Coinbase Adds WalletConnect Token to Listing Roadmap Boosting Institutional Interest

Coinbase has announced that it will add the WalletConnect Token (WCT) to its asset listing roadmap, a move that signals increased institutional interest in the token and broader recognition of its role in the decentralized finance (DeFi) ecosystem [1]. The decision comes at a time when WCT has demonstrated strong market performance, with recent data showing over 2.97% gains in the Korean market [4]. The inclusion of WCT by Coinbase is expected to enhance its visibility and liquidity, potentially attracting both retail and institutional investors.

WCT’s addition to the listing roadmap underscores the token’s growing utility, particularly in governance and staking functions. Holders of WCT can now participate in protocol governance through staking and voting on key developments, a feature highlighted in recent discussions on Binance Square [3]. This reflects a broader trend in the crypto industry toward tokenized governance models, which aim to decentralize decision-making and foster greater community engagement.

While the listing is still pending, analysts have weighed in on WCT’s potential future trajectory. One forecast from an independent analyst suggests that WCT could reach $0.3217 by the end of 2025, assuming current trends and adoption rates continue [1]. It is important to note that this is a forward-looking projection and not a guarantee, as market conditions remain volatile and subject to external influences. The recent 48.48% increase in a derivative product tied to WCT—specifically BANANAS31USDT—also highlights the token’s speculative appeal [2].

Coinbase’s decision to include WCT is part of a broader strategy to expand its digital asset portfolio and tap into emerging market opportunities. The move may encourage other major exchanges to follow suit, thereby increasing WCT’s exposure and adoption. However, it is crucial to differentiate between actual performance data and analyst forecasts when assessing the token’s potential.

This development marks a significant milestone for the WalletConnect protocol and its native token. By listing WCT, Coinbase is demonstrating its commitment to supporting innovative protocols with strong use cases and growing user adoption. As the crypto market continues to evolve, the inclusion of tokens like WCT may reflect the industry’s shift toward more decentralized and community-driven governance structures.

Source:

[1] Bitget – WalletConnect Token (WCT) price Prediction (https://www.bitget.com/price/walletconnect-token/price-prediction)

[2] Binance – BANANAS31USDT – Futures Outlook (https://www.binance.com/en/square/post/28164423650362)

[3] Binance Square – Crypto Universe official's Profile (https://www.binance.com/en/square/profile/cryptounivrse)

[4] stoone.co.kr – 코인목록 (http://www.stoone.co.kr/app/market/)