Coinbase has added the BNB Chain and Avalanche to the Coinbase Wallet’s list of supported networks where users can swap and store cryptocurrencies.
The exchange brags that the added functionality will provide access to thousands of tokens which set up a greater variety than most traditional centralized exchanges can offer.
The added functionality to BNB Chain and Avalanche brings the total supported networks up to four, including Ethereum and Polygon. Users of the wallet who wish to trade on-chain can use Coinbase’s own in-app DEX on four networks.
Coinbase Wallet allows users to self-custody their crypto and provides access to on-chain as opposed to the features available on Coinbase’s centralized platform.
Coinbase currently has only 173 tokens listed on its exchange. These numbers pale in comparison to the thousands available across the four networks Coinbase Wallet users now have access to. The exchange stated that in coming months that it will be possible to conduct swaps on an even greater variety of networks.
Moving forward network bridging will also be made available .Network bridging involves sending tokens between networks without passing through a centralized exchange. Popular token bridges include Multichain and Wormhole.
