Starting today, Solana (SOL), Chiliz (CHZ), and Keep Network (KEEP) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store SOL, CHZ, and KEEP in most Coinbase-supported regions, with the exceptions of CHZ and KEEP in Singapore as well as CHZ in New York State. Trading for these assets is also supported on Coinbase Pro.
Solana is a decentralized computing platform that uses SOL to pay for transactions. Solana aims to improve blockchain scalability by using a combination of proof of stake consensus and so-called proof of history. As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization.
CHZ is an Ethereum token that powers Socios.com, a platform that lets users trade tokens to show their support for professional sports teams. The tokens on Socios.com — called Fan Tokens — make users eligible for rewards and promotions and can also be used to influence team decisions by popular voting on the Chiliz blockchain.
KEEP is an Ethereum token that powers the Keep Network, a platform that aims to bridge public blockchains and private data. One of Keep Network’s first products is an Ethereum token that represents 1 Bitcoin, called tBTC. Keep Network enables users to deposit Bitcoin and redeem tokenized tBTC, which can then be used in the Ethereum ecosystem without centralized intermediaries.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a , designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see , , and ), as well as a to answer common questions about crypto.
Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at . Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
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Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
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Sep 22, 2023,
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Today we’re launching an effort to mobilize 52 million crypto owners – younger and more diverse than the US population as a whole – into a powerful force heading into the 2024 elections with an intense focus on nine key states.