Coinbase Brings Solana Tokens On-Chain, No Listings Needed
Coinbase will let investors trade Solana tokens on-chain through a built-in DEX in its app, bypassing the need to wait for traditional listings on the exchange.
The update, revealed at the Solana Breakpoint event in Abu Dhabi, will give Coinbase’s 100 million users immediate access to Solana’s entire token ecosystem.
The launch highlights that exchanges are shifting toward hybrid models, combining centralized interfaces and decentralized execution.
In a presentation at the Breakout event, Andrew Allen, a protocol specialist at Coinbase, said the exchange wants to make the fast-growing Solana ecosystem easily accessible to everyday users.
“Millions of assets are launching on-chain every day, and we think these should be accessible to all of our users,” Coinbase protocol specialist Andrew Allen said during the presentation.
Allen said during the presentation that the feature will roll out to any token with “sufficient liquidity,” though he did not clarify what level of liquidity would qualify.
“Coinbase is specifically expanding to Solana,” he said. “This means very soon you’ll be able to open up the Coinbase app and see native Solana assets on Coinbase, maybe even your own.”
His presentation showed users would be able to trade Solana tokens using a bank card or USDC.
Solana said the move demonstrates the evolution of on-chain activity on the blockchain and positions it as one of the rapidly growing platforms in the crypto space.
DEX Access Fuels Solana’s Expanding Ecosystem
The rollout comes as Coinbase deepens its partnership with Solana and just a month after Coinbase announced its acquisition of Solana-based trading platform Vector to expand its on-chain trading capabilities.
Solana DEX volume peaked in January at $313 billion for the month, but has since fallen back to average over $100 billion, according to DefiLlama data.
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