The post Coinbase Announces EigenLayer Listing, Grand Debut Ahead? appeared on BitcoinEthereumNews.com.

Coinbase, a popular crypto exchange in the U.S., has officially announced the upcoming listing of EigenLayer (EIGEN), an Ethereum-based altcoin. The listing is set to take place on October 1, 2024, at 09:00 PT, as revealed in the exchange’s latest listing roadmap update. Moreover, Binance also confirmed listing the token on its platform on the same date with the “Seed” tag applied. Coinbase Adds Support for EigenLayer In a post on X, the exchange confirmed that the ERC-20 token on Ethereum, EigenLayer, will be listed on its platform . The crypto exchange has emphasized the importance of caution, alerting users to the specific contract number to prevent transactions involving fraudulent tokens. The exchange stated, “Coinbase will support EigenLayer (EIGEN) on the Ethereum network (ERC-20 Token). Do not send this asset through other networks, or you risk losing your funds.” It added, “Transfers for this asset are available on Coinbase & Coinbase International Exchange in the regions where trading is supported.” Coinbase will add support for EigenLayer (EIGEN) on the Ethereum network (ERC-20 Token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported. — Coinbase Assets 🛡️ (@CoinbaseAssets) September 30, 2024 Currently trading at approximately $4.10, the EIGEN price is expected to experience significant fluctuations following its mass listing. The latest announcement aligns with a recent trend among centralized exchanges, many of which have been making similar listings. As the market anticipates EigenLayer’s introduction, traders are keenly observing liquidity conditions, which are essential for the effective commencement of trading. Once sufficient supply is established, trading of EIGEN-USD will begin gradually. EIGEN Stakedrop Details The listing also coincides with EigenLayer’s ongoing second phase of airdrops, termed the “stakedrop,” launched on…

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Filed under: News - @ September 30, 2024 5:25 pm