In a recent update, well-known cryptocurrency exchange Coinbase has included altcoin Drift Protocol (DRIFT) in its future listing roadmap. This announcement marks an important step for DRIFT, which is built on the robust Solana network. Coinbase, which is one of the leading cryptocurrency exchange platforms, has clarified that while adding an asset to the roadmap does not automatically imply a guaranteed listing, historically, the mentioned assets tend to be officially listed on the platform.

The altcoin under discussion, DRIFT, is scheduled for an airdrop on May 16. The team behind Drift Protocol has warned that any entity claiming to sell the DRIFT token before this date is most likely fraudulent, urging users to exercise extreme caution. The initial launch of the token will consist of distributing 10% of its total supply.

For those unfamiliar, Drift Protocol is an open-source, decentralized exchange that operates on the Solana network. This project is designed to be highly capital efficient and offers robust security for users’ assets. Among the services offered are futures and perpetual trading with up to 10x leverage, spot trading with up to 5x leverage, and token swaps with similar leverage.

The platform uses a sophisticated cross-margin risk mechanism to maximize transaction efficiency and protect against excessive risk. In Drift’s lending environment, users can also use their collateral for perpetual futures and trade more efficiently with spot assets. Importantly, deposited collateral can generate additional income through lending and act as collateral for other swaps.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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