The crypto asset of a decentralized exchange on the Solana network (SOL) is seeing significant price gains after receiving trading support from Coinbase.
Raydium (RAY) is currently trading at $1.25, up 6.8% in the past 24 hours, following Coinbase’s announcement that the altcoin can now be traded on its platform.
Said Coinbase on social media platform
“Spot trading for Raydium (RAY) will go live on January 14, 2026. Opening of our RAY-USD trading pair will begin at 9 a.m. or later, if liquidity conditions are met, in regions where trading is supported.”
The US-based crypto exchange says RAY will be available on Coinbase.com, in the Coinbase app, and Coinbase Advanced. Institutions can also access the asset directly through the Coinbase exchange.
The development comes just days after Coinbase added RAY to its registration roadmap along with another altcoin Solana, Energy Dollar (ENERGY) and core ecosystem coins Elsa (ELSA) and Sport.fun (FUN).
The cryptocurrencies added to the roadmap are being considered for future listing, but Coinbase says this does not mean the asset will eventually receive commercial support.
“There will be times when an asset is delayed or delisted for a number of factors. While we try to make every reasonable effort to minimize this risk of occurrence, it should be understood that any information contained in this blog is in no way intended to be considered a promise or guarantee of listing.”
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Featured image: Shutterstock/tankist276
