#Coinbase Lists TRUMP Token#

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Overview

Coinbase has announced support for the TRUMP token (SPL token) on the Solana network and has opened transfers. However, due to potential delays on the Solana network, transfers, deposits, and withdrawals of TRUMP tokens may be affected. Coinbase will also launch TRUMP perpetual futures, which will open at or after 11:30 PM UTC on January 20, 2025. Additionally, the Coinbase app's ranking in the US App Store has surged ahead of Trump's inauguration, indicating a surge in interest in the cryptocurrency space.

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Analysis

Coinbase has announced that it will support the TRUMP token (SPL token) on the Solana network and list it for trading. Transfers of this token are limited to the Solana network only, and transferring through other networks may result in loss of funds. Currently, transfers of the token are open in supported trading regions, but due to potential delays on the Solana network, transfers, deposits, and withdrawals of TRUMP tokens may be affected. Coinbase will also offer perpetual futures trading for the TRUMP token, with this market opening at or after 11:30 PM UTC on January 20, 2025. The news of Coinbase listing the TRUMP token has generated market attention, and the Coinbase app's ranking on the US App Store has also risen significantly, indicating a surge in interest in the cryptocurrency space.

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Coinbase will list the TRUMP token, categorizing it as an experimental asset, and users are advised to exercise caution.

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The TRUMP token will be traded on the Solana network as an SPL token, and users must ensure that they only transfer funds through the Solana network, otherwise funds may be lost.

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Coinbase will launch perpetual futures contracts for TRUMP, with trading opening on or after January 20, 2025, at 11:30 PM UTC.

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The listing of the Trump token has sparked market interest in cryptocurrencies, and the Coinbase app has climbed significantly in the Apple US App Store rankings.

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