#Coinbase Lists Trump Token#

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Overview

Coinbase announced that it will support the Trump token (TRUMP), an SPL token, on the Solana network. Users need to ensure that they only transfer through the Solana network, otherwise funds may be lost. The token is currently open for transfers in supported regions, but transfers, deposits, and withdrawals of TRUMP tokens may be affected due to potential delays on the Solana network. Coinbase will also add support for official TRUMP perpetual futures on Coinbase International Exchange and Coinbase Advanced, with the market opening at or after 11:30 PM UTC on January 20, 2025. Additionally, the Coinbase app's ranking in the US App Store saw a significant surge ahead of President Trump's inauguration, suggesting a surge in interest in the cryptocurrency space.

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Analysis

Coinbase has announced support for the Trump Token (TRUMP), an SPL token, on the Solana network. Users are advised to ensure that transfers are made only through the Solana network, as funds may be lost otherwise. Transfers are currently open in supported regions, but TRUMP token transfers, deposits, and withdrawals may be affected due to potential delays on the Solana network. Coinbase will also add support for TRUMP perpetual futures, with the market opening at or after 11:30 PM UTC on January 20, 2025. Additionally, the Coinbase app's ranking on the Apple US App Store surged ahead of Trump's inauguration, indicating a surge in interest in the cryptocurrency space.

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Coinbase will list the Trump token and add it to its listing roadmap.

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The token will be launched on the Solana network as an SPL token, users need to ensure that they only transfer 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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The launch of the Trump token has sparked interest in the cryptocurrency space, and the Coinbase app has seen a significant rise in rankings on the Apple US App Store.

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