according to materials from the site - By Inside Bitcoins
Coinbase will allow investors to trade Solana tokens on the blockchain through an integrated decentralized exchange (DEX) in its app, bypassing the need to wait for traditional listing on the exchange.
The update presented at the Solana Breakpoint event in Abu Dhabi will provide 100 million Coinbase users immediate access to the entire Solana token ecosystem.
The launch highlights the shift of exchanges to hybrid models that combine centralized interfaces and decentralized execution.
In a presentation at the Breakout event, Andrew Allen, a protocol specialist at Coinbase, stated that the exchange wants to make the rapidly growing Solana ecosystem easily accessible to everyday users.
"Every day, millions of assets are launched on the blockchain, and we believe they should be accessible to all our users," said Coinbase protocol specialist Andrew Allen during the presentation.
Allen stated during the presentation that this feature will be implemented for any token with "sufficient liquidity," although he did not specify what level of liquidity would be considered sufficient.
"Coinbase is specifically expanding its operations to Solana," he said. "This means that very soon you will be able to open the Coinbase app and see your own Solana assets on Coinbase, possibly even your own."
His presentation showed that users will be able to trade Solana tokens using a bank card or USDC.
Solana stated that this step demonstrates the evolution of activity on the blockchain and positions it as one of the rapidly growing platforms in the crypto space.
The implementation of this feature comes amid deepening partnership between Coinbase and Solana, and just a month after Coinbase announced the acquisition of the Solana-based trading platform Vector to enhance its capabilities in internal trading.
According to DefiLlama, trading volume on Solana DEX peaked in January at $313 billion but has since declined and averages over $100 billion.
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