Coinbase launches GROVE-USD spot trading as Bybit schedules GROVE listing

Coinbase launched GROVE-USD spot trading on July 6 in limit-only mode and has now enabled full trading with limit, market and stop orders on Coinbase Exchange and Coinbase Advanced. The pair had been added to Coinbase’s public listing roadmap around June 23-24, 2026, and GROVE rose more than 25% after trading began even under the initial order restrictions. Separately, Bybit said it will list GROVE on spot on July 7, 2026, with deposits opening earlier that day over the ETH network, withdrawals starting July 8, and two Token Splash campaigns offering a combined 4,000,000 GROVE in rewards. The listings expand centralized-exchange access for Grove, a protocol in the Sky Ecosystem, the rebranded version of MakerDAO, the decentralized finance project behind the DAI stablecoin. Grove Protocol focuses on linking DeFi yield strategies, tokenized real-world assets and stablecoin returns across multiple blockchains. GROVE is an ERC-20 token on Ethereum with a fixed total supply of 10 billion and governance and utility functions. Grove Protocol reported total value locked of between $2.46 billion and $2.61 billion at the time of the Coinbase listing, including roughly $1.99 billion on Ethereum alone. The protocol also made a notable move in June 2025 by allocating $1 billion into tokenized collateralized loan obligations.