Cryptocurrency Solana (SOL) listed on Coinbase Pro
SOL token trading will begin on Monday, May 24 at 9:00 am Pacific Time (PT), provided liquidity conditions are met.
The announced trading pairs are SOL-USD, SOL-BTC, SOL-EUR, SOL-GBP and SOL-USDT.
SOL should be listed later on the mainstream Coinbase.com site.
What is Solana?
Solana (SOL) is a decentralized blockchain platform that uses SOL to pay for transactions.
Solana aims to improve blockchain scalability using a combination of proof of consensus of stake and proof of history.
As a result, Solana claims to be able to support 50,000 transactions per second without sacrificing decentralization.
Competitor of the Ethereum blockchain, the Solana price has risen a lot in recent months but is finding itself impacted, like the rest of the crypto market, by the current terrible correction in the Bitcoin price.
To accelerate its development, the Solana blockchain project has just received funding of $100 million.
Coinbase continues to add new cryptocurrencies to its trading platform, it recently added Cartesi (CTSI), iExec (RLC), Mirror Protocol (MIR), Tellor (TRB), Tether (USDT), Ampleforth Governance Token (FORTH) ), 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN), Origin Token (OGN), Curve DAO Token (CRV), Storj (STORJ), Cardano (ADA), SushiSwap (SUSHI), Polygon (MATIC) SKALE (SKL), The Graph (GRT), Aave, (AAVE), Bancor (BNT), Synthetix (SNX), Filecoin (FIL), NuCypher (NU), Wrapped Bitcoin (WBTC), Balancer (BAL), Ren ( REN), Uniswap (UNI), Yearn Finance (YFI), Loopring (LRC), UMA (UMA), Celo (CELO), Numeraire (NMR), Band Protocol (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG).
The Solana price is currently around $37.60 on Coinbase.