Coinbase Wallet Adds BNB Chain and Avalanche (AVAX) Support, Allows Users To Trade Thousands of Crypto Assets

Coinbase Wallet customers can now trade crypto assets on two new leading crypto networks.

The self-custody wallet rolled out swaps for BNB Chain (BNB), formerly Binance Smart Chain, and Avalanche (AVAX) this week, adding to its existing support for Ethereum (ETH) and Polygon (MATIC).

Coinbase Wallet says customers can swap thousands of tokens between the four networks and its in-app decentralized exchange (DEX).

“Coinbase Wallet’s in-app DEX makes it easy to access these types of tokens through its trading feature, which compares rates across multiple exchanges through the 0x API [application programming interface] and saves you the extra steps along the way. Adding support for networks such as BNB Chain, Avalanche, and Polygon means you can trade more tokens, faster, and with more affordable network fees.”

The self-custody wallet says it plans to make it possible to conduct swaps on additional networks “in the months to come.”

“Not only will trading expand, but we’re also planning to add support for network bridging, allowing you to seamlessly move tokens across multiple networks.”

The native asset of BNB Chain, BNB, is trading at $331.52 at time of writing. The 4th-ranked crypto asset by market cap is up more than 2% in the past 24 hours.

The native asset of Avalanche, AVAX, is trading at $29.36 at time of writing. The 14th-ranked crypto asset by market cap is down 0.99% in the past 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/GrandeDuc