Coinbase new listings spark surge as Ethereum tokens SPK, CAKE, ENA hit the big leagues

The crypto market is buzzing as Coinbase new listings bring fresh opportunities for traders, with Ethereum-based tokens Spark (SPK), PancakeSwap (CAKE), and Ethena (ENA) now live on the platform.

The exchange also introduced perpetual futures for SPK and Resolv (RSV) on Coinbase International, reinforcing its focus on high-growth DeFi assets.

These Coinbase new listings could drive renewed attention to Ethereum’s layer-2 ecosystem, offering traders more ways to capitalize on emerging projects.

And with more assets pending, industry insiders believe Coinbase is aggressively positioning itself as the bridge between traditional finance and the blockchain-powered future.

Coinbase new listings expand with SPK, CAKE, LA, ENA

In a tweet published June 17, Coinbase officially announced the listing of Spark (SPK), an Ethereum-based token now available on both desktop and mobile platforms under its “Experimental” label.

Coinbase new listings like SPK are typically tagged this way when a token is newly launched or has limited trading history, warning users of possible volatility.

Alongside SPK, Coinbase recently rolled out support for PancakeSwap (CAKE), Lagrange (LA), and Ethena (ENA)—all ERC-20 tokens built on the Ethereum blockchain.

Each of these tokens is accessible on Coinbase’s web and app platforms, giving users full functionality to buy, sell, convert, send, and store them.

“We’re focused on expanding access to promising Ethereum-based projects while maintaining transparency and user control,” said Paul Grewal, Coinbase Chief Legal Officer.

Perpetual Futures: SPK & RESOLV hit advanced trading desks

But the Coinbase new listings don’t end with spot trading. The exchange confirmed that SPK-PERP and RESOLV-PERP markets will open on Coinbase International Exchange and Coinbase Advanced on or after 9:30 a.m. UTC, June 19, 2025.

Perpetual futures offer crypto-savvy traders the opportunity to speculate on the price movement of assets without holding the underlying tokens.

These instruments provide liquidity and market depth, and are part of Coinbase’s wider strategy to cater to institutional and advanced users.

“Adding perpetual futures for Ethereum-based assets helps us meet global demand and strengthen our product suite,” a Coinbase spokesperson told Decrypt.

 Strategic timing behind Coinbase new listings

The timing of these Coinbase new listings is no accident. Ethereum’s DeFi ecosystem is once again gaining traction as layer-2 solutions reduce fees and boost transaction speed.

Listings like CAKE, one of the most recognized decentralized exchange tokens, and ENA, part of Ethena’s synthetic dollar protocol, position Coinbase as the go-to platform for emerging utility tokens.

At the same time, Lagrange (LA)—which supports zero-knowledge rollups—represents a bet on Ethereum scalability.

Together, the tokens listed signal Coinbase’s belief in Ethereum’s long-term growth and its decentralized financial applications.

Coinbase eyes a tokenized stocks market play

In a parallel but significant development, Coinbase is seeking SEC approval to tokenize U.S. equities, per a recent Reuters report.

The initiative, described by Grewal as a “huge priority,” would allow Coinbase users to trade blockchain-based representations of stocks, much like crypto assets.

If successful, this move could redefine retail investing and put Coinbase in direct competition with legacy platforms like Robinhood and Schwab.

“Tokenized equities have the potential to democratize access and create 24/7 global markets for traditional assets,” said Dan Held, Bitcoin educator and former Kraken executive.

The market response to these Coinbase new listings has been optimistic. SPK saw a 24% uptick in volume in the 24 hours following the announcement, while ENA gained 9% as user interest surged.

Analysts expect further listings in the coming weeks as Coinbase looks to onboard a broader set of Ethereum-based projects.