Coinbase Wallet adds support for Solana

Coinbase Wallet, a self-custody wallet by crypto exchange Coinbase, has added support for Solana to its Chrome browser extension.

The news means Coinbase Wallet users can now store, send and receive Solana (SOL) and Solana-based tokens from the wallet's browser extension. Coinbase Wallet looks to add Solana support for its mobile applications, but it currently doesn't have a specific timeline, a Coinbase spokesperson told The Block.

Coinbase Wallet also plans to let users interact with the Solana ecosystem in the future, including connecting to Solana decentralized applications and viewing and managing their Solana NFTs directly within their wallet extension. But there is no specific timeline for that as well, the spokesperson said.

Coinbase Wallet is multi-chain, supporting several blockchains, including Ethereum, Avalanche, Polygon and BNB Chain. The wallet has more than 13 million users across its mobile applications and Chrome browser extension, the spokesperson said.

Coinbase Wallet directly competes with wallets like MetaMask.