Coinbase Announces Listing of Three New Altcoins: BNKR, JITOSOL, and MPLX

Coinbase has revealed plans to list three new altcoins—BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX)—triggering immediate market reactions. The announcement, made via X (formerly Twitter), included contract addresses for each token but noted that trading would only begin after securing market-making support and ensuring technical readiness. The market responded swiftly, with BNKR experiencing a significant price surge. This move underscores Coinbase's continued expansion into the altcoin market, offering investors new opportunities in the rapidly evolving cryptocurrency landscape. The listing of these tokens is expected to further diversify the platform's offerings and attract more traders seeking exposure to innovative blockchain projects.

Coinbase Teases 3 New Altcoin Listings, Market Reacts with Price Jumps

Coinbase has unveiled plans to list three new altcoins—BankrCoin (BNKR), Jito Staked SOL (JITOSOL), and Metaplex (MPLX)—sparking immediate market reactions. The announcement, made via X (formerly Twitter), included contract addresses for each token but cautioned that trading WOULD only commence after securing market-making support and technical readiness.

The market responded swiftly, with BNKR surging approximately 40.54% from $0.00037 to $0.00052 before partially retracing. Coinbase warned users against premature deposits, emphasizing that funds could be permanently lost until official trading begins. The exchange's move underscores its continued expansion into niche crypto assets, leveraging its influence to drive liquidity and investor interest.

South Korea's Financial Watchdog Restricts Crypto Exposure in ETFs

South Korea's Financial Supervisory Service has quietly tightened reins on crypto-linked investments. Asset managers received verbal guidance to limit holdings of stocks like Coinbase and MicroStrategy in exchange-traded funds, reinforcing 2017 restrictions that remain technically in force.

The move creates regulatory friction as global markets warm to digital assets. While the U.S. advances toward spot Bitcoin ETFs and Hong Kong approves crypto funds, Seoul maintains its cautious stance. Existing rules still prohibit financial institutions from holding, trading, or accepting virtual assets as collateral.

Corporate crypto transactions remain forbidden under anti-money laundering provisions enacted during Korea's 2017 trading frenzy. Regulators view institutional exposure as particularly risky, creating a paradox where retail investors face fewer restrictions than professional money managers.

South Korea's FSS Advises Asset Managers to Limit Crypto ETF Exposure

South Korea's Financial Supervisory Service (FSS) is urging asset managers to reduce their exposure to cryptocurrency-themed ETFs. Guidelines reviewed by local firms discourage heavy emphasis on crypto-linked stocks within ETF structures. Despite this, some ETFs, like the Korea Investment Management ACE US Stock Bestseller ETF, already allocate over 14% of their holdings to Coinbase. Another, the KoACT US Nasdaq Growth Company Active ETF, includes 13.4% exposure to Coinbase and 13.4% to Strategy.

The FSS remains steadfast in its 2017 stance, which bars financial institutions from direct cryptocurrency holdings, investments, or use as collateral. A regulatory official emphasized that while global trends increasingly favor digital assets, South Korea will adhere to existing guidelines until a comprehensive legal framework is established. This announcement highlights the tension between conservative regulation and the booming crypto sector in the country.

Retail crypto investment continues to surge in South Korea, with over 18 million citizens actively trading digital assets. The growing demand has led to several ETFs increasing their weightings in overseas-listed crypto companies, further exposing the disconnect between investor appetite and regulatory constraints. The South Korean ETF market now boasts more than 1,000 listed products, reflecting the sector's rapid expansion.