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Coinbase recently announced that it will list a new altcoin. Assets added to its roadmap are quickly set to begin trading on the platform. Despite ongoing litigation with the SEC, Coinbase continues to list assets that carry significant risks of being classified as securities. The SEC has weakened its credibility with companies through its unreasonable arguments.
Latest Altcoin Listing Update
According to the exchange’s announcement, the IO Token, which operates on the Solana 
$179 network as an SPL Token (similar to Ethereum 
$2,649‘s ERC20 standard), will be listed. The listing is targeted to occur tomorrow, contingent upon the necessary liquidity conditions being met. To protect investors from potential fake tokens, Coinbase has shared the contract address for the listed token.
“If liquidity conditions are met, trading will commence on October 9, 2024. Once sufficient supply is ensured, trading will gradually begin with the IO-USD trading pair. Support for IO may be restricted in certain jurisdictions.
The contract address for ionet (IO) on the Solana network (SPL token) is BZLbGTNCSFfoth2GYDtwr7e4imWzpR5jqcUuGEwr646K.”
Following the announcement, the price of the IO Token surged by 7%. As of the time of writing, it continues to find buyers above $1.86.
