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Coinbase's claim of ignoring Ethereum (ETH) Layer 2 is baseless

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JH Kim
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  • Coinbase stated that the reported claims about not supporting Ethereum Layer 2 are not true.
  • Coinbase announced that it supports both Ethereum Layer 1 and Layer 2.
  • Despite the criticism, Coinbase stated plans to reassess Layer 2 after the migration is completed.
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.

On the 28th (local time), Coinbase, a U.S. virtual asset (cryptocurrency) exchange, stated through X (formerly Twitter) that "some claims that Coinbase does not support Ethereum (ETH) scalability are completely false," adding, "Coinbase is focusing on the role of virtual assets in the economy and supports both Ethereum Layer 1 and Layer 2." Previously, Coinbase announced that it does not support the migration of Layer 2 from the Layer 1 blockchain. This was criticized by the virtual asset community. Coinbase explained regarding this, "Although this migration is not supported, we plan to reassess Layer 2 after the migration is completed."

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reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.