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- Coinbase adds on-chain Solana trading, enabling instant access to all new SPL tokens

- New UI keeps a centralized feel while shifting all execution and settlement on-chain

- Coinbase resumes India expansion, targeting a fiat on-ramp and broader access in 2026

Coinbase (NASDAQ: $COIN ) has introduced a new trading feature at Solana's Breakpoint 2025 conference in Abu Dhabi, allowing users to transact any Solana (CRYPTO: $SOL ) based token directly through an on-chain system, thereby bypassing the exchange's traditional listing process.

The company noted that the design enables newly issued Solana assets to be accessible the moment they appear on-chain, reflecting a shift toward decentralized execution while keeping the interface familiar to customers.

During the event at Etihad Arena, Coinbase engineers explained how trade execution, routing, and slippage controls now operate entirely on the Solana blockchain. Although the trading screen resembles the centralized layout users already know, the underlying flows move through decentralized rails. Coinbase software engineer Sabs Sachdeva led the demonstration and stated that, despite their identical appearance, every core function is shifted to on-chain processing.

https://x.com/solana/status/1999035191323759024?s=20

Andrew Allen, who oversees the company's Solana product line, said the intention is to allow users to interact with "millions of new assets created on-chain" as they appear. He added that issuers can reach the platform's global audience immediately because no separate listing review is required for Solana-based tokens under the new approach.

Alongside the execution overhaul, Coinbase presented interface updates including Solana-focused filters and unified dashboards that show Bitcoin, Ether, and Solana positions on one screen. All trades execute with a single click and settle immediately on-chain, according to the company. Early access to the new feature is scheduled to open next week, with broader integration of decentralized tools and developer-facing capabilities planned for later phases.

Reentry Into India Moves Toward 2026 With Fiat Access Planned

The Solana announcement arrived shortly after new details emerged regarding Coinbase's reengagement in India. The company has reopened app registrations following a two-year pause but currently limits activity to crypto-to-crypto trading. At India Blockchain Week, Coinbase APAC director John O'Loghlen said the firm aims to introduce a fiat on-ramp in 2026, enabling users to add funds and purchase assets directly.

Coinbase initially attempted to launch in India in 2022 but withdrew support for the Unified Payments Interface shortly after the National Payments Corporation of India stated it had not recognized the exchange's participation. The company later shut down services for domestic users in 2023 and required all accounts to be closed. O'Loghlen said the decision was intended to reset operations before reentering the market under a simplified structure.