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Coinbase to release Base for general users on August 9

Published date:

February 2, 2026

Coinbase to release Base for general users on August 9

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Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Editorial Process and Risk Warning.

The official announcement said, “We believe that decentralization is critical to an open cryptoeconomy. That’s why we will be deploying Base as the second L2 on the open-source OP Stack.”

Crypto exchange Coinbase aims to launch Base, its layer-2 network, for general users on August 9.

Base is now open for bridging

Base opens for everything on August 9

We’re helping throw an onchain festival to celebrate

ɪᴛ'ꜱ ᴏɴᴄʜᴀɪɴ ꜱᴜᴍᴍᴇʀ 🟡https://t.co/p8KTcnkbbx
— Base (@BuildOnBase) August 3, 2023

Created in collaboration with Optimism (OP), Base is an open-source Ethereum (ETH) L2 scaling solution that makes it easy for users to build, test and deploy dapps and smart contracts.

The decentralized apps built with Base can integrate with several Coinbase products, including fiat on-ramps. Moreover, Base allows creators to deploy their smart contracts via Hardhat, Remix, and other powerful tools.

In its blog post, Coinbase cautioned users against scam tokens by stressing that the exchange will not issue a new token for Base. The firm added,

"Be aware that scammers may be offering or sending fake Base tokens."

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Meanwhile, Coinbase is expected to report its earnings for the second quarter of 2023 this week, with the analysts at FactSet expecting a decline in the exchange's quarterly revenue and trading volume.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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