Coinbase, the largest cryptocurrency exchange based in the United States, has made headlines with its recent expansion into spot trading by adding three new altcoins: Kamino (KMNO), Dolomite (DOLO), and Solayer (LAYER). This addition has sparked modest price increases for all three tokens following the announcement.
According to a statement from Coinbase Markets on their official X account, the three new tokens will be available for trading against the US dollar, with trading set to commence on or after 9:00 AM Pacific Time, provided liquidity conditions are met. The exchange emphasized that access to these trading options would be contingent upon local regulations, meaning only regions where the exchange is legally allowed to operate will see the new listings.
The announcement detailed that Kamino (KMNO) and Dolomite (DOLO) would be accessible via Coinbase’s website, mobile app, and Coinbase Advanced, while institutional users could trade these tokens directly on Coinbase Exchange. To facilitate secure transactions, the exchange provided official contract addresses for each asset, urging users to ensure that tokens are sent via the correct networks to prevent any irreversible loss of funds. The contract addresses are as follows:
- Solayer (LAYER) — Solana network (SPL token): LAYER4xPpTCb3QL8S9u41EAhAX7mhBn8Q6xMTwY2Yzc
- Kamino (KMNO) — Solana network (SPL token): KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
- Dolomite (DOLO) — Ethereum network (ERC-20): 0x0F81001eF0A83ecCE5ccebf63EB302c70a39a654
Price movements post-announcement showed small but noteworthy gains for the tokens: KMNO rose 7.02%, moving from $0.057 to $0.061; DOLO experienced an 8.33% increase from $0.18 to $0.195; while LAYER surged by 9.43%, climbing from $0.53 to $0.58. However, market volatility ensued shortly thereafter, with KMNO trading at $0.059 (a 0.36% increase), and LAYER dipping slightly to $0.55 (nearly a 3% increase). Meanwhile, DOLO retraced its gains significantly, falling to $0.17, a decline of about 3%.
In addition to the listings, Coinbase took the opportunity to clarify its asset listing process, acknowledging that it can appear opaque at times. The exchange stated its commitment to enhancing transparency around its review standards and the typical timelines involved. In a detailed blog post, Coinbase explained that the asset listing process is structured to be transparent and accessible, allowing for free applications that are assessed based on uniform standards. Timelines for listings can vary widely, from hours to months based on the complexity of the project and the quality of the submission.
A complete application, complete with clear tokenomics and technical documentation, can help streamline the process. Factors such as business demand, compliance requirements, and technical security are carefully reviewed before integration efforts begin. Typically, it takes under 30 days from the review of an asset to its listing, although tokens on supported networks can be expedited faster.
Coinbase also noted that newly listed assets generally undergo a phased launch process—starting with deposits, followed by auctions and limit-only trading—to ensure adequate liquidity and maintain long-term market integrity. This careful approach aims to build confidence among users while also promoting a stable trading environment.
