The crypto asset of a decentralized exchange on the Solana (SOL) network is seeing significant price gains after receiving trading support from Coinbase.

Raydium (RAY) is currently trading for $1.25, up by 6.8% over the past 24 hours, following Coinbase’s announcement that the altcoin can now be traded on its platform.

Says Coinbase on the social media platform X, 

“Spot trading for Raydium (RAY) will go live on 14 January 2026. The opening of our RAY-USD trading pair will begin on or after 9AM PT, if liquidity conditions are met, in regions where trading is supported.”

The US-based crypto exchange says that RAY will be available on Coinbase.com, in the Coinbase app and Coinbase Advanced. Institutions can also directly access the asset via Coinbase exchange. 

The development comes just days after Coinbase added RAY to its listing roadmap 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 that the asset will eventually get trading support.

“There will be times when an asset is delayed or removed from consideration for listing for any number of factors. While we will try to make every reasonable effort to minimize this risk of occurrence, it should be understood that all information in this blog is in no way intended to be relied upon as a promise or guarantee of listing.”