Fartcoin Launches on Coinbase with Regional Restrictions

Coinbase has announced the listing of a new cryptocurrency (FARTCOIN) on its platform. FARTCOIN operates on the Solana network.

Coinbase is listing a new cryptocurrency, Fartcoin (FARTCOIN), which operates on the Solana network. The trading will start on 9 AM PT on June 12 and will be available in most US states and countries.

Coinbase Is Listing Fartcoin

The Coinbase exchange is listing a new cryptocurrency, Fartcoin (FARTCOIN), on its platform. Trading on Coinbase will begin at 9 AM PT on Monday, June 12, and will be available in most US states and countries.

Coinbase will be listing Fartcoin against the US dollar (FARTCOIN/USD). The trading will roll out in phases, meaning it won’t all happen at once. Coinbase is taking this approach to manage the process effectively. Some regions might face restrictions, so users need to check if Fartcoin is available where they live.

Importantly, one key thing to remember is how to handle Fartcoin safely. Coinbase warns that this asset only works on the Solana network, known as an SPL token. Sending it over other networks could lead to losing your funds. This is a big deal for newcomers who might not know the risks of mixing up networks. To avoid trouble, only send Fartcoin through Coinbase or Coinbase Exchange, and only in supported areas.

The news has triggered interest in knowing more about Fartcoin. It is a part of an increasingly large trend of unique tokens on Solana.

Moreover, the support to trade is already enabled on transfers and early adopters have an opportunity to participate. This aligns with Solana’s growing adoption, as highlighted by Moody’s recent experiment with tokenizing credit ratings on the network. Listing on exchanges like Coinbase always attract attention to any cryptocurrency. Hence, the listing of Fartcoin may attract additional attention to Solana. It is no wonder institutions like Bank of America are exploring stablecoin launches.

However, first-time buyers proceed as recommended by Coinbase to avoid getting ripped off.

Meanwhile, anticipation is growing as the launch date approaches. The phased approach suggests Coinbase wants to avoid any hiccups. Whether Fartcoin will become a hit or fade away remains to be seen. There would be more updates from Coinbase in the coming days after the listing.

Furthermore, Fartcoin has surged in value by 16% as excitement builds for its Coinbase listing. Despite regional restrictions, the surge reflects growing interest in the meme-themed cryptocurrency.