Coinbase 2024 List of Memecoin Projects

Author: Aunt Ai Source: X, @ai_9684xtpa

Coinbase has added 34 tokens to its listing roadmap this year, of which only 7 are Meme, accounting for 20.58%, and as many as 71% of the tokens have a market value of more than 500 million US dollars. Compared with Binance, what are the differences in Coinbase's listing frequency/coin selection style/coin listing effect? ​​What about the listing rules and network distribution?

1. Written in front

Market value before announcement: The market value is calculated based on the closing price of the day before the release of the coin listing roadmap tweet. Statistical caliber: Only the coin listing situation of Coinbase is shown, and the international site is not included (the international site is only for institutions outside the United States, and retail investors cannot participate, so the reference here is not very meaningful)

2. Time distribution

Since 2024, Coinbase has added a total of 34 tokens to the coin listing roadmap. Among them, Memecoin’s launch is mainly concentrated after October, with 7 intensive listings. This time point is basically the same as that of Binance, which happens to be the period when the copycat track is sluggish and the local dog track is booming. For reference, Binance has launched a total of 14 Memecoins since October.

3. Network Distribution

Compared to Binance, where more than 60% of the memes listed are distributed on Solana, Coinbase’s preference for Solana is not obvious: Ethereum mainnet tokens account for 57%, Solana and Base each account for 28.6%, and there is also a BSC network (some tokens are deployed on both networks at the same time, so the proportions overlap)

4. Coin Listing Rules

1. The market value of all listed tokens exceeds 100 million US dollars, and even 71% exceeds 500 million US dollars. At present, there seems to be no situation like Binance listing NEIRO / ACT, a small-cap token

2. To a certain extent, the listing standards of Binance are referred to. Except for the earliest DEGEN, the rest of the memes are listed. The launch time is later than Binance, and there is at least one month between them.

3. The attitude is relatively cautious. Except for MOODENG, which is a recent newcomer, the other launched tokens are "old faces" and have been verified by the market and the community for quite a long time. This shows that Coinbase is conservative about launching Memecoin.

5. Horizontal comparison with Binance

Coin listing frequency: Since October, Binance has listed twice as many Memecoins as Coinbase, with a much higher frequency

Coin listing style: Binance’s attitude towards the Memecoin track is obviously more positive and open, and it will actively embrace new tokens with high community popularity, even if their market value is lower

Coin listing effect: In terms of proportion, Coinbase’s short-term coin listing effect is obviously inferior to Binance, mainly because the market value of the tokens selected by the former is already very high, and the buying stimulus brought by the listing benefits is limited. Unless multiple benefits are superimposed or the funds behind it cooperate, it can bring a significant increase, such as $PEPE.

Conclusion

From the perspective of pull effect and enhanced liquidity, Memecoin's listing on Coinbase is not as effective as listing on Binance or Upbit, but the "brand effect of being listed on the largest compliant exchange in the United States" may bring stronger long-tail value.