Coinbase, the largest cryptocurrency exchange in the United States, announced that it will list PancakeSwap, Brett (Based) and ai16z altcoins in futures.
PancakeSwap (CAKE) is known as a decentralized exchange operating specifically on the Binance Smart Chain (BSC) network, and CAKE is the token that allows token holders to participate in the management of this exchange. It was a surprise that this token, which is closely related to Binance, was listed on Coinbase.
On the other hand, BRETT is known as a memecoin operating on the Base network. The futures listing did not cause a significant reaction in the token’s price.
Finally, ai16z is also known as a memecoin running on the Solana network. The altcoin, which is not listed on Binance, has a market value of $323 million.
*This is not investment advice.
