2 years ago
Coinbase connected Monday began accepting inbound transfers of 2 Solana ecosystem tokens, FIDA and ORCA, confirming CoinDesk’s earlier reporting.
Announced successful a tweet (per a new policy), the enlargement adds SPL tokens (Solana’s ERC-20 equivalent) to Coinbase’s token menagerie for the archetypal time. It antecedently stuck to furniture 1 coins and tokens built atop the Ethereum blockchain.
Orca and Bonfida are decentralized exchanges for Solana-based assets, including wrapped tokens. Already successful the greenish for the day, ORCA rallied wrong minutes of Coinbase’s announcement earlier giving overmuch of it backmost by property time; FIDA dropped.
Does “more tokens” mean little “Coinbase effect”? It could beryllium a origin to see arsenic the publically traded speech executes CEO Brian Armstrong’s tweeted plans to database “every” plus wherever possible.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Danny is CoinDesk's lawman concern editor. He owns BTC, ETH and SOL.
Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 