#Coinbase lists TRUMP token#

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Coinbase has announced it will add support for the TRUMP token, former President Donald Trump's official memecoin, on the Solana network. Coinbase will open transfers for the TRUMP token in regions where trading is supported, but transfers, deposits, and withdrawals may be affected due to potential delays on the Solana network. Additionally, Coinbase International Exchange and Coinbase Advanced will add support for TRUMP perpetual futures, with the market opening on or after 11:30 PM UTC on January 20, 2025. The news has sparked interest in the cryptocurrency realm, with the Coinbase app surging in the Apple US App Store rankings.

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Analysis

Coinbase has announced it will support the TRUMP token (SPL token) on the Solana network and add it to its trading platform. Trading of the token will be open in regions that support trading, but users need to ensure that transfers are only made through the Solana network, otherwise funds may be lost. Coinbase will also launch TRUMP perpetual futures contracts, which will open at or after 11:30 PM UTC on January 20, 2025. In addition, the Coinbase app's ranking in the US app store surged before President Trump's inauguration, indicating a surge in interest in the cryptocurrency space. Some analysts believe that Coinbase's launch of the TRUMP token is one of its strategies to attract more users and expand its market share. However, some analysts have pointed out that the value of the TRUMP token is controversial, its price fluctuations may be large, and investors need to invest cautiously.

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Coinbase will launch the TRUMP token and support trading on the Solana network.

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The launch of the TRUMP token has sparked interest in cryptocurrency, and the Coinbase app has climbed significantly in the Apple US App Store rankings.

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The launch of the TRUMP token has also sparked interest in memecoin, with Moonshot becoming the number one financial app in the US App Store.

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Some trading platforms, such as Bybit, have also begun listing tokens related to TRUMP, such as MELANIAUSDT perpetual contracts.

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