Coinbase Pro Now Accepting Inbound $SOL

Inbound transfers for $SOL are now available in regions where trading is supported.

By
Utulu Hope
on
May 22, 2021
Category:
Breaking News

Coinbase Pro Launches Solana (SOL) 

Highly-trusted crypto trading platform Coinbase Pro has announced that inbound transfers for $SOL are now available in regions that support trading. The platform announced the launch of Solana (SOL) on the 20th of May, 2021. According to the Tweet, trading will kickstart from the 24th of May if liquidity conditions are satisfied. 

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Coinbase Continues to Explore Support For New Digital Assets 

The platform has received some brilliant reviews and interests from a host of clients in the past. However, customers have made several requests, the most common being the option to trade multiple assets. Coinbase has added support for many assets to satisfy the needs of its customers, and is now adding the SOL token to its collection! 

According to the platform’s official blog statement, they are anticipating even more assets in the future. Coinbase continues to explore support for new assets with the variety of assets at their disposal. The platform recently added trading support for many digital assets along with supporting additional order books. The most significant assets added include Uniswap (UNI), 1inch (1INCH), SushiSwap (SUSHI), Polygon (MATIC), Synthetix (SNX), Wrapped Bitcoin (WBTC), Mirror Protocol (MIR), Tether (USDT), and many more. 

Beginning from the 20th of May, Coinbase will accept inbound transfers of SOL — the native token of Solana. Trading will start on Monday, May 24th at 9am PST if liquidity conditions are met. 

Once the supply of SOL is fully established on Coinbase, they will introduce trading on its SOL-USD, SOL-EUR, SOL-BTC, SOL-USDT, and SOL-GBP order books in three stages. Those stages are post-only, limit-only, and full trading. If any order books do not support an orderly market, it will be limited to an order book over a long time, or trading will be suspended according to its Trading Rules. Coinbase will publish tweets concerning the order books as they move through each phase. 

Important Notice: SOL is unavailable on Coinbase.com or through mobile applications. An announcement will be made when this support is integrated. 


About Coinbase Pro

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Coinbase Pro is a fast and trusted platform to trade cryptocurrencies. The project supports cryptocurrencies to native currency trading pairs in the UK (GBP), United States (USD), and European Union (EUR). Coinbase also supports crypto-to-crypto trading in over 100 countries. Users can quickly deposit and withdraw funds anywhere across the globe, making trading a seamless experience. 


Final Thoughts 

The addition of SOL support to Coinbase is yet another significant development for the adoption of Solana, given that Coinbase is a big name when it comes to cryptocurrency trading. Solana users now must wait patiently for liquidity conditions to be satisfied before trading can start effectively, but the news spells only big things to come for the blooming chain and token.  

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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.