Coinbase announced on April 2, 2025 that it will list RAY, the native governance token of Raydium, an automated market maker on the Solana blockchain. The exchange said trading will begin only after sufficient liquidity conditions are met, a standard step designed to ensure orderly markets. The listing reflects Coinbase’s effort to broaden its asset offering beyond Ethereum-focused tokens and to give its users easier access to Solana-based DeFi assets.
Coinbase Announces RAY Token Listing
In its official communication, Coinbase confirmed the planned listing of RAY and emphasized the liquidity requirement before trading starts. This approach is intended to reduce excessive volatility at launch by ensuring market makers and order book depth are in place. For context on Coinbase’s listing process and roadmap, see the platform’s related listings and announcements in the exchange’s coverage, including discussions around roadmap listing.
Significance of the RAY Listing
Coinbase’s decision to add RAY is part of a broader strategy to diversify asset offerings beyond Ethereum and to include high-performance Layer‑1 ecosystems. The listing gives millions of Coinbase users custodial access to a key DeFi token on Solana, simplifying the on‑ramp for retail investors. Similar listing moves on Coinbase have followed a careful internal review of technical and legal factors.
Raydium and Solana Ecosystem Overview
Raydium operates as a leading automated market maker and liquidity provider on the Solana network, and it connects to the Serum order book to offer hybrid liquidity features. The RAY token serves multiple functions in the Raydium ecosystem, including governance and liquidity incentives. Over the past 18 months, network upgrades on Solana have improved stability and throughput, and Raydium has routinely ranked among the top decentralized exchanges by volume within that ecosystem.
Market Impact and Liquidity Considerations
Coinbase’s requirement that trading start only after sufficient liquidity conditions are met is meant to protect users from extreme slippage and manipulation during the initial trading window. Historically, assets listed on major exchanges can experience heightened volatility around the launch, particularly in the days immediately before and after trading begins. Coinbase’s internal review process also concluded that RAY does not constitute a security under current U.S. frameworks, which is an important legal threshold for listing on a U.S. exchange.
User Implications and Strategic Benefits
For Coinbase users, the listing simplifies acquisition of RAY by allowing purchase within the custodial platform and, when trading opens, the ability to withdraw tokens to compatible Solana wallets. Once withdrawn to a self‑custody wallet such as Phantom or Solflare, RAY can be used for its intended utilities on Raydium, including governance participation and providing liquidity. Coinbase typically publishes educational materials alongside new listings to help users understand token mechanics and platform-specific risks; for how this fits into Coinbase’s broader plans, see coverage of its expansion and product strategy Coinbase expansion.
Почему это важно
Если вы майните и не держите RAY или не пользуетесь Solana‑DeFi, это объявление на вашу майнинговую деятельность напрямую не повлияет. Однако для тех майнеров, кто хранит активы на биржах или торгует ими, листинг упрощает покупку и продажу RAY в рамках знакомой платформы. При этом условие по начальной ликвидности значит, что торговля начнётся только после подготовки рынков, что снижает риск резких провалов ликвидности на старте.
Что делать?
Если у вас от 1 до 1000 устройств и вы хотите действовать по этой новости, сначала проверьте, будете ли вы взаимодействовать с RAY: если нет — можно пока не предпринимать шагов. Если планируете купить или использовать RAY, заранее создайте совместимый самокастодиальный кошелёк (например, Phantom или Solflare) и подготовьте процедуру вывода с Coinbase. Наблюдайте за объявлением о начале торгов — Coinbase начнёт торги только после подтверждения достаточной ликвидности — и изучите образовательные материалы на платформе перед покупкой.
FAQ
What is the RAY token? The RAY token is the native governance and utility token of Raydium, an automated market maker and liquidity protocol built on the Solana blockchain. It is used for governance, liquidity incentives, and other protocol functions.
When will RAY start trading on Coinbase? Coinbase announced the intent to list RAY on April 2, 2025, but trading will begin only after sufficient liquidity conditions are met. The exchange has not provided a specific trading start date.
Why is the Coinbase RAY listing significant? The listing is significant because Coinbase is a major, U.S.-regulated exchange with a large retail user base, and the move expands custodial access to a notable Solana DeFi token.
What are “liquidity conditions”? Liquidity conditions mean there must be adequate market maker commitments, trading volume, and order book depth to allow stable and fair trading at launch, helping to limit slippage and manipulation.
Can I use RAY from Coinbase on the Raydium platform? Yes. After purchasing RAY on Coinbase, you can withdraw it to a compatible self‑custody Solana wallet such as Phantom or Solflare to participate in Raydium’s staking, governance, or liquidity provision.
