SCOOP: coinbase is close to supporting the Solana version of Ethereum’s ERC-20 tokens, sources say. realDannyNelson reports
Solana projects listed on stage during a panel at the network's 2021 Breakpoint conference in Lisbon, Portugal.
Coinbase is readying its trading rails for Solana ecosystem tokens, four sources familiar with the plans told CoinDesk. The U.S.-based crypto exchange plans to allow withdrawals of SPL, or “Solana Program Library,” tokens – Solana’s answer to Ethereum’s ERC-20 – the sources said. One person added that Solana-native USDC, with itsSources said the features could come online in the near future. Coinbase declined to comment.
Listing SPL tokens would appear to mark a major development in Coinbase’s token onboarding strategy. Up to now, it has only listed Ethereum-based coins and flagship Layer 1 assets such as Algorand and Cosmos , a review of its listings found.he tweeted in June 2021That said, Solana’s landscape of decentralized finance coins – for exchanges, staking protocols and more – is still relatively small in terms of market value.
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