The crypto asset of a decentralized exchange on the Solana (SOL) network is seeing significant price gains after trading support from Coinbase.
Raydium (RAY) is currently trading at $1.25, up 6.8% in the past 24 hours, following Coinbase’s announcement that the altcoin can now be traded on its platform.
Say Coinbase on the social media platform
“Spot trading for Raydium (RAY) will go live on January 14, 2026. The opening of our RAY-USD trading pair will begin on or after 9:00 AM PT, if liquidity conditions are met, in regions where trading is supported.”
The US-based crypto exchange says RAY will be available on Coinbase.com, in the Coinbase app and Coinbase Advanced. Institutions can also access the asset directly through Coinbase Exchange.
The development comes just days after Coinbase added RAY to its system roadmap for listing along with another Solana altcoin, Energy Dollar (ENERGY), and the Base ecosystem coins Elsa (ELSA) and Sport.fun (FUN).
Cryptocurrencies added to the roadmap are being considered for future listing, but Coinbase says this does not mean the asset will ultimately receive trading support.
“There will be times when an item is postponed or removed from consideration for listing due to a number of factors. While we will try to use all reasonable efforts to minimize this risk of occurrence, it should be understood that any information contained in this blog is in no way intended to be relied upon as a promise or guarantee of listing.”
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Featured image: Shutterstock/tankist276