The US based crypto exchange giant Coinbase is reported to move forward in the direction of listing the Solana Ecosystem Tokens on its platform to move further from the Etherverse tokens that it was in a habit to list. The move is said to be the resultant of its CEO’s vision to list “every ” allowable crypto on its platform.
Coinbase is readying its platform for listing the Solana Ecosystem Tokens as sources revealed. The SPL tokens or the ‘Solana Program Library’ tokens are the tokens that are Solana’s answer to the ERC20 tokens on Ethereum. The Solana native USDC, a stable coin, is one of the potential candidates of listing on the Coinbase platform with its $4.8 Billion worth of circulation at the moment.
Though the date or anything about the listing is not revealed by Coinbase but the sources believe that it will be done in the near future. The CEO of Coinbase, Brian Armstrong revealed his goal of listing “every” crypto asset where it is legal to do so, back in June 2021. Thus, Coinbase is moving in the direction of the goal put forth by its CEO.
Though, the Solana ecosystem tokens are quite smaller as per their market cap than the market cap of the Ethereum ERC Tokens, but the Solana ecosystem is growing at a rapid pace and is in its infancy and thus has a huge growth potential. The listing of tokens will be huge for the whole Solana Ecosystem.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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