Coinbase plans to list more meme coins amid regulatory optimism

According to Tom Duff Gordon, vice president of Coinbase, the exchange will probably be able to provide services for smaller cryptocurrency tokens, such as meme coins. Because of his pro-crypto position, the executive expects industry expansion and regulatory certainty under Donald Trump’s administration.

The SEC has accused Coinbase of running an unregistered securities exchange, among other legal challenges. The bitcoin industry is excited about Donald Trump’s anticipated return to the White House, particularly at Coinbase, the biggest cryptocurrency exchange based in the United States. The platform is hopeful that further token listings, particularly well-known meme coins, may result from the incoming administration’s emphasis on regulatory clarity.

Coinbase’s VP of International Policy, Tom Duff Gordon, talked about the company’s plan to grow its product line in an interview with Bloomberg.”Coinbase will have more opportunities to engage with projects and tokens that were previously inaccessible once the Trump administration provides clearer details about its plans for the digital-asset sector,” he stated.

Trump’s win ignites a resurgence in cryptocurrency markets
Expectations that Donald Trump will enact laws that encourage cryptocurrencies have caused the cryptocurrency market to increase sharply. Trump’s idea for a strategic Bitcoin store and his pledge to appoint regulators who are amenable to cryptocurrency represent significant shifts from the previous administration’s harsh stance.

Smaller tokens like meme coins, which are still quite popular in spite of more stringent regulations, will be included to Coinbase’s listings.

Despite being a popular platform for popular cryptocurrencies like Ethereum, Coinbase finds it difficult to expand the number of tokens available. By designating a number of cryptocurrencies as securities, US authorities—particularly the Securities and Exchange Commission (SEC)—have created serious legal issues and posed a serious risk. The SEC is suing Coinbase for operating as an unregistered securities exchange and offering staking services in an improper manner.

To reduce its dependence on the volatile US market, Coinbase is broadening its business. The business opened a global platform in 38 countries in 2023, including important markets like France, Singapore, and Australia. In order to gain access to foreign trading markets with significant volume, it also established a derivatives exchange in Bermuda.