Coinbase, one of the leading cryptocurrency exchanges, has announced that it will add Bio Protocol (Bio) and Euler (EUL) to its asset list roadmap.
The announcement posted on X sparked a significant market response as both assets have experienced significant price increases.
Bio Protocol and Euler will take part in Coinbase’s listing roadmap
Exchange has notified users that launching bio and EUL transactions is subject to market support and adequate technology infrastructure. Coinbase will provide individual announcements once these conditions are met. This is a standard procedure for managing expectations and reducing user risk.
It also warned that the official list could potentially deposit these assets before losing permanent funds. Meanwhile, Bio, an Ethereum-based ERC-20 token with contract addresses, quickly surged following the news at 0xcb1592591996765ec00efc1f925999a19767ee5ffa.
The token price rose from $0.0612 to $0.0669, showing an increase of 9.31%. The upward trend continued. Additionally, at the time of this report, Bio had been trading at $0.0733, reflecting its profit of 18.99% since its release.
Another ERC-20 token using EUL, contract address 0xD9FCD98C322942075A5C3860693E9F4F03AAE07B experienced even sharper initial spikes.
The token jumped from $13.51 to $16.50, and quickly surged after its issuance. This represents an increase of 22.22%. However, Eul quickly poured out most of its profits, stabilizing at $13.52 per press time.
This development follows a consistent pattern of updates to the Coinbase roadmap that drives significant price movements. On July 25th, the exchange added Research Coin (RSC) to its roadmap, causing a price surge of around 82%.
Earlier last week, Coinbase reported similar market responses, including Bankrcoin (BNKR), Jito Staked Sol (Jitosol) and Metaplex (MPLX) on its roadmap. In particular, the exchange quickly listed Jitosol and MPLX. However, no BNKR transactions have been announced yet.
The current roadmap includes QCAD (QCAD), Bio, EUL, BNKR and RSC.
“This is not an exhaustive list of all the assets we have decided to list. Assets not referenced in the above list do not exclude such assets from the potential list,” Coinbase said.
The exchange also highlighted that assets could be delayed, removed or removed from list considerations due to a variety of factors. Therefore, the roadmap must not be relied on as a guarantee or promise of the listing.
Cave Baingence (c) List
In particular, Coinbase is not the only exchange that affects prices. The Korean exchange is also an important factor in price movements. For example, in today’s official announcement, Bithumb revealed that it will list Chainbase(c).
In the aftermath of this news, prices quickly rose by around 26.03%, up from $0.365 to $0.465. At the time of the latest update, Altcoin was trading at $0.404, reflecting its profit of 11.3%.
Chain-based (c) Price performance. Source: TradingView
The exchange confirmed that C’s trading will begin at 5pm KST on July 29th, and AltCoin is now available for trading with South Korea WON (KRW). The base price is set at 526 KRW.