Coinbase To List Crypto Assets from Solana Ecosystem

Last updated: Mar 30, 2023
2 Min Read
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Coinbase, the biggest crypto exchange in the US, is planning on introducing a new set of tokens from the Solana (SOL) ecosystem.

According to a report from CoinDesk, Coinbase plans on allowing withdrawals of SPL, which is “Solana Program Library,” Solana’s version of Ethereum’s ERC-20s.

Four people familiar with the matter told CoinDesk the news with one of them adding that Solana-native USDC would be among the supported assets. No other crypto assets were revealed.

CoinDesk’s sources said that the features could come online in the near future, but no timeline was given.

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Up until now, Coinbase has only offered Ethereum tokens and bigger layer-1 altcoins like Algorand (ALGO) and Cosmos (ATOM).

The move would be in line with the exchange’s stated goal of listing as many new crypto assets as possible this year, with the only real hurdle being regulatory compliance.

In a recent blog post, Coinbase’s chief legal officer Paul Grewal said the exchange aimed to “list every complaint asset possible.”

“In our ideal world, Coinbase would simply list every asset that met the requisite legal and cybersecurity standards, while giving our customers as much information as possible to make educated investment decisions. Being listed on our exchange would not be considered an endorsement; it would simply be an indication that the asset had met our listing standards.”

Prominent SPL tokens include Serum (SRM), Raydium (RAY) and Star Atlas (ATLAS).
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