Coinbase expands altcoin support in Germany

Approved by Germany’s regulator BaFin in 2021, the exchange became the first to receive a crypto custody licence in the country.

Coinbase has added eight new cryptocurrencies for trading and storage in Germany, including Aethir, Rocket Pool, and Pudgy Penguins.

Coinbase has introduced eight new cryptocurrencies for its users in Germany, expanding access to assets through its website and mobile apps. The supported tokens include Rocket Pool (RPL), Pudgy Penguins (PENGU), Renzo (REZ), Reserve Rights (RSR), Aethir (ATH), Syrup (SYRUP), Pendle (PENDLE), and Layer3 (L3).

Users can now buy, sell, convert, and store these tokens using the exchange’s licensed platform.

Some tokens saw notable price movement following the announcement. Aethir’s token surged more than 12% to $0.052, while Rocket Pool rose by roughly 3% to $4.71. However, Syrup and Pendle, which had surged recently, declined despite the news.

Pendle remains a top 100 token by market capitalisation, with a value exceeding $700 million.

Coinbase’s expansion follows its 2021 approval by Germany’s financial regulator, BaFin. It became the first exchange to receive a crypto custody licence in the country.

The company has since continued to grow in Europe, acquiring Cyprus-based brokerage Bux in January 2025 to secure a MiFID II licence and enhance its regional presence.

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