Coinbase Expands Altcoin Horizon: Morpho, Popcat, Pudgy Penguins Next

Top US crypto exchange Coinbase has added three new altcoins to its listing roadmap, potentially paving the way for these tokens to be traded on the platform in the near future. The exchange announced on Friday that it is considering supporting Morpho (MORPHO), Popcat (POPCAT), and Pudgy Penguins (PENGU).

Morpho is a decentralized lending protocol built on the Ethereum (ETH) blockchain. Its native token, MORPHO, launched in June 2022 and is currently trading at $1.81, having dropped nearly 2% in the past 24 hours. It is ranked 188th by market capitalization.

Popcat is a Solana (SOL)-based memecoin that launched in December 2023. POPCAT is currently trading at $0.213, with little movement in the past day. It is ranked 289th by market capitalization.

Pudgy Penguins is an NFT project, with its utility token, PENGU, launching in December. PENGU is currently trading at $0.00987, having dropped over 8% in the past 24 hours. It is ranked 127th by market capitalization.

Being added to Coinbase's listing roadmap indicates that the crypto exchange is seriously considering adding trading support for these assets in the near future. The roadmap was introduced in 2022 to enhance transparency and reduce the likelihood of investors frontrunning new trading support announcements, according to Coinbase.