In a move that has captured the attention of crypto enthusiasts and market analysts alike, Coinbase has unveiled two new tokens designed to bring Dogecoin and XRP into the fold of its Ethereum layer-2 network, Base. Announced today, June 9, 2025, this development could be a game-changer for the exchange and its user base, signaling Coinbase’s bold strategy of integrating popular altcoins into a more scalable and efficient trading environment.
Expanding Horizons on Base
Coinbase’s decision to introduce Dogecoin and XRP on its Base network appears to be a strategic maneuver aimed at enhancing transaction efficiency and scalability. By tapping into Ethereum’s layer-2 solutions, the exchange aims to address some of the persistent issues plaguing the crypto world, such as high gas fees and slower transaction times. Base, known for its capacity to handle a higher volume of transactions with reduced costs, serves as an ideal playground for these popular tokens. This move aligns with the growing bullish sentiment around Dogecoin and XRP, as detailed in Dogecoin, XRP ETF Hopes Are Fuelling Bullish Sentiment, Social Data Shows.
According to industry insider, Marla Jensen, “This is a significant step for Coinbase. By moving Dogecoin and XRP onto Base, they’re not just expanding functionality but potentially setting a precedent for how altcoins could operate in a more optimized environment.” Her words echo the sentiment of many who believe that this integration could set a new standard for altcoin trading efficiency.
Ripple Effects Across the Market
The inclusion of these tokens on the Base network isn’t just a technical upgrade—it’s a statement. Dogecoin, often seen as the meme coin that could, and XRP, a stalwart in cross-border transactions, now have a new avenue for growth and adoption. This integration might lure more users to Base, attracted by the promise of lower transaction costs and faster trading capabilities. The potential for Dogecoin to be listed in an ETF, as Nasdaq seeks SEC approval for 21Shares Dogecoin ETF, further underscores the growing institutional interest in these tokens.
Thomas Liu, a blockchain analyst based in Hong Kong, gives this perspective: “By making Dogecoin and XRP tradable on Base, Coinbase is potentially unlocking new liquidity pools. It’s a savvy move that could attract not only retail investors but also institutional players looking for efficient trading options.”
The implications for the broader cryptocurrency market are intriguing. While some experts remain skeptical about the long-term impact, citing the volatile nature of the crypto space, others argue that this could be a catalyst for further innovation in layer-2 solutions.
Historical Context and Future Potential
Coinbase’s journey with layer-2 solutions isn’t new. The exchange has been slowly but surely building out its capabilities to support more scalable and efficient networks. This latest move with Dogecoin and XRP is a testament to its commitment to improving user experience. One only needs to look back at the early days of Ethereum, where high fees and congestion were a constant headache, to appreciate the potential benefits of this development.
The future, however, remains uncertain. While today’s announcement is a significant step forward, it raises questions about how other exchanges might respond. Will they follow Coinbase’s lead and integrate more altcoins into layer-2 solutions? And what does this mean for the traditional Ethereum layer-1 network?
These are not mere rhetorical questions—they’re the very considerations that will shape the next chapter of cryptocurrency evolution. As Coinbase continues to push the envelope, it will be fascinating to see how these changes ripple through the market.
In conclusion, Coinbase’s integration of Dogecoin and XRP onto the Base network could be a defining moment in the platform’s ongoing evolution. While the full impact remains to be seen, this move reflects a broader trend in the crypto world towards more efficient and scalable solutions. Whether this trend will continue or falter is a question that only time will answer, but for now, the eyes of the crypto community are firmly fixed on Coinbase and its next steps.
Source
This article is based on: Why Coinbase Brought Dogecoin and XRP to Ethereum Network Base
Further Reading
Deepen your understanding with these related articles:
- Dogecoin Unfazed as Elon Musk Rubbishes Report of His Exit From Tesla
- Ripple Offered $4B-$5B for Stablecoin Issuer Circle: Bloomberg
- Restaking can make DeFi more secure for institutional traders
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
