On July 3, 2025, Coinbase announced the addition of cryptocurrencies Sky and USDS to their listing roadmap, affecting liquidity and trading volumes in the market.
Coinbase Listing Expansion
Coinbase, a major US-based cryptocurrency exchange, updated its coin listing roadmap to include Sky (SKY) and USDS (USDS). This announcement, published on July 2, 2025, was shared directly through Coinbase's official Twitter handle. The exchange expects trading for these assets to commence based on liquidity and technical criteria. Sky and USDS project teams have not commented on this new listing on their public platforms.
Sky Market Dynamics and Trading Trends
Sky, currently priced at $0.08, holds a market cap of approximately $1.77 billion, commanding a market dominance of 0.05%, according to the latest figures. Its 24-hour trading volume is at $8.21 million, marking a notable rise of 105.91%. Prices witnessed a 6.43% change over the past day, hinting at short-term volatility. Over a three-month period, Sky’s value increased by 51.28%, reflecting substantial growth.
Market Impact and Liquidity
It is noteworthy that previous stablecoin listings on Coinbase historically triggered short-term surges in trading volumes and affected liquidity among other stablecoin pairs. The inclusion of Sky and USDS on Coinbase can potentially drive notable changes in market behavior. Historical trends indicate liquidity rotations and increased adoption for new listings.
Thus, the addition of Sky and USDS to Coinbase’s listing could lead to changes in liquidity and trading volumes in the market, which should be taken into account by both traders and investors.
