Cryptocurrency exchange Coinbase has announced it will add support for Reserve Rights (RSR) on the Base network. The exchange also mentioned that the transfers are already available on both Coinbase and Coinbase Exchange in regions where trading is supported.
Coinbase Listing Coincides With Paul Atkin’s Development
According to the announcement, trading for RSR will begin on or after 9AM PT on April 22, 2025. The news comes as the RSR token shows strong price performance across multiple timeframes. The token has jumped 7.7% in the past 24 hours, 7.2% over seven days, and also 24.3% over the past month.
Coinbase will add support for Reserve Rights (RSR) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets
(@CoinbaseAssets) April 21, 2025
This upward momentum coincides with recent developments related to Paul Atkins, who has connections to the Reserve Rights project and was recently confirmed as President Trump’s next Chairman of the Securities and Exchange Commission.
The timing of Coinbase’s announcement has drawn attention given the token’s connection to Atkins. He previously served as an advisor to the Reserve Rights Foundation during the project’s early development phase.
The top crypto exchange has provided specific details about how the RSR token will be integrated into its platform. The exchange will support Reserve Rights exclusively on the Base network.
The roll-out will be phased and trading will commence on or after 9 AM PT on April 22, 2025. With that noted, the timeline is subject to liquidity levels being met. When sufficient supply of RSR is accumulated on the exchange, trading will start on the RSR-USD trading pair first.
Atkins Connection And RSR Listing
Coinbase’s timing of listing RSR has been questioned due to the token’s connection to Paul Atkins. Atkins served as an advisor to the Reserve Rights Foundation. This was when the project was still in its early phase of development.
As a former SEC Commissioner before accepting his advisory role with Reserve Rights, Atkins advised the project when it was beginning. Reserve’s co-founder and CEO Nevin Freeman publicly praised Atkins’ contribution to the project. He also complimented his balanced way of regulating cryptocurrencies.
I’m pleased to hear that Paul Atkins is in the running for SEC chair!
Paul has been open to working with crypto clients in his consultancy since 2017. I believe he would take a principled approach and I’d be very excited to work with him and his team on productive rule makings… https://t.co/Xp88ha0H8z
— Nevin Freeman
(@nnevvinn) November 28, 2024
Market experts have credited RSR’s recent price appreciation partially to hopes that Atkins’ SEC Chair nomination could bring a crypto-friendly regulatory period for cryptocurrency projects. This can be seen from the token’s robust performance.
The recent announcement comes amidst Coinbase’s renewed legal battle as Oregon’s Attorney General prepares to file a securities enforcement action against the cryptocurrency exchange.
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