Coinbase Wallet Adds Support for Solana ($SOL) Ecosystem

Crypto exchange Coinbase has announced support for the Solana ecosystem on Coinbase Wallet’s desktop extension.

According to the Coinbase’s blog post, “users can now manage their Solana (SOL) and Solana tokens (SPL) alongside their tokens held on all of Coinbase Wallet extension’s supported networks, including Ethereum, Avalanche, Polygon, BNB Chain, and many more,” which “allows users to unlock more of web3 without needing to manage multiple wallets.”

Coinbase says that this update “makes it easier to keep track of all your crypto across an ever-growing range of supported networks, without the need to manage multiple wallet apps.” Furthermore, Coinbase Wallet “plans to further integrate with the Solana ecosystem, including the ability for users to connect to Solana dapps, and the ability to view and manage their Solana NFTs directly within their Coinbase Wallet extension.”

The blog post went on to say that “up until now, users who wanted to explore the Solana ecosystem or hold SOL and SPL tokens had to create yet another crypto wallet, manage an additional app or browser extension, and keep track of their assets across multiple surfaces.” Starting on March 17, it became possible for Coinbase Wallet extension users to “store, send, and receive Solana (SOL) and all of its SPL tokens alongside all of their EVM-compatible assets, including tokens held on Ethereum, Avalanche, Polygon, BNB Chain, and many more.”

This release “makes SOL and SPL tokens available on the browser extension,” which means that “if you use Coinbase Wallet on both mobile and desktop, you’ll only see the SOL and SPL tokens that are in your wallet when using Coinbase Wallet extension.” It should be noted that users “will not be able to see them in the Coinbase Wallet mobile app.”

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