Coinbase is eyeing meme coin listings under the Trump administration, says Coinbase CEO

Key receivers

Coinbase plans to expand its token listings, including memecoins, in an expected favorable regulatory environment with the Trump administration. The exchange is expanding its revenue streams beyond trading to include staking and stable coin revenue.

Share this article

Coinbase is looking to add support for more smaller tokens, including meme coins, as the company anticipates a more favorable regulatory environment under the incoming Trump administration.

In a recent interview with Bloomberg, Coinbase's VP of International Policy Tom Duff Gordon said the exchange plans to expand its offerings once clear guidelines for the crypto sector are developed.

Regulatory transparency allows Coinbase to participate in projects and tokens that “they have not been able to provide to Americans,” Gordon said.

“We're talking more about some smaller tokens, some meme coin tokens,” he added.

Coinbase is facing regulatory hurdles from the SEC regarding its operations and listed crypto assets. The Commission alleges that it exchanged trading services for 13 tokens considered securities without proper registration, including SOL, ADA and MATIC.

Crypto companies targeted by the securities regulator include Binance, Kraken, Gemini and Ripple Labs to name a few. The current administration is considered hostile to the industry.

Trump promised in May to end his hostility to crypto and promote a more supportive environment for businesses in the US. The support for the industry is expected to ease the friction between the regulator and crypto companies.

Coinbase has expanded its operations globally and launched an initial exchange in Bermuda in response to regulatory challenges in the US. According to Gordon, diversification is important to reduce dependence on US trade income.

However, the US is still the company's “very important market,” Gordon said. “It's where we employ most of our staff. That's where we have a lot of our users.”

Coinbase, once chosen for listing meme tokens, has expanded its offerings to include more popular options.

While the platform previously focused on managing meme coins such as Dogecoin and Bonk, it recently added Pepe, Dogwhiphat and Floki Inu to the list. These listings led to a particularly dramatic price increase for Pepe's PEPE token, which jumped 50% following the announcement.

Share this article