Coinbase adds trading support for 8 tokens in Germany

Coinbase has announced that users in Germany can now buy, sell and trade eight new tokens.

In an announcement, Coinbase Assets said it now supports trading for several tokens, which users in Germany can access on Coinbase.com and via iOS and Android apps. 

The eight crypto tokens are Rocket Pool (RPL), Pudgy Penguins (PENGU), Renzo (REZ), Reserve Rights (RSR), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE) and Layer3 (L3).

The price of Aethir jumped more than 12% following the news,with the decentralized physical infrastructure network’s native token surging to highs of $0.052. 

Rocket Pool’s price was up about 3% to $4.71, while PENGU and REZ were just in the green.

Pendle and Maple Finance’s SYRUP, among the altcoins to skyrocket in recent weeks, were down 1.5% and 9% respectively despite the positive news. The PENDLE token is currently a top 100 asset by market, with over $700 million at the time of writing.

Coinbase’s support for these altcoins will see the crypto exchange’s users in Germany be able to buy, sell, and convert the assets. 

The exchange also supports token transfer and storage, with this available both through the U.S.-based exchange’s official website and via mobile applications.

Coinbase secured regulatory approval for its Germany arm in 2021, with the German Federal Financial Supervisory Authority licensing Coinbase Germany GmbH for trading and crypto custody. BaFin’s nod saw Coinbase become the first crypto exchange to get the license in the country.

In January 2025, Coinbase announced the acquisition of Bux, a brokerage company based in Cyprus. The deal allowed the crypto exchange to secure a key license as it looked to expand its presence in the European market, with Bux enabling it to score a Markets in Financial Instruments Directive II, or  MiFID II, license.