The Coinbase wallet accepts swaps from Ethereum, Polygon, BNB chains and Avalanche.


summary:

  • Coinbase Wallet has integrated swaps on BNB Chain and Avalanche in addition to Ethereum and Polygon.
  • With an in-app decentralized exchange, Coinbase Wallet will simplify the swap process and integrate other networks in the coming months.

The Coinbase team announced that the platform’s wallets have integrated swaps for BNB Chain (formerly Binance Smart Chain) and Avalanche, in addition to swaps for Ethereum and Polygon. According to official announcement Coinbase’s integration will allow wallet users to ‘exchange a wider variety of tokens than most existing centralized exchanges can offer’.

Coinbase Wallet’s built-in decentralized exchange also simplifies token access and trading across four blockchains. The efficiency of the wallet is enhanced with the Ox API, which compares exchange rates from multiple exchanges, saving users time. The additional networks of BNB Chain, Avalanche and Polygon are ideal for trading due to their low network fees, faster speeds and abundant tokens.

Coinbase wallet to integrate other networks in the coming months

Regarding future plans, the Coinbase Wallet team explained that they plan to integrate other blockchains in the near future. they said:

We want to make it easier for you to participate in the world of Decentralized Finance (DeFi) and web3.

In the coming months, we will be able to perform swaps on a much wider variety of networks.

We plan to add support for network bridging to not only scale transactions, but also to seamlessly move tokens across multiple networks.

Coinbase Wallet is a self-managed wallet that is distinct from Coinbase.com.

Note that Coinbase Wallet is a completely different platform from Coinbase.com. Coinbase Wallet’s private key is the user’s responsibility, meaning it is a self-managed software wallet. Also, you don’t need a Coinbase.com account to use Coinbase Wallet.

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