Coinbase, the leading cryptocurrency exchange, announced today the introduction of two new altcoins to its platform. The exchange revealed that it will add support for spot trading for Plume (PLUME) and Jupiter (JUPITER).
The announcement triggered increased market activity and volatility for both tokens as traders reacted to Coinbase's latest additions.
Coinbase reveals new cryptocurrency listings
In an official post on platform X, Coinbase Markets noted that the PLUME-USD and JUPITER-USD pairs will be active at 9:00 AM Pacific Time (PT) or later. This depends on the provision of sufficient liquidity. The exchange added that trading will only commence in regions where it is supported. In the announcement, the exchange stated:
"Plume (PLUME) and Jupiter (JUPITER) will be available on coinbase.com, in the Coinbase app, and on Coinbase Advanced. Institutions can access Plume (PLUME) and Jupiter (JUPITER) directly through Coinbase Exchange."
Meanwhile, to ensure the safety of users, Coinbase also published the official contract addresses for each token. The exchange warned that transfers on unsupported networks could result in permanent loss of funds.
Plume (PLUME) is an ERC-20 token on Ethereum, using the address 0x4C1746A800D224393fE2470C70A35717eD4eA5F1.
Jupiter (JUPITER) is an SPL token with the address JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN.
The listing followed a detailed assessment that included legal, technical, and market criteria. These included trading volume and market capitalization. According to Coinbase's official guidelines, the exchange employs a merit-based evaluation.
How have the prices of PLUME and JUP changed after the news of the exchange listing?
Both tokens experienced price volatility following the announcement. Plume Network is a permissionless layer-1 blockchain built to support real-world assets (RWA). The EVM-compatible platform powers decentralized finance services, including staking, lending, swaps, and loop strategies.
Meanwhile, PLUME rose by 7% following the news of its listing on Coinbase, adding to the momentum generated by its debut on Upbit. The report showed that the listing on Upbit on November 26 triggered a price jump of 45%, signaling strong demand for the asset in Asia.
Meanwhile, Jupiter is a decentralized exchange aggregator on Solana, conducting transactions across various liquidity pools to secure the best prices. Its native token JUP initially saw slight gains but lost them and continued to decline. At the time of writing, its price was $0.223, representing a decrease of 2.37% since Coinbase's announcement.
Additionally, the exchange has also added Theoriq (THQ), a modular base layer AI agent, to its listing roadmap. This move demonstrates ongoing expansion into more blockchain segments. Coinbase added:
"The launch of trading for these assets depends on market support and sufficient technical infrastructure. We will announce the launch of trading separately when these conditions are met."
Theoriq has now joined assets such as Humidifi (WET), zkPass (ZKP), Hyperlane (HYPER), Sentient (SENT), and others that are also part of the roadmap.
Listings on Coinbase traditionally increase project visibility and attract new capital, but they do not always guarantee sustained increases. The case of PLUME demonstrates the power of the exchange effect, while JUP reminds that the market quickly verifies expectations. For investors, it remains crucial to track liquidity, volume, and the further development of both projects post-debut.
To read the latest cryptocurrency market analysis from BeInCrypto, click here.
