Home » Coinbase Wallet launches Coinbase Pay and announces compatibility with Solana (SOL)

Coinbase Wallet launches Coinbase Pay and announces compatibility with Solana (SOL)

by Thomas

Coinbase Wallet, Coinbase’s digital wallet, adds another string to its bow by integrating Solana and its SOL and SPL tokens. In addition, it will now be possible for wallet users to purchase cryptocurrencies directly from the browser extension. With its growing user base and multi-chain support beyond EVM-compatible blockchains, Coinbase may well overshadow the MetaMask wallet.

Coinbase Wallet now includes Solana

The Google Chrome extension for Coinbase Wallet, Coinbase’s digital wallet, is now compatible with the Solana (SOL) blockchain ecosystem. As such, it can now store Solana’s own SOL and SPL tokens.

According to the release, this is the first phase of Solana implementation on Coinbase and more tools are expected to be added. For example, the wallet will in the future include the ability for users to interact with Solana’s dApps or even manage their collection of non-fungible tokens (NFTs) directly from the extension.

The addition of SPL tokens to Coinbase Wallet is the first integration of non-Ethereum blockchain compatible tokens on the wallet, unlike those from networks that were already supported such as Avalanche, Polygon or the BNB Chain.

It is also worth noting that for Solana users who already own wallets inherent to the Solana blockchain such as Solflare or Phantom, it will be possible to transfer them directly to Coinbase Wallet simply by importing their recovery phrase.

“Today’s update makes it easier to keep track of all your crypto-currencies across more networks, without having to manage multiple wallet apps at once.” – Coinbase release

With 13 million users and multi-chain compatibility, Coinbase Wallet is a direct competitor to the popular MetaMask wallet, which only supports EVM-compatible blockchains, thus excluding Solana.

Coinbase Pay launched in parallel

Second major announcement for Coinbase Wallet: it will now be possible to buy cryptocurrencies directly from the browser extension with Coinbase Pay

Payment through Coinbase Pay from the Coinbase Wallet browser extension

Payment through Coinbase Pay from the Coinbase Wallet browser extension


According to Coinbase, this new tool aims to simplify the life of users by avoiding them to go through multiple manipulations to fund their wallet in cryptocurrencies. Indeed, until now, it was necessary to buy a cryptocurrency from a dedicated buying platform and then transfer the funds to the desired wallet address.

For new users, it will only be necessary to link their Coinbase Wallet to the Coinbase website (which requires registration). Once this is done, they will only need to choose the cryptocurrency they wish to purchase directly from the extension, its amount and finalise the transaction.

A move that should be appreciated, as indeed, the many steps involved in purchasing and transferring a cryptocurrency to a wallet can be confusing for novices to the point of blocking wider adoption.

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