Coinbase Integrates ZetaChain Mainnet as Default Network, Becomes Validator

ZetaChain, which was introduced in 2021, will improve the interoperability between Coinbase and other blockchains.

Crypto exchange Coinbase has integrated ZetaChain mainnet as a default network within the Coinbase ecosystem. The integration will enable institutional custody of ZETA coin, the native coin of ZetaChain.

Coinbase and ZetaChain users will be able to trade ZETA on different exchanges through Coinbase Prime as a single access point. The feature will also provide anonymity to institutional investors, preventing markets from being able to decipher the transactions.

Coinbase will also become a validator on the ZetaChain mainnet, earning ZETA rewards and helping to validate new blocks on the chain. The exchange will also offer staking services for ZetaChain users, allowing them to delegate their staked ZETA to Coinbase to earn validator rewards.

Coinbase has described ZetaChain as a "universal layer 1" chain that enables developers to build applications that can natively connect to any other blockchain. Users of these applications will be able to access any chain they want without having to switch networks.

According to Coinbase, the lack of communication between layer 1 blockchains has prevented mainstream adoption of crypto and blockchain technology. The exchange believes that ZetaChain can provide the connectivity that is needed between chains.

"We believe that ZetaChain's technology has the potential to unlock a new era of interoperability and pave the way for mass adoption of blockchain technology," Coinbase said in a statement.

The integration of ZetaChain mainnet into the Coinbase ecosystem is expected to increase the credibility of the network while boosting its security. It will also provide Coinbase users with a wider range of options for trading and investment.