Crypto exchange Coinbase has announced it’s adding a new Solana (SOL)-based altcoin to its listing roadmap ahead of the token’s launch.
Announcing via the social media platform X, Coinbase says it’s adding Tensor (TNSR) to its listing roadmap.
Coinbase’s listing roadmap is designed to give a heads-up to users before the listing of any crypto assets to prevent insider trading and promote transparency.
Tensor is the most popular non-fungible token (NFT) platform on Solana, and will be launching its own token next week, according to a recent thread on X from the project.
TNSR tokens will be airdropped with “treasure boxes” for users of the Tensor protocol via the Jupiter (JUP) decentralized exchange (DEX) aggregator.
Tensor has periodically overtaken its fellow Solana-based NFT marketplace Magic Eden in volume, according to analytics platform TIEXO. At time of writing, Tensor has the highest number of unique wallets and the most newly created wallets in the last 24 hours.
Coinbase CEO Brian Armstrong has previously said the exchange aims to list as many crypto assets as possible, as long as they meet the company’s standards.
“It’s kind of like Amazon or something like that where a product might have three stars or it might have five stars, but if it starts to get one star consistently, it’s probably fraudulent or defective or something and maybe Amazon will remove it. Otherwise, you want to let the market decide what these things are.”
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