The Coinbase Wallet App now supports BNB Chain and Avalanche

Coinbase’s non-custodial wallet now allows token swaps on two additional blockchains.

Coinbase Wallet “brings the expansive world of DEX trading to your fingertips, where you can easily swap thousands of tokens, trade on your preferred network, and discover the lowest fees,” according to a blog post published on Monday (May 23) by former Googler Catherine Shyu Sullivan, Senior Product Manager at Coinbase.

Coinbase Wallet previously supported token swaps on Ethereum and Polygon, but “you may now trade on BNB Chain (formerly Binance Smart Chain) and Avalanche, allowing you to swap a wider range of tokens than most traditional centralized exchanges can offer.”

“Coinbase Wallet’s in-app DEX makes it easy to access these types of tokens through its trading feature, which evaluates rates across several exchanges using the 0x API and saves you the extra steps along the way,” Sullivan continued.

“Before swapping on a network, make sure you have the native token of the network you desire to swap on in your wallet to cover the network fees,” Sullivan added. This means, for example, that “for an Avalanche swap, you’ll need some AVAX in your wallet.”

She has this to say about the future of Coinbase Wallet:

“We want to make it easier for you to engage in the world of decentralized finance (DeFi) and web3. In the months to come, we’ll be making it possible to conduct swaps on an even greater variety of networks. Not only will trading expand, but we’re also planning to add support for network bridging, allowing you to seamlessly move tokens across multiple networks.“