Coinbase, one of the major cryptocurrency exchanges, has officially included Ethena's native Token ENA in its listing roadmap.
This announcement increased the price of ENA by 8.6% during early Asian trading on Tuesday.
Coinbase Adds ENA to Listing Roadmap
In a statement shared on X (formerly Twitter), Coinbase Assets confirmed the inclusion of Ethena (ENA). The post specified the Token's ERC-20 contract address as 0x57e114B691Db790C35207b2e685D4A43181e6061.
Assets added to the roadmap today: Ethena (ENA)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) June 2, 2025
However, the exchange stated that the start of ENA trading will depend on specific conditions. This includes increased market-making support and appropriate technical infrastructure development.
Coinbase mentioned that it will make a separate announcement to ensure smooth integration for traders once these requirements are met. ENA is now included in Coinbase's listing roadmap along with QCAD(QCAD), but this list is not comprehensive.
"Transfers and trading of this asset or other assets will not be supported until officially listed. Depositing such assets into a Coinbase account before an official announcement may lead to permanent loss of funds," the exchange stated.
Following this news, ENA's price rose from $0.312 to a high of $0.338, recording an 8.6% increase. However, the rise from this announcement soon disappeared. According to BeInCrypto data, at the time of writing, ENA had dropped to $0.329.
ENA's trading volume also surged, reaching $254 million in the past 24 hours, representing a 91.7% increase. This indicates heightened market activity and investor interest.
The observed activity is similar to previous Coinbase roadmap announcements. Such news often leads to price increases. However, despite the general trend, ENA's rise was relatively modest compared to other assets like TokenBot (CLANKER), doginme (DOGINME), or Freysa AI (FAI).
Coinbase's announcement coincides with a critical moment for Ethena. Early Monday, approximately 40 million ENA Tokens were unlocked, valued at around $12 million, raising concerns about potential selling.
Contrary to expectations, the Token remained stable. BeInCrypto emphasized that ENA only dropped by 1% after the unlock.
