The announcement by Coinbase regarding the listing of Ether.fi (ETHFI) and Bittensor (TAO) led to significant pre-market activity, with both tokens experiencing a price spike exceeding 30%. This increase reflects the typical market reaction to exchange listing news.
Coinbase’s decision is expected to improve trading volume and provide better liquidity for both ETHFI and TAO, promoting a more accessible trading environment. Higher liquidity generally correlates with reduced volatility, reassuring traders about their investments.