Top Crypto Exchange Coinbase Adds Two Assets Related to Solana (SOL) Staking Project to Its Listing Roadmap

1 year ago 107

Coinbase is adding two more under-the-radar altcoins to its listing roadmap, including the governance token of a non-custodial liquid staking protocol built on Solana (SOL).

The exchange announced on Thursday that the roadmap now includes Marinade (MNDE) and one related staking altcoin.

Likely due to the announcement, MDNE has exploded by more than 52% in the past 24 hours and is trading at $0.076474 at time of writing.

Today’s price movement, however, pales in comparison to the extreme volatility MDNE demonstrated earlier this week, reaching a low of $0.002891 on Monday before erupting to a high of $0.310840 on Tuesday.

Coinbase also added the Marinade Staked SOL token (MSOL) to its roadmap. MSOL is trading at $30.05 at time of writing and is down 3.23% in the past 24 hours.

Coinbase created the roadmap this year to increase transparency and reduce the possibility of frontrunning their listing announcements.

Earlier this month, Coinbase CEO Brian Armstrong said the exchange aims to list as many crypto assets as possible, as long they meet the company’s standards.

“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are…”

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