Coinbase Eyes Listing Solana’s SPL Tokens, Expands SOL Crypto Influence

Despite the current market situation, crypto projects continue to upgrade their technology to provide their community with the best user experience. Coinbase, a platform that enables users to buy, sell, and store crypto, is eyeing Solana Program Library (SPL) tokens.

According to various media sources, Coinbase plans to list Solana’s SPL tokens on its platform. Once listed, traders can seamlessly transact and enjoy various SPL tokens that are considered the answer of Solana to ERC20.

The native stable coin of Solana — USDC will be one of the assets to be supported by the exchange. Indeed, this kind of news brings excitement to both Solana and the Coinbase community.

Meanwhile, the Coinbase exchange remains to be the top three spot exchanges in CoinGecko with a trust score of 10. Furthermore, the exchange keeps maintaining its 24-hour volume amounting to more than $5.5 billion. This means that Coinbase continues to be supported by investors around the world. Hence, the tokens listed on the exchange can gain high exposure which SPL tokens once listed can also experience.

On the other hand, Solana has remained one of the hottest tokens in the space in the past few months. Aside from its aggressive performance, SOL provided its users a seamless way to transact their assets with low fees. As a result, SOL mass adoption was witnessed. Furthermore, the listing of Solana’s SPL tokens on the Coinbase exchange in the future can be another advantage that SOL can use to increase its influence in the space.