Coinbase Adds the ETHFI and TAO Tokens to Its Listing Roadmap

Yesterday, the crypto exchange Coinbase added the projects Etherfi (ETHFI) and Bittensor (TAO) to its listing roadmap. This step anticipates the actual listing of resources within the exchange platform, as part of Coinbase's transparency and security process.

Coinbase, the leading cryptocurrency exchange in the United States, has added the coins ETHFI and TAO to its roadmap for listing. At this moment the two crypto are not yet available for trading on the platform, and we will have to wait for the official listing announcement from Coinbase.

The inclusion of assets in the roadmap is part of the selection and addition process of the exchange, allowing for more accurate management of the various listings. This approach allows for maintaining a balance between transparency and security, thus reducing the risk of fund losses due to premature transfers of assets not yet supported.

At the same time, Coinbase users can manage their expectations by observing which tokens are under consideration for listing, even though they are not officially listed.

The addition of ETHFI and TAO to the roadmap follows a rigorous selection process by Coinbase, which takes into account various factors such as the adherence of the assets to legal, compliance, and technical security standards. These standards do not consider market capitalization or the popularity of a project.

After being included in the roadmap, the final decision on whether or not to list an asset is made by a special committee called the Digital Asset Listing Group, which includes representatives from various departments within Coinbase.

To ensure transparency and prevent insider trading, the CEO, Brian Armstrong, and other members of the global board of directors are not part of this voting group.

In addition, Coinbase Ventures, the VC subsidiary of Coinbase that invests in various projects in the Web3 world, is not permitted to sell any tokens resulting from investments it has made itself.

Both ETHFI and TAO experienced an increase in demand in the market following Coinbase’s announcement, only to retreat under the bearish pressure of the bear.

In detail, at 11:00 PM yesterday, ETHFI rose by 33%, reaching the local top of 1.6 dollars and momentarily breaking the EMA 50 on the 1H time frame.

The buying pressure was, however, immediately absorbed, with the hourly candle closing with a wide shadow, followed by a follow-down of the supply.

At the moment ETHFI is at 1.13 dollars, at a price lower than that recorded shortly before the revelation of the future listing on Coinbase.

This downward movement was partly emphasized by the general situation of the crypto markets, with BTC, ETH, and other altcoin that accompanied the slight decline.

In any case, we can say that ETHFi is in a tough spot, with its value down 60% since December 2024.

The currency had skyrocketed in the first quarter of last year, only to continue with a constant price action colored in red.

For a return to the bull phase, it is essential that ETHFI quickly recovers the psychological level of 1.6 dollars, from which a new impulse can start.

The TAO chart appears to mirror that of ETHFI: the currency of the AI sector rose at the time of the Coinbase announcement, only to retreat in a bear trend.

In this case, the rise was “only” 11% in the hour affected by the news, while the subsequent candles reflected the current dominance of the bear.

Here too TAO immediately returned below the EMA 50 on the 1H time frame after the attempt to break out upwards, accompanying the general situation of the markets.

Broadening the horizons, we notice how the price of this token has halved compared to what was recorded in December, to the point of having canceled much of the previous progress.

Now to regain the positive trend, TAO should return at least above 400 dollars, marking unavoidably the local bottom below 250 dollars.