Coinbase now offers Solana trading in its app.
Coinbase has taken a bold step into permissionless market, allowing its 100 million users to instantly access all tokens launched by Solana, with no need to wait. Solana is now a high priority for the company’s broader product strategies.
Coinbase brings full Solana Token access to its app
Andrew, a Coinbase protocol specialist, gave a talk at Solana Breakpoint. explained The company is working to reach out and make easy the rapidly growing Solana Ecosystem for users.
“Millions of assets are launching on-chain every day, and we think these should be accessible to all of our users,” He said.
Coinbase, according to Mr. He, has integrated DEX natively into its app, which allows it to support “the same easy-to-use interface… now allowing you to trade any token on Solana.”
Users can now pay in USDC or cash. They can also use their bank accounts and debit cards. Builders do not need to be listed as long as they have sufficient liquidity.
“For our users, this means they get early access to millions of tokens,” He also added. “For issuers and builders… you can be accessible to the millions of users on Coinbase without getting listed.”
The Solana Foundation amplified The announcement about X is written as follows: “every Solana token will be available instantly to trade by 100 million users on Coinbase,” Framing this development as an expansion of network reach.
Solana was also in the room at the same time. highlighted Ellipsis Labs has launched Phoenix Perpetuals to add momentum in the Solana native trading infrastructure.
Market Reaction
SOL’s price fell over the month, despite the increasing news flow. The token’s price was $131 at the time this article was written, after a drop of 6% over the past 24 hours.
SOL has fallen by around 40% in the last year due to an overall slowdown. The trading volume is still high, at $7.4billion in the last day. This shows that the market was active even when the price fell.
It is important to consider the broader context. Solana has just come off of a strong period in which the ecosystem expanded. This included a growing institutional interest and Invesco’s Solana ETF, which is reportedly nearing launch.
Coinbase is encouraged by the news, particularly after recent reports. revealed The collapse of the planned acquisition by BVNK of stablecoins worth $2 billion. This is an important step in both companies’ development, as it allows their 100 million estimated users to instantly access every Solana coin.
Post Coinbase Launches Solana DEX Trading for 100M Users First on CryptoPotato.
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Source: cryptopotato.com
