Coinbase Lists ETHGas Spot Trading Amid Growing Interest

Coinbase announced that it will begin offering spot trading for ETHGas (GWEI) on February 24, 2026. This move comes about two weeks after Coinbase added GWEI to its listing roadmap on February 11, 2026.

GWEI is the governance token of the ETHGas protocol, which allows validators, builders, and searchers to buy and sell block inclusion rights ahead of time. The protocol was launched in 2025 and has already seen significant derivatives activity, including a 30% price rally after Binance introduced perpetual contracts on January 29.

The token's market cap is approximately $53 million, with around 1.75 billion GWEI tokens currently circulating out of a total supply of 10 billion. Early investors have an average cost basis of roughly $0.0063, which could lead to meaningful sell pressure as vesting schedules progress.