Injective Soars as Coinbase Integration Strengthens Bullish Case
Injective ($INJ) has regained momentum after months of decline, thanks to Coinbase's expansion of native support for the token. The exchange has completed its migration from the ERC-20 version of $INJ to the native Injective token, automatically converting customer balances on a one-to-one basis.
This move eliminates the need for Ethereum-based transfers or external bridges, making it easier for users to deposit and withdraw $INJ directly through the Injective blockchain. The migration is powered by Injective's MultiVM Token Standard (MTS), which reduces liquidity fragmentation and simplifies interactions with decentralised applications on the network.
The integration with Coinbase is significant, as the exchange serves both retail and institutional clients worldwide. Direct blockchain support increases accessibility to the Injective ecosystem and lowers operational hurdles for users entering decentralised finance applications on the network.