Coinbase, the largest exchange in the U.S. by trading volume, has announced the upcoming listing of a new altcoin, EigenLayer (EIGEN). The official listing is scheduled for tomorrow, as recently added to the exchange’s listing roadmap. This announcement raises questions about the implications and expectations surrounding the new token.
Details of the EigenLayer (EIGEN) Listing
In a brief announcement, Coinbase confirmed that EigenLayer would be listed on the Ethereum 
$2,374 network. The listing is set to occur tomorrow at 09:00 PT. Several centralized cryptocurrency exchanges have been making similar announcements over the past few days, and some have already conducted pre-market listings, with the token currently trading at $4.10. The price is expected to fluctuate further following mass listing.
Investor Precautions and Trading Initiation
There are only 13 hours left until the Binance listing. In its announcement, Coinbase also shared the contract number to alert users about potential fraudulent tokens. The platform warns: “Coinbase will support EigenLayer (EIGEN) on the Ethereum network (ERC-20 Token). Do not send this asset through other networks, or you risk losing your funds.”
If liquidity conditions are met, trading is set to begin on October 1, 2024, at 09:00 PT or thereafter. The trading of EIGEN-USD will commence gradually once sufficient supply is established. However, support for EIGEN may be restricted in some jurisdictions.
