Coinbase will open spot and perpetual futures trading for $PEARL on Friday, November 13, at or after 12:00 UTC, according to an announcement from its listings account @CoinbaseAssets. Trading will be available in select jurisdictions only.

PEARL climbed to $1.59 after the announcement, up 9.02% over 24 hours.

From Roadmap Addition to Trading Date

The debut follows Coinbase's decision on October 19 to add Pearl to its asset listing roadmap alongside Axis Labs (AXIS) and Stable (STABLE). Crypto Briefing reported that the exchange tied trading for all three assets to market-making support and technical readiness, and said it would announce launch dates separately once those conditions were met.

Pearl attracted trading interest in the weeks after the roadmap announcement. Yahoo Finance reported that the token reached $2.27 as listing expectations and the project's AI-computing narrative drew attention, with a market capitalisation close to $800 million according to CoinGecko data. Coinbase's own price page lists an all-time high of $2.46 for the token, so the current price of $1.59 sits well below that level.

Perpetual futures can amplify price moves in either direction, and Yahoo Finance noted that traders may watch whether leveraged positioning grows faster than spot demand.

What Pearl Does

Pearl (@prlnet) is a Bitcoin-style chain where miners earn coins by performing matrix multiplication on GPUs, the same kind of computing used by AI models. According to KuCoin's explainer, the Layer-1 network launched its mainnet on April 27, 2026, and replaces conventional hash-based proof-of-work with matrix multiplication. The project calls the mechanism Proof-of-Useful-Work.

The design has drawn scrutiny over how useful the work is in practice. A June 2026 preprint, "The Usefulness Gap in Proof-of-Useful-Work", examined 8,012 workers and concluded that the dominant mining software contained no inference code, according to the same KuCoin explainer. Yahoo Finance has also reported that much of the early mining rush ran inference that nobody requested or paid for.

Coinbase has not said whether it will add further markets for the token beyond the spot and perpetual futures listings announced for Friday.

Sources:

  • Crypto Briefing: Coinbase adds AXIS, PEARL, and STABLE to its asset listing roadmap

  • Yahoo Finance: Pearl Crypto Price Explodes: Coinbase Buzz Fuels Mystery Rally

  • KuCoin: What Is Pearl Blockchain?