In accordance with CoinPaper, Coinbase Exchange has expanded its Solana support by enabling deposits and withdrawals through the Base network. The update allows users to move SOL between Solana and Base with fewer steps and access SOL liquidity inside Ethereum-based applications. The new option treats SOL on Base as an ERC-20 compatible asset, enabling users to deploy it in Base-based decentralized applications. The feature reduces reliance on third-party bridges and streamlines asset movement within Coinbase's ecosystem. However, access is restricted in several regions, including New York, Canada, the UK, and Japan.
Coinbase Enables Direct SOL Transfers Between Solana and Base
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Summary
Coinbase, a secure digital asset platform, has enabled direct SOL transfers between Solana and Base. The update allows users to move SOL with fewer steps and access liquidity on Ethereum-based apps. SOL on Base is now ERC-20 compatible, supporting use in Base-based dApps. The feature cuts reliance on third-party bridges and improves asset movement within Coinbase’s ecosystem. Availability is limited in New York, Canada, the UK, and Japan.
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