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Morpho's upcoming coinbase debut reflects strategic DeFi positioning despite broader market unease.
Key Takeaways
- Coinbase will list Morpho Token on the Ethereum and Base networks starting February 27, 2025.
- MORPHO's price increased by 9.6% following the listing announcement, amid overall market volatility.
Coinbase announced today the listing of Morpho Token (MORPHO) on both the Ethereum and Base networks, with trading set to begin tomorrow. The token’s price rose by 9.6% in the 24 hours following the announcement, according to CoinGecko data.
Trading for MORPHO will commence on or after 9 AM PT on February 27, 2025, subject to sufficient liquidity conditions.
Morpho Token is a DeFi token designed to facilitate cross-chain asset transfers and enable participation in decentralized exchanges and other DeFi platforms.
The listing follows Coinbase’s February 7 announcement adding MORPHO to its listing roadmap alongside Pudgy Penguins (PENGU) and POPCAT.
The token’s price movement comes amid significant market volatility, with the Crypto Greed & Fear Index dropping to 21 points.
This is the lowest level since August 8, 2024, just three days after what traders referred to as “Black Monday.”
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