Leading cryptocurrency exchange, Coinbase, has revealed its plans to list a new Solana (SOL)-powered altcoin, Tensor (TNSR), on its platform. Tensor, the popular non-fungible token (NFT) platform on Solana, is set to launch its own token next week, and Coinbase has included it in its listing roadmap to ensure transparency and prevent insider trading.

According to a recent thread on X, Tensor will be airdropping TNSR tokens to users of the Tensor protocol via the Jupiter (JUP) decentralized exchange (DEX) aggregator. Tensor has surpassed its Solana-based NFT marketplace competitor, Magic Eden, in volume at certain times, as per analytics platform TIEXO. Currently, Tensor boasts the highest number of unique wallets and the most newly created wallets in the past 24 hours.

Coinbase's CEO, Brian Armstrong, has stated that the exchange aims to list as many cryptocurrencies as possible, as long as they meet the company's standards. Armstrong compared the exchange's approach to listing cryptocurrencies to Amazon's product rating system, stating that if a product consistently receives one star, it is likely fraudulent or defective, and Amazon may remove it. Otherwise, the market should decide the value of these assets.

Coinbase's decision to add Tensor to its listing roadmap highlights the exchange's commitment to transparency and its aim to provide users with access to a wide range of cryptocurrencies. By including Tensor in its roadmap, Coinbase is ensuring that users are aware of the upcoming token launch and can make informed decisions about their investments.