memecoins greater long-term credibility and liquidity.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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