Binance, Exchanges

Does Coinbase Support Binance Smart Chain?

As of now, Coinbase does not support Binance Smart Chain. Binance Smart Chain is a blockchain that is designed to run smart contracts. It uses a Proof of Stake consensus mechanism. The Binance team developed this blockchain so that it would be compatible with the Ethereum Virtual Machine.

NOTE: WARNING: Coinbase does not currently support Binance Smart Chain. Use of this chain may put your funds at risk as Coinbase cannot provide any support or security for transactions made on the Binance Smart Chain. We strongly recommend that you do not use Binance Smart Chain with Coinbase.

This would allow for a large number of dapps to be built on top of it. The Binance team has also stated that they plan to eventually support cross-chain swaps between Binance Smart Chain and Ethereum.

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