1 August 2026
This Little Known Altcoin Soars 143 percent After Coinbase Listing Announcement
A new altcoin offering rewards to participants for contributions to the Ethereum network is surging in the price after a listing on the largest US-based Crypto exchange.
According to Coinbase's official announcement, Optimism (OP) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met.
As per Coinbase, OP has been designated as “experimental,” meaning it may have higher volatility and lower trading volume when compared to other assets in Coinbase’s lineup.
Optimism is a layer-2 scaling solution for Ethereum (ETH). Its native token OP is used for the allocation of network resources and governance.
OP was launched on 31st May. Earlier it was a price of $0.79 and later, its value soars to 143% trading at $1.92 after following the announcement of the Coinbase listing.
Currently, Optimism is trading at $1.25.
Additionally, Coinbase announced that it is adding Optimism to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust.
Coinbase Custody is better known for its custodial service for institutional investors with big money. It’s chartered in New York State and designed to give clients a highly secure way to store large amounts of Crypto.
Another Crypto Exchange Binance initially said that it will open OP for trading on June 1st paired with Bitcoin (BTC), Binance USD (BUSD), and Tether (USDT), but then later postponed the offering “due to delays in deposits caused by high on-chain transaction volume.”
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