- Coinbase adds BNB Chain-based Aster Token to listing roadmap.
- Aster Token surges 2,800%, attracting investor attention and momentum.
- Coinbase urges Treasury to narrow GENIUS Act interpretation for clarity.
Coinbase has announced the addition of Aster Token (ASTER), a BNB Chain-based asset, to its official listing road map. According to Coinbase Markets, the update signals the exchange’s intent to support the token once all listing requirements are fulfilled. The move highlights Coinbase’s ongoing effort to expand its support for assets built across multiple blockchain networks.
The exchange clarified that the addition of Aster does not guarantee immediate trading. Coinbase stated that trading will only begin once sufficient market-making support and technical readiness are achieved. A separate announcement will follow once these conditions are met.
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Coinbase Broadens Support for BNB Chain Tokens
This development follows Coinbase’s continued engagement with BNB Chain-based tokens. In October, the exchange listed BNB, the native token of Binance’s blockchain network, drawing attention due to Binance’s position as one of Coinbase’s largest competitors.
Around the same time, Coinbase introduced “The Blue Carpet,” a new suite of services designed to streamline the listing process for asset issuers. The initiative offers direct access to Coinbase’s Listings Team and provides ongoing assistance beyond the initial listing phase.
Aster Token’s Market Surge and Investor Interest
Aster Token, previously known as APX, operates as a derivative platform token with a total supply of eight billion units. The project focuses on community incentives and decentralized exchange functionalities. In late September, Aster gained market attention with a 2,800 percent surge, reaching an all-time high of $2.42.
Investor interest grew after Binance co-founder Changpeng Zhao, widely known as CZ, described Aster’s launch as a “strong start.” Although he clarified that he was not the token’s creator, his purchase of nearly two million Aster tokens triggered renewed market activity.
At the time of writing, Aster traded at $1.04, marking a 3.51 percent gain in the last 24 hours, as Coinbase prepares for potential trading support.
Coinbase Urges Treasury for Clarity on GENIUS Act Implementation
Coinbase Global has called on the U.S. Treasury Department to maintain a narrow interpretation of the GENIUS Act when drafting regulations. The exchange warned that extending the law’s reach beyond Congress’s intent could disrupt innovation and affect the growth of the U.S. digital asset sector.
According to Faryar Shirzad, Coinbase’s chief policy officer, the implementing rules should align with legislative intent and reinforce the role of U.S.-issued stablecoins in global finance. He emphasized that regulators must ensure these assets remain flexible and competitive while excluding blockchain validators, open-source developers, and non-financial software providers from the act’s scope.
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