Coinbase Lists DoubleZero (2Z) Following SEC Nod, Boosting DePIN Crypto Momentum

Sean Williams
Coinbase

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  • Coinbase adds DoubleZero (2Z), joining Binance and Kraken.
  • SEC confirms 2Z is not a security, supporting DePIN projects.
  • 2Z price rises 3% with trading volume up 35% after listing news.

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Coinbase has officially added DoubleZero (2Z) to its listing roadmap, joining other major exchanges like Binance and Kraken. The listing highlights DoubleZero’s growing legitimacy, following the U.S. Securities and Exchange Commission’s (SEC) decision not to take enforcement action against the token. The move positions 2Z as one of the leading projects in the emerging decentralized physical infrastructure network (DePIN) space.

DePIN Protocols Drive Real-World Blockchain Applications

DoubleZero leverages the DePIN model to provide high-performance physical infrastructure such as storage, telecommunications bandwidth, mapping, and energy. Unlike traditional blockchain projects, DePIN connects participants to real-world services through open, peer-to-peer networks, enhancing blockchain scalability and utility. SEC support for these projects signals a growing acceptance of functional, non-security tokens, allowing developers to innovate without regulatory constraints.

SEC’s No-Action Letter Bolsters Market Confidence

The SEC’s Division of Corporation Finance issued a no-action letter confirming that DoubleZero’s token distributions are functional incentives rather than securities. SEC Commissioner Hester Peirce emphasized that the 2Z token rewards work or services rather than promising profits, encouraging further innovation in the DePIN ecosystem. Other top DePIN projects, including Bittensor (TAO), Render, and Filecoin (FIL), have also benefited from increased attention following the SEC’s guidance.

Also Read: Coinbase ADA Holdings Skyrocket 460% as XRP Reserves Plunge 98% — What’s Going On?

2Z Price and Trading Activity Surge

Following the Coinbase announcement, 2Z price rose 3% over 24 hours, trading around $0.496. Trading volume jumped 35%, reflecting growing interest among traders. While 2Z initially surged over 100% after its debut, a large deposit by Jump Crypto led to a short-term correction. Futures markets remain active, with total 2Z open interest at $66.59 million, showing slight gains despite mixed activity on Binance and OKX.

DoubleZero’s Coinbase listing and SEC approval mark a turning point for DePIN projects. By bridging blockchain innovation with tangible infrastructure solutions, 2Z and similar tokens are carving a niche in the crypto market, attracting both investors and developers seeking functional utility.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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