In a recent blog post, the cryptocurrency exchange platform Coinbase, disclosed that its exchange customers will be able to send and receive ETH, MATIC, and USDC on Polygon, and they’ll also be able to send and receive USDC on Solana.
Better user experience with the new polygon integration
The crypto exchange company noted reasons why they would be doing away with Ethereum. It explained that the increasing cost of usage of the ecosystem for both individual users and institutions due to gas fees have made the process of funding wallets complex.
The post went on to reveal that COINBASE will be simplifying the process of funding crypto wallets by allowing customers convert fiat to crypto and fund their Polygon and Solana wallets in minutes and at a lesser cost.
Over the next month, qualified Coinbase Exchange customers will be able to send and receive ETH, MATIC, and USDC on Polygon, and they’ll be able to send and receive USDC on Solana. Later on, support for more tokens and networks will be included.
Coinbase said it has removed the complexity of managing different balances of a single asset across networks with one comprehensive, unified balance.
