Home Coinbase Makes Every Solana Token Tradable Overnight in Its Biggest Update of the Year

Coinbase Makes Every Solana Token Tradable Overnight in Its Biggest Update of the Year

Share
Coinbase Unlocks DEX Trading For All Solana Tokens
News
Share

Coinbase’s 100 million customers may now trade any Solana token directly through a built-in DEX without the need for a traditional listing, thanks to one of its most revolutionary Solana integrations to date. 

Coinbase Makes Every Solana Token Tradable Overnight in Its Biggest Update of the Year

The innovation, which was unveiled live at Solana Breakpoint, represents a paradigm shift for on-chain access and significantly increases the visibility and reach of Solana’s rapidly expanding ecosystem.

By utilising on-chain liquidity from Solana-based DEXs, customers may now trade any Solana asset for the first time while remaining within Coinbase’s recognisable user experience. 

In addition to receiving tokens straight into their native Solana wallets, traders can finance purchases with USDC, bank transfers, or debit cards. 

As a result, entering Solana’s growing market is simple and doesn’t require complicated wallet installations or third-party programs.

Coinbase Protocol Specialist Andrew emphasised the shift during the keynote: “No listings are necessary. A token that has liquidity can be instantaneously accessed by millions of people. 

This eliminates a significant obstacle for developers. Token distribution is now quicker, more equitable, and more in line with the open-finance philosophy since projects no longer require centralised approvals to reach a worldwide audience.

Coinbase acknowledged increased Solana integration throughout the platform, going beyond swaps. As a result of the network’s growing momentum, users will soon be able to monitor and control Solana assets with the same ease as Bitcoin and Ethereum.

Additionally, Ellipsis Labs’ Phoenix Perpetuals, a Solana-native perps DEX with rapid onboarding and gasless trade, was highlighted by Breakpoint. The announcements support Solana’s development into a high-performance, user-friendly trading ecosystem when combined with Coinbase’s update.

 

Share

Leave a comment

Leave a Reply

Latest News

Ethereum L1 Tops Public Networks With Over $19B In Tokenized Assets
News

Ethereum L1 Tops Public Networks With Over $19B In Tokenized Assets

Ethereum has maintained its position as the leading public blockchain for tokenized real-world assets (RWAs), hosting more than $19 billion in tokenized funds, according...

IMF Warns Dollar Stablecoins Could Increase Currency Crisis Risks
News

IMF Warns Dollar Stablecoins Could Increase Currency Crisis Risks

A new working paper published by the International Monetary Fund (IMF) has suggested that U.S. dollar-backed stablecoins can improve access to foreign...

Bitcoin, Ether ETFs End Eight-week Outflow Streak With $282M Weekly Inflows
News

Bitcoin, Ether ETFs End Eight-week Outflow Streak With $282M Weekly Inflows

U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) returned to weekly net inflows for the first time since early May, attracting a...

Bitcoin's BIP-110 Proposal Faces Growing Resistance Ahead Of Deadline
News

Bitcoin’s BIP-110 Proposal Faces Growing Resistance Ahead Of Deadline

The proposed Bitcoin Improvement Proposal (BIP-110), which aims to limit the storage of non-financial data on the Bitcoin blockchain, is facing strong...

Related Articles

Crypto Savings 101: How To Earn Passive Income From Stablecoins

Introduction Let’s imagine a hypothetical situation of wanting to sell Bitcoin after...

How To Know What Drives The Price Of AI Tokens?

Have you ever wondered why some Artificial Intelligence (AI) tokens witness huge...

5 Ways You Can Make Money From AI Tokens

AI Tokens are perhaps the hottest trend in the cryptocurrency market today...

Rise Of AI Memecoins: How AI Is Redefining Memecoin Trading

The world of cryptocurrency has always been full of surprises, but the...