Coinbase to List Ethena Token as New Trading Option – Coincu

Coinbase announced its plans to list the Ethena (ENA) token on the Ethereum network, with trading potentially starting on June 5, 2025.

This development holds significance as it may bolster Ethena’s market position and attract increased trading activity, evidenced by a recent price uptick.

Coinbase’s June 2025 ENA Listing Sparks Market Surge

Coinbase confirmed Coinbase includes ENA in roadmap to enhance token visibility, conditional on satisfying liquidity requirements. Trading is slated to commence on June 5, 2025, contingent on specified conditions. Transactions on unauthorized networks remain prohibited, with losses possible for incorrect deposits.

The potential addition of the ENA trading pair hints at market interest, shown by the token’s 8%+ surge in value to approximately $0.333. This indicates positive reception from market participants and potential changes in ENA’s liquidity dynamics.

Market participants noted a spike in trading volume to $254 million, reflecting significant growth post-announcement. While official statements from Ethena’s leadership remain minimal, community outlook suggests bullish sentiment, anticipating enhanced liquidity access.

Ethena Token Gains Amid Optimistic Market Sentiment

Did you know? The announcement of ENA’s potential Coinbase listing followed an asset unlock of 40 million tokens. Unlike past events, no significant sell-off occurred, underscoring the token’s stable demand and price resilience.

Ethena’s current price is $0.35, with a market cap of $2.03 billion and 24-hour trading volume at $218 million per CoinMarketCap. Price has increased 2.62% in 24 hours but shows a 12.56% decline over 90 days.

Coincu research indicates potential positive implications following the Coinbase announces new updates on ENA token integration. “Transfers and trading are not supported for these or any other assets until a listing is officially announced. The company warned that depositing unlisted assets could result in permanent fund loss,” stated Coinbase Assets, Official Account, Coinbase. Holders and traders anticipate enhanced usability, informed by historical trends observed in Coinbase’s asset inclusions.