Key Highlights
- Coinbase announced that it will now allow SOL deposits and withdrawals via the Base network
- Recently, it announced the integration with Jupiter, which allows users to trade Solana-based tokens directly from their Coinbase app
- With numerous integrations and acquisitions, the crypto firm is planning to buildan Everything App
On December 23, the ecosystem around Coinbase revealed a new connection between its own Base network and the Solana blockchain.
According to the latest announcement, the new development means that users can now take Solana’s native token, SOL, and other tokens built on the Solana standard, and deposit them directly into applications on the Base network.
They can trade these assets within the Base ecosystem and move them back to the Solana blockchain without any complicated process.
This bridge is the result of collaboration between Coinbase, the Base team, and the oracle service provider Chainlink. This collaboration shows a major connection between Ethereum’s scaling ecosystem, through Base, and the Solana blockchain.
This implementation will be open-source, which means that the code will be publicly available on GitHub for developers to inspect. This connection will allow developers to develop hybrid applications that use Solana’s speed alongside Base’s strong connections to the wider Ethereum network of applications.
Solana Trading Within the Coinbase Application
In recent months, Coinbase has expanded direct support for Solana inside its main consumer application. Through an integration with Jupiter, which is Solana’s leading decentralized exchange aggregator, Coinbase app users can now trade millions of different Solana-based tokens directly.
This upgrade will remove the need for users to manage separate wallets or manually switch networks. It will provide a simple experience backed by Coinbase’s own security features.
In 2025, Coinbase announced 110 new spot listings, which allowed it to grow its platform to over 350 tradable assets across the crypto ecosystem.
Coinbase Aims to Build An “Everything App”
At a company event called the Coinbase System Update on December 17, the cryptocurrency exchange unveiled a range of new products, which are trying to fit various products, like trading, payments, and money management into one interface.
“Coinbase is bridging the gap between traditional investments and crypto by introducing stock trading to our core trading experience. Today, we begin rolling out stock trading to Coinbase users in the United States. You will now be able to buy, sell, and manage leading stocks and ETFs alongside your crypto portfolios – with USD or USDC – all within one Coinbase app and account. This integration is key to our Everything Exchange mission and simplifies portfolio management, allowing you to diversify your investments and access both traditional and digital assets all in one place,” stated in the official announcement.
Just recently, the cryptocurrency firm announced its partnership with prediction markets, launched in partnership with a regulated U.S. platform called Kalshi. This allows users to trade on the outcomes of real-world events, such as economic reports, sports games, or cultural awards, directly within the Coinbase app.
Apart from this, Coinbase has announced that it has agreed to acquire The Clearing Company, which is a startup that specializes in the regulated infrastructure for on-chain prediction markets. The deal is expected to close in early 2026. This acquisition is expected to boost Coinbase’s plans for scaling a regulated event trading business.
“This offers a unique way for Coinbase users to engage with global events, whether you’re forecasting the next big political shift or the outcome of a championship game. You will be able to manage your prediction market positions alongside your existing crypto, equities, and cash balances in the same trusted, simple, and unified interface you know,” stated in the announcement.
Base App is developed as an on-chain “everything app” that unites social features, trading, payments, app discovery, and ways to earn digital assets, all in one platform that runs natively on the Base network.
Also Read: Coinbase Expands Beyond Crypto With Stocks and Prediction Markets
Source: https://www.cryptonewsz.com/coinbase-solana-sol-withdrawals-deposits-base/
