#Coinbase Lists TRUMP#

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Overview

Coinbase announced it will support the TRUMP token on the Solana network and plans to open the TRUMP perpetual futures market on January 20, 2025, at 11:30 PM UTC or later. This news has drawn market attention, and the Coinbase app's ranking in the US App Store has skyrocketed, jumping from 193rd to 21st place ahead of Trump's inauguration. However, due to potential delays on the Solana network, transfers, deposits, and withdrawals of TRUMP tokens may be affected. Users need to ensure that they only transfer through the Solana network, otherwise, funds may be lost.

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Analysis

Coinbase has announced that it will add support for the TRUMP token, an SPL token, on the Solana network. Users are required to ensure that they transfer funds only through the Solana network, otherwise funds may be lost. Transfers of the token are currently open in regions where trading is supported, but due to potential delays on the Solana network, transfers, deposits, and withdrawals of the TRUMP token may be affected. Coinbase International Exchange and Coinbase Advanced will add support for official TRUMP perpetual futures, with the TRUMP-PERP market opening at or after 11:30 PM UTC on January 20, 2025. In addition, the Coinbase app jumped from 193rd to 21st in the Apple US App Store rankings prior to President Trump's inauguration, indicating a surge in interest in the cryptocurrency space.

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Coinbase will list the TRUMP token and support trading on the Solana network, but users must ensure that they only transfer funds through the Solana network, otherwise funds may be lost.

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Coinbase will list TRUMP perpetual futures contracts and offer trading on Coinbase International Exchange and Coinbase Advanced.

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Trump's memecoin could launch in 2025 and potentially become the most popular financial app in the US App Store.

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The listing of the TRUMP token on Coinbase could lead to a surge in interest in the cryptocurrency space and drive the Coinbase app to the top of the Apple US App Store rankings.

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