#Coinbase Enhances Support for Solana#
Hot Topic Overview
Overview
Coinbase recently announced that it will be enhancing its support for Solana, elevating it to "tier-one support" status, equivalent to Bitcoin, Ethereum, and Base. Previously, Coinbase had faced criticism for user experience issues, including delayed withdrawals due to Solana transaction backlogs. Coinbase CEO Brian Armstrong stated that the Solana transaction backlog has been addressed and pledged to expand infrastructure to provide native support for common use cases like DEX and memecoin trading. Furthermore, Armstrong expressed his bullish outlook on Bitcoin, suggesting it could serve as a hedge against deficit spending and inflation, with a projected price reaching millions of dollars in the long term. He also noted that finance ministers from various countries are paying attention to Bitcoin and expressing interest in holding it as a strategic reserve. However, Coinbase is also facing regulatory pressure. Armstrong indicated that if US legislation mandates it, Coinbase would delist USDT from its US cryptocurrency trading platform.
Ace Hot Topic Analysis
Analysis
Coinbase CEO Brian Armstrong has recently expressed support for Solana on multiple occasions and announced that he will be strengthening support for Solana, including expanding infrastructure and providing native support for common use cases like DEX and memecoin trading. The goal is to elevate Solana support to the same “Tier 1” level as Bitcoin, Ethereum, and Base. Previously, Coinbase experienced transaction delays on the Solana network due to surging trading volumes, causing user funds security concerns. However, Coinbase has stated that the issues have been resolved and user funds are safe. Additionally, Armstrong expressed optimism about Bitcoin, believing it can effectively counter deficit spending and inflation, and predicts the price of Bitcoin will reach millions of dollars. He also indicated that U.S. President Trump is excited about establishing a strategic Bitcoin reserve, and believes that if the U.S. held Bitcoin, G20 countries would follow suit. However, Armstrong also stated that Coinbase would delist stablecoin USDT from its U.S. cryptocurrency exchange platform if new U.S. legislation mandates it.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase will enhance support for Solana, providing native support for common use cases such as DEX and memecoin trading, aiming to elevate Solana support to the same "tier one" level as Bitcoin, Ethereum, and Base.
Coinbase is addressing Solana transaction delay issues, user fund security, and is taking action to resolve this issue as soon as possible.
Coinbase CEO Brian Armstrong believes Bitcoin can be a good counterbalance to deficit spending and inflation, providing a safe haven for people, and expects Bitcoin prices to reach millions of dollars.
Coinbase CEO Brian Armstrong said that Coinbase would delist the stablecoin USDT from its US cryptocurrency exchange platform if required by new US legislation.