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Coinbase, the largest exchange in the United States by volume, has recently announced exciting news regarding the listing of three distinct altcoins. The exchange initially adds these altcoins to its roadmap before listing them to minimize volatility triggered by the listings. Today’s announcement revealed that three more altcoins have been included in this roadmap. Here are the details of the latest altcoin listing news.
Altcoin Listing Updates
According to the announcement by Coinbase, BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX) have been added to the listing roadmap. These altcoins are under review by the Coinbase team and have a high probability of being listed. Once such announcements are made, investors usually notice the listings happening within a week’s time.
There are several instances where, if these altcoins are added only for procedural purposes, listings have been observed within 24 hours. This swift procedure can often lead to significant market reactions impacting the altcoins involved.
JITOSOL is directly indexed to the price of SOL Coin, yet there hasn’t been any notable increase seen in Solana 
$198 (SOL) itself. BNKR, on the other hand, is still in the process of entering major exchanges. This positions Metaplex (MPLX) as the only altcoin to benefit significantly from this news, with its price soaring by around 33% up to the critical threshold of $0.20. However, rapid profit-taking brought it back down to $0.16. With a descent that began approximately 11 hours ago, the price fell below $0.167, losing 20% in value. It has yet to permanently reclaim the critical support at $0.166, though the listing announcement could help secure this crucial support.
The latest update at 19:11 announced that Coinbase will offer futures trading listings for Caldera and SushiSwap. This development suggests a continued expansion in Coinbase’s offerings, potentially drawing increased traffic from traders and investors globally.
