(CoinDesk) US largest crypto exchange Coinbase is reportedly preparing to list Solana ecosystem tokens in its promise of including “every” allowable token.
Coinbase is expected to allow withdrawals of “Solana Program Library” or SPL tokens, which are considered similar to Ethereum’s ERC-20.
Solana-native USDC, with a circulative supply of about $4.8 billion, is set to be among the supported assets.
The listing of SPL tokens is viewed as a major development in the onboarding strategy of Coinbase, which up to now has considered Ethereum-based tokens and layer one assets such as Algorand and Cosmos.
Solana’s tokens still lag behind peers in terms of market value, with the biggest SPL coin, Serum or SRM, having a $281 million market cap. The value is below Ethereum-based tokens such as Chainlink’s LINK and Shiba Inu’s SHIB, which are hitting almost $10 billion.
SOLUSD is down -0.23%.
