Coinbase announced plans to add PancakeSwap (CAKE) to its listing roadmap as of June 4, 2025, expanding its engagement with Binance Smart Chain tokens.
This move may enhance CAKE’s U.S. trading presence and liquidity, attracting traders to engage with PancakeSwap’s DeFi offerings via Coinbase.
Coinbase Expands Token Listings Beyond Ethereum
Coinbase’s decision to incorporate PancakeSwap (CAKE) signals a meaningful step towards expanding the platform’s repertoire of supported tokens. Historically, Coinbase has predominantly listed Ethereum-based tokens.
The addition of CAKE could enhance its exposure and drive liquidity, reflecting Coinbase’s growing acceptance of Binance Smart Chain’s native tokens. The listing was confirmed through official documentation on coinbase.com.
PancakeSwap’s Listing Potentially Boosts CAKE Price
The listing might drive up CAKE’s price, considering previous similar events often led to price surges. Enhanced trading volume and user engagement across Binance Chain and Coinbase could be anticipated.
Historically, new token listings on Coinbase have torpid similar market effects. The $8,453 biweekly airdrop campaign for Coinbase One members could also incentivize trading activities and liquidity boosts across PancakeSwap’s platforms.
“PancakeSwap is now one of the platforms offering onchain benefits for Coinbase One members. Coinbase One members must ensure that their verified wallet is connected to supported on-chain platforms like PancakeSwap to access these exclusive rewards.” PancakeSwap Blog, March 2025
Coinbase’s Non-Ethereum Tokens Show Price Growth
Previous non-Ethereum tokens added to Coinbase have seen price spikes and increased interest. March’s listing of CAKE perpetual futures led to a 3.5% price jump and noteworthy trading activity.
Experts indicate the favorable trend for CAKE’s market presence will persist. Analysts suggest that enhanced staking yields and cross-chain capabilities on Coinbase further increase CAKE’s competitive viability in decentralized finance ecosystems.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
