As Coinbase CEO Brian Armstrong said in the summer of this year, the top cryptocurrency exchange is working tirelessly to list as many altcoins as possible. Now the exchange’s mission to list “every” eligible crypto in existence is what’s been called Solana’s answer to the ERC-20. tokens It’s taking a big step forward with its listing plans.
Top US crypto exchange Coinbase is preparing to list its Ethereum rival Solana (SOL) ecosystem tokens in the near future, four sources familiar with the company’s plans have told CoinDesk.
According to a recent report, the crypto exchange giant is seen as Solana’s answer to Ethereum’s ERC-20 tokens and is Solana’s smart contract token standard. Solana Program Library (SPL) It will start allowing your coins to be withdrawn.
If the plan is implemented, the exchange will launch SOL and various Ethereum-based tokens and interoperable blockchain. Cosmos (ATOM) This will be the first time Coinbase has offered Solana-based coins to customers.
Shiba inu (SHIB) and Chainlink (LINK) While Ethereum-based tokens like these have a market value of close to $10 billion, the largest SPL token by the same metric, with a market value of over $300 million, according to Coinbase data. Serum (SRM)
Anonymous sources said that this feature will be implemented in the “near future”, but did not give an exact date. The stock market did not make an official statement on the subject.
One of the sources is the popular Solana-based stablecoin USD Coin (USDC) reported that it will be among the digital assets offered by the crypto exchange. No further information has been provided about which SPL tokens will be supported.
Last year, Coinbase CEO and billionaire Brian Armstrong shared on Twitter that the goal of the crypto exchange is to list every legally permitted digital asset.
1/ Reminder about how Coinbase lists assets: our goal is to list *every* asset where it is legal to do so.
— Brian Armstrong – barmstrong.eth (@brian_armstrong) June 28, 2021
“Reminder on how Coinbase lists assets: Our goal is to list every legitimate asset…
We are working hard to respond and engage with amazing asset issuers who are doing their own hard work day and night to keep up with the incredible amount of assets being issued and build the future of this industry.”
At the time of writing, Solana is changing hands at $96.48, up 17 percent from a seven-day low of $82.38.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.