Coinbase Lists Donald Trump-Backed Altcoin WLFI Amid Global Trading Hype

Coinbase, the largest US cryptocurrency exchange, will list World Liberty Financial (WLFI), a Donald Trump-backed altcoin, on the Ethereum network. Trading will begin once sufficient supply is available, and liquidity conditions are met. WLFI support may be restricted in some jurisdictions. This news comes after Binance and other leading exchanges listed the altcoin.

Following Binance and other leading exchanges, Coinbase has announced that it will list World Liberty Financial (WLFI), a Donald Trump-backed altcoin, on the Ethereum network. Trading will commence once sufficient supply is available and liquidity conditions are met. WLFI support may be restricted in certain jurisdictions [2].

World Liberty Financial (WLFI) is the governance token of the World Liberty Financial (WLF) decentralized finance (DeFi) platform, which launched in October 2024. The platform operates on Ethereum's layer-2 infrastructure and utilizes Aave V3, a well-known lending and borrowing protocol. The token sale raised over $550 million, with 75% of the proceeds going to the Trump family [1].

WLFI is set to be unlocked for public trading on September 1, 2025, with only 20% of the supply available at launch through a Lockbox mechanism. The token has already attracted significant attention, with perpetual futures trading at approximately $0.42, projecting a fully diluted valuation of over $40 billion [1].

The stablecoin USD1, launched by WLF, is backed by U.S. Treasury securities and cash deposits. It has already been listed on Coinbase and other platforms, offering low-fee transactions and cross-chain liquidity [1]. However, the stablecoin's association with the Trump-backed DeFi project has sparked regulatory scrutiny and ethical concerns [1].

The U.S. government, under Trump’s leadership, introduced the Genius Act, a regulatory framework for stablecoins requiring full reserve backing and transparency. While the law aims to enhance consumer protection, critics argue it disproportionately benefits projects with political connections, such as WLF [1].

WLFI’s listing on OKX and the broader market has already triggered significant liquidity, with a reported $483 million in market value. OKX has offered 50x leverage contracts for WLFI, attracting both retail and institutional traders [1]. The platform’s listing follows similar moves by other exchanges, including Huobi and Binance, which are expected to amplify trading volumes [1].

World Liberty Financial’s treasury has expanded significantly since its launch, with current holdings exceeding $97 million across major crypto assets such as USDC, WBTC, ETH, and USDT. The project has also announced plans for a $1.5 billion crypto-treasury initiative, signaling its ambitions to scale operations [1]. However, concerns about centralization persist, as the Trump family reportedly holds the largest share of tokens, raising questions about governance control and decision-making transparency [1].

References:
[1] https://www.ainvest.com/news/trump-linked-wlfi-token-enters-binance-regulatory-scrutiny-2509/
[2] https://en.bitcoinsistemi.com/breaking-news-coinbase-announces-listing-of-the-highly-anticipated-altcoin/