Coinbase Boosts MORPHO Token 9.6% Ahead of February 27 Listing

Coinbase, a leading cryptocurrency exchange, has announced the listing of Morpho Token (MORPHO) on both the Ethereum and Base networks, with trading set to commence on February 27, 2025. The news has sparked a 9.6% increase in the token's price over the past 24 hours, according to CoinGecko data.

The listing of MORPHO follows Coinbase's February 7 announcement, which added the token to its listing roadmap alongside Pudgy Penguins (PENGU) and POPCAT. Morpho Token is a DeFi token designed to facilitate cross-chain asset transfers and enable participation in decentralized exchanges and other DeFi platforms.

Trading for MORPHO will commence on or after 9 AM PT on February 27, 2025, subject to sufficient liquidity conditions. The listing is expected to provide investors with greater access to the token and potentially drive further growth in its value.

The cryptocurrency market has seen increased interest in DeFi tokens, which have the potential to revolutionize the way financial services are provided. As the market continues to evolve, exchanges like coinbase play a crucial role in providing access to these innovative assets.