Coinbase Announces Ethena (ENA) Listing Roadmap, Sparks 8.6% Price Rally

Coinbase has added Ethena’s ENA token to its listing roadmap, triggering an immediate 8.6% price surge during Asian trading hours. The exchange confirmed the ERC-20 token’s contract address but cautioned that trading will only begin once liquidity and technical requirements are met. Market makers are now preparing for ENA’s debut, with Coinbase advising against premature deposits. This development highlights the growing interest in ENA and its potential impact on the cryptocurrency market.

Coinbase Adds Ethena (ENA) to Listing Roadmap, Triggers 8.6% Price Surge

Coinbase has placed Ethena’s ENA token on its listing roadmap, sparking an immediate 8.6% price rally during Asian trading hours. The exchange confirmed the ERC-20 token’s contract address but warned trading won’t commence until liquidity and technical requirements are met.

Market makers are now preparing infrastructure for ENA’s debut, with Coinbase explicitly cautioning against premature deposits. The announcement briefly propelled ENA to $0.338 before partial retracement, demonstrating the outsized impact of exchange listings on altcoin valuations.

Coinbase Faces $400M Exposure in Indian Data Leak Scandal

Coinbase’s compliance failures have come into sharp focus as new evidence reveals the exchange knew about a critical KYC data breach for months before disclosure. The lapse originated at TaskUs, a Texas-based outsourcing firm with operations in Indore, where two employees systematically siphoned customer data through smartphone photographs of workstations.

Regulatory filings show the breach began in January 2025, with compromised data circulating on darknet markets by spring. The SEC’s 14 May disclosure timeline contradicts Coinbase’s earlier public statements about prompt breach notification. TaskUs terminated over 200 employees in the aftermath, suggesting wider complicity than initially claimed.

Industry analysts note the $400 million potential liability could pressure Coinbase’s treasury management, particularly its corporate holdings of ETH, BTC, and other native assets. The incident coincides with increased SEC scrutiny of crypto custodians following similar breaches at competing exchanges.