Renowned U.S.-based crypto trading platform Coinbase is once again looking to expand its crypto offerings, focusing solely on residents in Germany.
On Friday, the exchange announced via an X post the addition of two new crypto assets for users in the German region.
While the exchange is known for its continued efforts to regularly update its listings, the move aligns with its goal to provide users with an exclusive trading experience and a wide range of crypto options.
Popcat (POPCAT) and Subsquid (SQD) now in Germany
Earlier this month, Coinbase unveiled the listing of three new tokens for users in supported regions. These tokens include PancakeSwap (CAKE), Subsquid (SQD), and Fartcoin (FARTCOIN), which became available on the Coinbase platform and in the Coinbase iOS and Android apps, allowing users to buy, sell, convert, send, receive, or store these assets.
However, it appears not all recently listed tokens were available to German users. The exchange has now announced that Subsquid (SQD) will now be available in Germany.
In addition, Coinbase has added support for Popcat (SOL) (POPCAT). Following the listing of both tokens in Germany, Coinbase users residing in the specified region can log in to buy, sell, convert, send, receive, or store these assets via the official Coinbase website or its iOS and Android apps.
While trading for the newly added tokens might not automatically appear for all users, the exchange encouraged users to refresh their application to access trading services for the new tokens.
Notably, Coinbase’s decision to enhance its crypto offerings highlights the exchange’s commitment to providing diverse trading opportunities and expanding its global presence.
Although the development may attract more users to Coinbase, it also gives the listed crypto projects broader recognition, potentially impacting their price performance in the long term.
Despite the significance of the listings, they came at a time when the market was struggling to recover, with major cryptocurrencies trading in the red. The newly listed tokens were also trading negatively, despite the major update.
This implies that their listings on Coinbase Germany have yet to directly impact their current price movements, as data from CoinMarketCap shows POPCAT and Subsquid have recorded notable price declines of 5.06% and 2.06% over the last 24 hours, respectively.
