(Coinbase) US crypto exchange Coinbase has announced the support for Solana’s SOL and the ecosystem tokens on its wallet.
Coinbase said the addition of Solana tokens reflects an exponential growth in its ecosystem in the last twelve months as investors look for cheaper alternatives to Ethereum.
The crypto exchange also said it plans to “further integrate” Solana with decentralized applications and non-fungible tokens hosted on the network.
The support now means that Solana-based wallet users such as Solflare and Phantom can import their existing wallets into the Coinbase wallet.
The announcement comes days after US crypto exchange launched Coinbase Pay, which allows users to fund their wallets through a web browser extension.
Coinbase wallet has previously been supporting Ethereum, Polygon, Bitcoin, Avalanche, BNB Chain, Litecoin, Dogecoin, Ripple, and Stellar Lumens.
SOLUSD is down -2.03%.
