#Coinbase Enhances Support for Solana#

Coinbase is bolstering its support for Solana, elevating it to "Tier 1 support" alongside Bitcoin, Ethereum, and Base. Coinbase CEO Brian Armstrong said the recent Solana transaction backlog has been addressed and users can retry canceled transactions. He emphasized providing native support for Solana, including expanding infrastructure and supporting common use cases such as DEX and memecoin trading. While he acknowledges the need for better service during periods of high demand, the recent surge in activity is a positive sign for the ecosystem. Previously, Coinbase users complained about poor user experience, including the need to repeatedly fill out forms for every withdrawal, accounts being randomly closed for security reasons, and Solana withdrawals taking 10 hours. CryptoQuant CEO Ki Young Ju believes that excessive regulation of Coinbase goes against the essence of cryptocurrency, arguing that self-regulation based on customer trust is better. Coinbase is addressing the Solana transaction delay issues and says user funds are safe. Coinbase CEO Brian Armstrong also said Bitcoin can serve as a hedge against deficit spending and inflation, providing a safe haven for people, and expects the Bitcoin price to reach millions of dollars. He believes that clarity on US cryptocurrency regulation and the US holding Bitcoin as a strategic reserve will drive Bitcoin price upwards. He also said Coinbase would delist stablecoin USDT from its US cryptocurrency exchange platform if new US legislation requires it.