Coinbase will list PancakeSwap’s ERC-20 $CAKE token, improving accessibility for Ethereum wallet users.
SEC’s dropped case against Binance reduces legal risk for BSC-based assets like CAKE, aiding wider adoption.
Technicals show a rising trend; MACD crossover and RSI near 65 suggest a potential move toward $3.00 resistance.
Coinbase Global Inc. has notified users that it plans to add the ERC-20 version of $CAKE token which can be found on PancakeSwap, to its platform. The exchange stated that the listing will advance after all the necessary pre-listing steps are done. The integration will help more people gain access to Pancake since it will be supported by wallets on the Ethereum network, resulting in an expansion of the token’s reach.
https://twitter.com/esatoshiclub/status/1930345108177858567 Token Listing Aligns with Improved Regulatory Environment
The upcoming listing follows a major regulatory shift. The U.S. Securities and Exchange Commission (SEC) recently dropped its lawsuit against Binance and key executives. This decision reduced legal uncertainty surrounding the Binance ecosystem, including the Binance Smart Chain (BSC), where PancakeSwap operates.
The regulatory development appears to have removed a barrier that may have previously delayed wider token integrations on U.S.-based exchanges. PancakeSwap maintains its position as the most active decentralized exchange (DEX) on the Binance Smart Chain. In May 2025, it recorded $165.3 billion in trading volume.
This figure represented 93% of the $178.2 billion in total DEX volume across the Binance ecosystem during that period. The platform’s significant share demonstrates its role in facilitating a large portion of decentralized trading activities on BSC.
Coinbase Expands ERC-20 Token Offerings
An ERC-20 version of $CAKE is now planned for Coinbase and listing will occur as soon as all necessary checks are completed. This step indicates that Coinbase is planning to widen its range of Ethereum-compatible tokens. By adding $CAKE, the platform is following its routines of supporting a wide variety of assets from different blockchain sectors.
When CAKE is listed as an ERC-20 token, it works with many more types of wallets than just BSC wallets. Ethereum wallet users can easily use PancakeSwap’s token without having to go through bridges or conversions. The modification could boost the efficiency of $CAKE transactions for users accessing the token from Ethereum-based systems.
CAKE Technical Analysis: MACD and RSI Indicators
In the current market situation, a one-day chart on TradingView reveals CAKE trading at $2.45, as its trend indicates an upward motion from its low of $0.88 that was seen on March 13. The MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) indicators help you determine the upcoming trend.
Source: TradingView
Implementing the MACD would probably expose a bullish event that occurred in April 2025. If the MACD line appeared above the signal line, this meant the trend was headed up. This trend matches the rise in prices that has occurred within the channel.
According to the price movement and RSI indicator (0–100 scale), the market is currently in the range of 60–65, implying a rise in buying activity, although it has not reached the very high overbought level of 70 yet. This suggests further upside potential remains. MACD and RSI indicators support a moderately bullish outlook for CAKE with a potential price retest of the $3.00 resistance level in the short term if current momentum holds.
