Coinbase is set to support Hivemapper (HONEY), emphasizing transactions must occur within the Solana network to prevent potential fund losses. Coinbase users in supported regions will gain access to transfers for this asset.
Trading for Hivemapper (HONEY) on Coinbase is expected to start at 20:00 Turkey time on January 17, 2024, contingent on liquidity conditions. The platform stresses the importance of adhering to network specifications during asset transfers, with HONEY-USD trading to be phased in once sufficient supply is established.
Coinbase’s expansion of support for HONEY may be subject to restrictions in certain jurisdictions. Users are reminded to be aware of their local regulatory environment to ensure compliance.
Coinbase advises caution as users navigate the addition of Hivemapper (HONEY) to the Solana network, which requires adherence to specific transaction protocols due to its unique SPL token program ecosystem.
The inclusion of HONEY on Coinbase represents a significant opportunity for investors to engage with a dynamic asset within the Solana network. The phased launch of HONEY-USD trading underscores Coinbase’s commitment to a smooth and orderly introduction of this asset to its trading platform.