Coinbase Axes DAI Support on Several Layer 2 Networks
Coinbase is ending support for DAI deposits and withdrawals on several Layer 2 networks. Starting August 17, 2026, Coinbase will no longer allow users to deposit or withdraw the stablecoin DAI on Avalanche, Arbitrum, and Optimism.
The move affects users who rely on these networks, as they must bridge their DAI to Ethereum or withdraw it to a self-custody wallet before the deadline. This decision is part of Coinbase's broader effort to consolidate network support, with other assets like USDC also being affected.
Coinbase is focusing on network usage volume within its platform rather than the general utility of these faster and cheaper networks. The company has not provided a reason for this change in policy, but it may be related to the increasing competition from other exchanges that offer more diverse network support.