Why Coinbase and Solana Were Up on Friday
Shares of Coinbase Global (NASDAQ: COIN) jumped as much as 5.3% in trading on Friday after the company announced Coinbase Wallet support for Solana (CRYPTO: SOL). At 3:10 p.m. ET Coinbase was still up 3.7% for the day and Solana has gained 1.7%, although it's up nearly 10% from lows hit early Friday morning.
Coinbase announced that its wallet, which is a separate app or extension in a browser from the Coinbase app, will support Solana. There's currently no support to connect to decentralized applications or for non-fungible tokens (NFTs) at this point, but this is a small step toward accessing the Solana ecosystem.
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Source Fool.com
