Ethereum

Celo

when

ETF COIN

Coinbase has announced its support for Celo’s migration from a standalone Layer-1 blockchain to an Ethereum Layer-2 network.&nbsp; 
The transition is set to begin on March 25 with <a href="https://crypto.news/tag/coinbase/" target="_blank">Coinbase</a> temporarily suspending deposits and withdrawals of Celo’s native token, CGLD, during the upgrade. ​ 
Celo’s move to Layer-2 aims to leverage Ethereum’s (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) robust security and expansive ecosystem while retaining its hallmark features, such as low transaction fees and fast settlement times.&nbsp; 
This strategic shift is expected to enhance scalability, reduce costs, and improve interoperability with Ethereum-based applications.​ 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/CoinbaseAssets/status/1904579046148624517 
 </div>
</figure> 
Coinbase has assured users that their CGLD tokens will be automatically converted during the migration, requiring no action on their part. However, the exchange advises refraining from depositing CGLD during the migration window to avoid processing delays.&nbsp; 
Email notifications will be sent to inform users when services are disabled and when they have resumed.&nbsp; 
 You might also like: <a href="https://crypto.news/asia-web3-alliance-proposes-us-japan-collaboration-on-tokenization/"> Asia Web3 Alliance proposes US-Japan collaboration on tokenization </a> 
<h2 class="wp-block-heading" id="migration-process">Migration process</h2> 
The migration process includes significant technical changes, such as faster block confirmations and the introduction of native bridging between Celo and Ethereum, enhancing the security and efficiency of asset transfers.&nbsp; 
Despite these changes, the token ticker for Celo’s Layer-2 network on Coinbase will remain as CGLD.​ 
 You might also like: <a href="https://crypto.news/cboe-bzx-officially-files-19b-4-for-fidelitys-solana-etf/"> Cboe BZX officially files 19b-4 for Fidelity’s Solana ETF </a>

Coinbase supporting Celo’s transition to Ethereum Layer-2

目次

crypto.news

2025年3月25日公開の他の記事

BNB Chain Introduces $100M Liquidity Support for Native Tokens Listed on Leading Exchanges

Will Bitcoin’s Recovery Shift Market Dynamics?

Can Ripple (XRP) Turn $1,000 Into $1 Million If It Matches Bitcoin’s (BTC) Market Cap?

Davinci Jeremie Urges Crypto Fans to Invest in Bitcoin Now

Polymarket Boosts User Engagement with Solana

BTFD Offers 2X Free with Code LAUNCH100—Must-Buy Cryptos as FLOKI Rises and NEIRO Endures Turbule...

ニュースレターを購読して暗号資産の最新情報を毎日入手！