While Coinbase Solana has not made any confirmation or rejection comments about listing ecosystem tokens, the exchange is allegedly going to launch this move soon.

Solana, which has been criticized for being centralized but also backed by large investment companies, continues to rebel against Ethereum. Coinbase has also claimed for the tokens in Solana's own ecosystem, which has emerged as an alternative to the cost and bottlenecks of transaction fees in Ethereum for a while.

According to the news that CoinDesk based on 4 sources that he did not disclose, Coinbase; It is preparing to open its doors to “Solana Program Library” tokens, also known as SPL tokens, in the near future. Sources describe the SPLs as “Solana’s answer to Ethereum.” According to the detailed information given by a source, Solana-based USDC, which has a market value of $ 4.8 billion, will be one of the first coins to be listed in this sense.


Armstrong emphasized “Every coin that can be listed”.

The fact that Coinbase will list SPL tokens is in line with its recent policy. Brian Armstrong, CEO of Coinbase, which has so far only listed Ethereum-based tokens and layer 1 cryptocurrencies such as Algorand and Cosmos (ATOM), also emphasized “listing every legal coin” in a tweet he sent in June and said: He gave the message that they wanted to go beyond Ethereum as well.

Still too small in terms of market value

It is possible to say that Solana ecosystem tokens are far behind Ethereum-based tokens. The largest coin in the ecosystem is Serum, which currently has a market cap of $281 million. The Shiba Inu alone has a market value of $10 billion.

CoinDesk sources, on the other hand, did not provide information on which jurisdiction Coinbase will list SPL tokens in first, or which tokens will be traded.