Cryptocurrency

Coinbase Adds Support for Transactions on Polygon and Solana Blockchain Networks

Coinbase Adds Support for Transactions on Polygon and Solana Blockchain Networks #Coinbase #Adds #Support #Transactions #Polygon #Solana #Blockchain #Networks Welcome to JibGlobe, here is the new resources we have for you today:

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Coinbase Adds Support for Transactions on Polygon and Solana Blockchain Networks

On Thursday, June 23, cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) announced that it will be adding support for transactions on multiple blockchain networks. To begin with, Coinbase has chosen the Polygon and Solana blockchains.

As per the announcement, users will be able to transfer ETH and USDC, and of course MATIC, on the Polygon blockchain. This makes Polygon the first scaling network supported by Coinbase for the transfer of crypto assets. Similarly, Coinbase is also supporting the transfer of assets on Polygon and Solana.

We’re making it faster, easier, and cheaper to access web3: over the next month, eligible Coinbase customers will be able to send and receive ETH, MATIC, and USDC on @0xPolygon and USDC on @solana.https://t.co/vVLnk1DTZ2 pic.twitter.com/j93F4rKd6C

— Coinbase (@coinbase) June 23, 2022

The US exchange said that the native integration will make it easier for customers to convert their fiat to crypto and fund their Solana and Polygon wallets. The official announcement reads:

“Over the next month, eligible Coinbase customers will be able to send and receive ETH, MATIC, and USDC on Polygon, and USDC on Solana. The Polygon integration marks the first time Coinbase has enabled the ability to send and receive these assets on an L2 or sidechain”.

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