Coinbase step boosts investor confidence by enabling its customers to send and receive ETH, MATIC, and USDC on Polygon, and they’ll also be able to send and receive USDC on Solana. The crypto crash has led to many exchanges carrying out long overdue reforms. The latest in this endeavor is exchange platform Coinbase allowing trading of other crypto assets
Coinbase Polygon Integration Will Give Better Customer Experience
Coinbase Polygon Integration Will Give Better Customer Experience. The exchange also elaborated the reasons for doing away with Ethereum. The augmented cost of the platform for both the users and the institutions coupled with high gas fees had made the wallets funding extremely difficult.
The post also informed that customers can now convert fiat to crypto and fund their Polygon and Solana wallets in minutes and at a lesser cost. The simplified process of funding the crypto wallet will be welcomed by the customers.
The process will be spread across next month when qualified Coinbase Exchange customers will be able to send and receive ETH, MATIC, and USDC on Polygon as well as send and receive USDC on Solana. The addition of more tokens and networks is in the pipeline and is expected to be operative in the coming months.
Coinbase added that it is doing away with the complexities involved managing different balances of a single asset across networks with one all-inclusive, integrated balance. The Polygon integration also means sending and receiving of these assets on an L2 is now possible.