Coinbase Lists ETHGas Spot Trading Amid Growing Interest in Ethereum Blockspace Protocol
Coinbase has expanded its offerings by adding spot trading for ETHGas (GWEI) to its platform. This move follows the token's inclusion on Coinbase Futures since February 11, 2026. GWEI is an Ethereum infrastructure protocol that allows validators, builders, and searchers to buy and sell block inclusion rights ahead of time.
The GWEI-USD pair will go live on Tuesday, February 24, 2026, subject to liquidity conditions. ETHGas was launched on mainnet in 2025 and has a fixed maximum supply of 10 billion tokens, with approximately 1.75 billion currently circulating.
GWEI is the governance token of the ETHGas protocol, an ERC-20 token deployed on Ethereum that grants holders voting power over protocol parameters, treasury allocations, and upgrades. The token has seen significant derivatives activity, including a 30% price rally after its Binance perpetual contract launch on January 29.
The 'proof of pain' airdrop in January rewarded historical Ethereum gas spenders with GWEI, driving a 90% price jump within 24 hours. ETHGas raised $12 million from Polychain Capital and Amber Group.