As per PANews, Coinbase has now enabled users to deposit and withdraw SOL via the Base network, utilizing the Base Solana bridge for cross-chain transfers. SOL can be used as an ERC20 token on Base, allowing seamless interaction with the Solana network. However, the feature is currently unavailable for users in New York, Japan, Germany, Canada, the UK, Singapore, Hong Kong, the Philippines, Taiwan, South Korea, the UAE, New Zealand, and parts of Europe.
Coinbase Adds Base Network Support for SOL Deposits and Withdrawals
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Summary
Coinbase has added support for SOL deposits and withdrawals via the Base network, using the Base Solana bridge for cross-chain transfers. The token can now be used as an ERC20 on Base, enabling interaction with Solana. The feature is not available in New York, Japan, Germany, Canada, the UK, Singapore, Hong Kong, the Philippines, Taiwan, South Korea, the UAE, New Zealand, and parts of Europe. What is notable is the integration of Base’s infrastructure to expand token utility.
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