Coinbase Adds ETHGas Spot Trading Amid Growing Interest in Ethereum Blockspace Protocol
Coinbase Markets announced that spot trading for ETHGas (GWEI) will go live on February 24, 2026. The GWEI-USD pair will open subject to liquidity conditions at or after 9 a.m. PT.
This move comes roughly two weeks after Coinbase added GWEI to its listing roadmap on February 11. ETHGas is an Ethereum infrastructure protocol launched on mainnet in 2025, which introduces a forward market for blockspace.
GWEI is the governance token of the ETHGas protocol and has a fixed maximum supply of 10 billion tokens. Currently, around 1.75 billion GWEI tokens are circulating, representing approximately 17.5% of the total supply.
The token's market cap is around $53 million at current prices near $0.030. Early investors hold an average cost basis of roughly $0.0063, indicating significant sell pressure as vesting schedules progress.