Coinbase has announced the addition of its Spark (SPK) token to its trading platform and mobile apps. This is part of a broader strategy to expand the number of Ethereum-based assets on the platform.
Addition of Spark Token (SPK)
Coinbase has added Spark (SPK), an Ethereum-based token, to its trading platform and mobile apps. This token is now available with an ‘Experimental’ label on both iOS and Android versions of the app. This includes not only SPK but also other ERC-20 tokens such as PancakeSwap (CAKE), Lagrange (LA), and Ethena (ENA), which have also been added recently.
Launch of Futures Contracts for Spark and Resolv
Coinbase has also announced the launch of futures contracts for Spark (SPK-PERP) on Coinbase International Exchange and Coinbase Advanced. These new markets will be launched on June 19, 2025, after 9:30 a.m. UTC. The launch of futures for Resolv (RESOLV-PERP) is expected to start simultaneously. This step highlights Coinbase's efforts to expand into the derivatives market.
Plans for Tokenized Equities
Furthermore, Coinbase is working towards merging traditional finance with blockchain technology, seeking approval from the United States Securities and Exchange Commission to offer tokenized equities. These digital tokens would represent ownership of real shares and allow trading on blockchain platforms. Coinbase Chief Legal Officer Paul Grewal has stated that tokenized equities are a priority for the company. If the initiative is approved, Coinbase will compete with traditional brokerages.
The listing of the Spark token, the launch of new futures contracts, and plans for tokenized equities mark significant steps in the growth of Coinbase's platform. These initiatives underline the company's intention to expand its operations into both the crypto sphere and traditional financial markets.
