Cryptocurrency exchange Coinbase has announced it has opened deposits for the solana (SOL) tokens on its platform Coinbase Pro. According to an announcement, the exchange will begin trading with the cryptocurrency on or after 9AM Pacific Time (PT) May 24.
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Coinbase says users could trade SOL with the following pairs: SOL-USD, SOL-BTC, SOL-EUR, SOL-GBP, and SOL-USDT. However, listing on Coinbase Pro does not mean that the cryptocurrency will be available also on Coinbase.com or via its Consumer mobile apps.
"We will make a separate announcement if and when this support is added," the exchange said.
In October last year, the Centre Consortium, co-founded by Circle and Coinbase, added support for the USD coin (USDC) stablecoin on the Solana blockchain. Cryptocurrency market maker Alameda Research, and global exchange FTX also announced support for USDC on Solana. As of press time, SOL is up by 11.56% and is trading at the $46.92 mark.
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