Coinbase Lists ETHGas Spot Trading
Coinbase has announced that spot trading for ETHGas (GWEI) will go live on Tuesday, February 24, 2026. This move comes after the token's inclusion in Coinbase's listing roadmap on February 11 and its existing availability on Coinbase Futures since then.
ETHGas is an Ethereum protocol launched on mainnet in 2025 that introduces a forward market for Ethereum blockspace. Validators, builders, and searchers can buy and sell block inclusion rights ahead of time instead of competing in real-time spot auctions at block production.
GWEI is the governance token of the ETHGas protocol, an ERC-20 token deployed on Ethereum that holders can stake to receive veGWEI. The token has a fixed maximum supply of 10 billion, with approximately 1.75 billion currently circulating and a market cap of around $53 million.
The Coinbase spot listing expands retail access to GWEI, which has already seen significant derivatives activity, including a 30% price rally after its Binance perpetual contract launch on January 29. The protocol was founded by Kevin Lepsoe, a former financial engineering lead at Morgan Stanley with experience in structured products and low-latency systems.