Coinbase, the largest US-based crypto exchange, announced the addition of Toshi (TOSHI) to its listing roadmap. This news sent TOSHI's price soaring nearly 70% before profit-taking kicked in.
TOSHI, a token built on the Base network, joins QCAD and Peanut the Squirrel on Coinbase's listing roadmap. The exchange emphasized that its listing decisions are based on rigorous legal, compliance, and technical security evaluations, independent of market cap or popularity.
The surge in TOSHI's price is attributed to several factors, including increased liquidity expectations, enhanced accessibility, and increased credibility following a Coinbase listing.
Coinbase will likely apply an "experimental" label to TOSHI upon listing, a measure designed to protect investors from the volatility associated with newly listed assets.
This development highlights the growing interest in Base and the tokens built on its ecosystem.
January 2025, Cryptoniteuae