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Major crypto exchange Coinbase has expanded the roster of Ethereum-based crypto assets on its platform, announcing a new listing.
In a recent tweet, Coinbase announced the listing of Spark (SPK) — an Ethereum-based crypto asset — on its platform. The newly listed token is currently available on Coinbase as well as the Coinbase iOS and Android mobile apps, with the "Experimental" label.
In similar news, Coinbase stated it will add support for new assets, including Spark perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of the SPK-PERP markets will begin on or after 9:30 a.m. UTC on June 19, 2025.
This month, Coinbase has added support for tokens based on the Ethereum network (ERC-20 tokens), including PancakeSwap (CAKE), Lagrange (LA) and Ethena (ENA).
Ethena (ENA) is available on Coinbase, in the Coinbase iOS and Android apps, allowing users to buy, sell, convert, send, receive or store the crypto asset.
In other announcements, Coinbase will add support for Resolv perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our RESOLV-PERP market will begin on or after 9:30 a.m. UTC on June 19.
Coinbase reveals plan for blockchain-based stocks
According to Reuters, Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer "tokenized equities" to its users. Tokenizing equities is the process of converting a company's shares into a digital token, similar to how cryptocurrencies are traded. Rather than holding the securities directly, investors hold tokens that reflect ownership of them.
The concept is a "huge priority," said Paul Grewal, Coinbase's chief legal officer, as tokenized equities are currently not available for trading in the United States.
If granted, the move will enable Coinbase to essentially offer stock trading via blockchain technology, putting it in direct rivalry with retail brokerages such as Robinhood and Charles Schwab, as well as opening up a new business segment for Coinbase.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team