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Coinbase's Base network has launched a bridge to Solana using Chainlink’s CCIP, enabling asset trading between the two platforms and improving liquidity. The bridge is now live on the mainnet.

The Base-Solana bridge is live on the mainnet and open-sourced on GitHub, enabling developers to add cross-chain features to apps, with many decentralized applications using it for asset transfers.

Coinbase's Scott Bauguess emphasized the need for tailored regulations for decentralized exchanges (DEXs) at an SEC meeting, warning that applying traditional broker rules could heighten risks.

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About Coinbase Global, Inc.

Coinbase Global, Inc. engages in the provision of a trusted platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a wide variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers primary financial account for the cryptoeconomy, institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The company was founded by Brian Armstrong and Fred Ernest Ehrsam in May 2012 and is headquartered in New York, NY.

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