PANews reported on December 23 that Coinbase now supports deposits and withdrawals of SOL via the Base network, enabling cross-chain transfers based on the Base <> Solana bridge. Users can use SOL as an ERC20 token on the Base network, achieving seamless interaction with the Solana network.

Currently, SOL deposit and withdrawal functionality on the Base network is not available to users in New York, Japan, Germany, Canada, the United Kingdom, Singapore, Hong Kong, the Philippines, Taiwan, South Korea, the United Arab Emirates, New Zealand, and some European countries.