Coinbase Hopes To List More Meme Coins During Trump Presidency: Bloomberg

Leading US crypto exchange Coinbase hopes to list more meme coins on its platform during the pro-crypto presidency of Donald Trump.

That’s according to a Bloomberg report that cites Tom Duff Gordon, vice president of international policy, as saying the firm wants to add smaller projects, including meme coins, to its list of tradable assets.

This is something Coinbase, along with other US companies, have been unable to do because the Securities and Exchange Commission (SEC) currently sees the majority of crypto tokens as securities.

Coinbase To Offer Americans More Services Once The Trump Administration Clarifies Digital Asset Plans

The company also launched a derivatives market in Bermuda to get in on the high volumes in the region. Coinbase decided to rely on more-predictable businesses other than its trading revenue as well, according to the Bloomberg report.

Regardless of its focus outside of the US, Coinbase says the US will remain one of the company’s “most important markets” because it’s where the exchange employs most of its staff, and is where most of the platform’s users are, the Bloomberg report added.

Meme Coins Soar Over 6%, Presales Poised To Benefit

The collective capitalization for the meme coin market pumped more than 6% in the last 24 hours, taking the market’s valuation to $126.93 billion.

Coinbase’s aim to list more meme coins under the upcoming Trump presidency is great news for presale meme coins, as well as newly-listed, high-potential meme coins.

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