In a strategic move validating the tokenization of digital collectibles, leading cryptocurrency exchange Coinbase has added the native tokens for premier NFT collections Doodles (DOOD) and Moonbirds (BIRB) to its official listing roadmap. The announcement was made public on April 2, 2025, from the company's San Francisco headquarters.
The Coinbase listing roadmap serves as a public indicator of assets under consideration for potential trading support. Inclusion initiates a rigorous technical and compliance integration process but does not guarantee a final listing. This follows a pattern of the exchange embracing assets from established Web3 cultural brands, such as the prior roadmap inclusion and subsequent listing of ApeCoin (APE) for the Bored Ape Yacht Club.
The Doodles project, a community-driven NFT collection launched in October 2021, uses the DOOD token for governance and ecosystem access. Moonbirds, a collection of 10,000 pixelated owl NFTs created by Proof Collective, utilizes the BIRB token for similar governance purposes within its ecosystem. Market analysts view the development as a significant step in asset maturation. "Platforms like Coinbase providing a regulated on-ramp for these tokens significantly reduces friction for institutional and retail investors alike. It legitimizes the underlying IP and business models," noted Dr. Lena Chen, a blockchain economist at the Stanford Digital Asset Research Initiative.
The path to a full listing involves navigating intense regulatory scrutiny from bodies like the U.S. Securities and Exchange Commission (SEC). Coinbase's advancement of these tokens suggests its compliance teams have conducted preliminary analysis believing they can meet necessary legal standards under 2025 frameworks. Following the announcement, data from DEX aggregators showed a 15% increase in trading pairs for DOOD and BIRB, and the Moonbirds NFT collection saw its floor price rise over 10%.
This event reflects a broader macro-trend of fractionalizing and trading intellectual property and cultural value on open markets. By onboarding tokens from blue-chip NFT projects first, Coinbase mitigates risk while building a foundation for potentially adding more niche tokenized assets in the future, signaling a strategic expansion beyond traditional cryptocurrencies.
