HomeNewsInside Armstrong's Plan to Dominate the $70B Meme Economy Through Base

Inside Armstrong’s Plan to Dominate the $70B Meme Economy Through Base

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  • Coinbase integrates Base blockchain meme coins into its main app via new decentralized trading features for US users.
  • The meme coin sector holds a $70B market valuation with substantial trading volume and high volatility.

Coinbase has integrated decentralized trading for assets from its Base blockchain directly into its primary application. This development allows eligible users in the United States, with the exception of New York residents, to swap these tokens within the platform. This effectively grants access to every meme coin existing on the Base network through the Coinbase interface. Jesse Pollak, a leading developer for the Base blockchain, confirmed the comprehensive integration of these assets.

Brian Armstrong, responded to this update. He stated that the new feature simplifies user access to a wider array of digital assets and accelerates the trading process. He described them as indicators of community engagement and early product-market validation.

 

The total market valuation for meme cryptocurrencies exceeds $70 billion, according to data from CoinMarketCap.

The company’s strategy involves aligning the growth of its Base blockchain with the liquidity and community-driven nature of meme coins. This approach allows the exchange to engage with a segment of the market known for high trading volume and cultural relevance. The integration provides a regulated and accessible channel for users to interact with these assets, which often spread rapidly through social media platforms.

Previously, the application only offered assets that had undergone a formal listing process on its centralized exchange. The new functionality enables direct swapping of tokens native to the Base blockchain, expanding the available selection considerably.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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