Coinbase, Binance Plan to List Donald Trump's Official TRUMP Token After Its Phenomenal Debut

The ‘official’ memecoin of the 2nd Donald Trump medication volition beryllium listed connected large cryptocurrency exchanges including Coinbase and Binance, according to announcements from the companies.

Coinbase posted connected Sunday that it plans to database the TRUMP token. The announcement came via its Coinbase Assets X account, which provides accusation connected caller assets, nevertheless the speech did not supply a factual timeline for listing.

Binance said it plans to unfastened trading for the TRUMP token connected the the greeting of Jan. 19. The token is already trading connected galore different centralized exchanges, specified arsenic Bitget, KuCoin and Kraken according to CoinGecko.

On-chain information shows that the token has a marketplace headdress of conscionable implicit $7.6 billion, and trading measurement of astir $15 billion.

While galore of the largest crypto exchanges person eagerly embraced Trump’s authoritative memecoin, the archetypal Trump-themed token, 1 of the archetypal Political Finance (PoliFi) tokens, had occupation getting listed connected exchanges.

As CoinDesk reported earlier this year, ByBit and OKX rejected the team’s exertion to database the token fixed concerns astir the task being excessively political. Kraken did not respond to their exertion to list, and would not sermon the substance connected the record.

The archetypal Trump token, the Ethereum-based MAGA, is down 84% from its June precocious of $17.80, according to CoinGecko, but continues to beryllium actively traded.

MAGA dumped hard aft the motorboat of the officialTrump token, falling from $3.50 to $1.44 implicit the play with its marketplace headdress declining from $158 cardinal to $64 million. The token has dilatory recovered aft the archetypal autumn apt owed to wide involvement successful Trump-themed tokens connected the eve of the inauguration.

The tokenomics of TRUMP person been criticized by galore online, who person pointed retired that 80% of the token proviso is controlled by wallets owned by CIC Digital.

CIC Digital LLC is the Trump Organization affiliated steadfast that launched Trump Non Fungible Tokens (NFTs) successful 2023. Data from OpenSea shows that there’s a 2nd question of involvement successful these NFTs with implicit 2,800 income successful the past 24 hours worthy implicit 765 ETH ($2.5 million).