Coinbase Expands Solana Support with New On-Chain Trading Feature
Coinbase, the largest cryptocurrency exchange in the US, has made a revolutionary new announcement regarding its support for the Solana ecosystem.
The exchange is expanding its Solana support, enabling the trading of all Solana (SOL)-based tokens on its decentralized exchange (DEX) without requiring a formal listing process.
'Breakpoint 2025' Event Unveils Instant Token Trading
At its 'Breakpoint 2025' event, held at the Etihad Arena in Abu Dhabi, Coinbase introduced 'On-Chain Trading.' This innovative feature allows new tokens created on the Solana network to be traded instantly, bypassing the traditional listing process.
This new functionality means users can buy and sell any Solana-based token directly through the integrated decentralized exchange, even if the asset has not been officially listed on the Coinbase platform.
The feature facilitates direct transactions with Solana-based tokens, with payment options including USDC, cash, bank accounts, or debit cards.
Goal: Instant Accessibility for Millions of New Tokens
Andrew Allen, Coinbase's Solana product lead, elaborated on the vision behind this feature. He stated, "The goal is to make millions of newly created tokens instantly accessible to all users."
Allen further explained, "Users can instantly buy and sell millions of newly created tokens on Coinbase, and issuers can instantly reach a global user base without needing a separate listing."
He added, "We'll be launching early access to the new feature next week and, together with the Solana community, we'll be setting a new standard for on-chain financial experiences."