- Coinbase announced that it will not support the Layer 2 migration of Celo, receiving significant criticism from the community.
- This decision by Coinbase was highlighted by Marek Olszewski, CEO of cLabs, as a stance against the central road map of Celo's Layer 2.
- Investors holding Celo L1 must complete fund withdrawals by January 13, 2025.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Global virtual asset exchange Coinbase has announced that it will not support the Layer 2 migration of Celo (CELO), receiving significant criticism from the community.
According to a report by The Block on the 28th (local time), Coinbase stated that it would not support the transition plan from Celo's Layer 1 to Layer 2 in the superchain ecosystem.
As Coinbase does not support the migration, investors holding Celo L1 (Coinbase's ticker CGLD) must withdraw their funds by January 13, 2025.
Marek Olszewski, CEO of Celo's main developer, cLabs, pointed out that "Coinbase seems to have taken a stance against the central road map of Celo's Layer 2."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEEPiCK News
Rising Exchange Rates Amid Impeachment Situation... Choi Sang-mok Urges 'Reconsideration of Korean Impeachment'
38 minutes ago
"Bitcoin as Future Currency"... US Space Company Buys $21 Million Worth
1 hours ago
[Analysis] "Increase in Binance Futures Buy Volume Suggests Bitcoin Price Rise"
2 hours ago![[Analysis] "Increase in Binance Futures Buy Volume Suggests Bitcoin Price Rise"](https://media.bloomingbit.io/prod/news/6808b9ee-8208-43cb-bdbc-019294d423e9.webp)
[New York Stock Market Briefing] 'Santa Rally' Stalls with Mixed Results... Only Apple Hits Record Highs
2 hours ago![[New York Stock Market Briefing] 'Santa Rally' Stalls with Mixed Results... Only Apple Hits Record Highs](https://media.bloomingbit.io/prod/news/427bfc74-30a1-4e7b-a448-683846146360.webp)
'1500 Won is Just Around the Corner'...Dollar-Won Exchange Rate Breaks 1470 Won
2 hours ago
Ranking News