Coinbase recently announced the listing of memecoins Popcat (POPCAT) and Pudgy Penguins (PENGU), both operating on the Solana network. These tokens stand out amid the increasing interest in memecoins by cryptocurrency exchanges.
New Tokens Listing on Coinbase
Coinbase has listed Popcat (POPCAT) and Pudgy Penguins (PENGU) on its trading platform. These tokens were recently added, along with the MORPHO coin, to the planned listing. These tokens are starting to be traded on the spot market shortly after being announced.
Solana's Role in Memecoins Development
Both memecoins, Popcat and Pudgy Penguins, operate on the Solana network, known for its high performance and low transaction fees. This choice ensures effective and fast operation of the tokens, which are popular due to their high trading activity and consequently significant commission income.
Changes in Listing Policies on Crypto Exchanges
Binance founder Changpeng Zhao recently stated that centralized exchanges should aim to list as many tokens as decentralized exchanges do. This was a surprising announcement considering his previous conservative approach to token listings.
The popularity of memecoins continues to rise, and their inclusion on major platforms like Coinbase promotes their further propagation. This is linked to the growing demand for high-liquidity tokens and changing exchange strategies regarding their listings.
