Coinbase Activates Native Injective Support For Seamless Ecosystem Access

Coinbase Completes Native INJ Migration

@Coinbase has activated native $INJ support, giving its global user base the ability to trade and move assets directly on the @Injective network. The move marks the end of the ERC-20 era for INJ on the exchange. During a three-day window from July 20 to 22, Coinbase paused all INJ deposits and withdrawals while it converted users' ERC-20 balances to the native INJ format at a 1:1 ratio, at no cost. Once complete, the exchange moved to exclusively support the native version of INJ.

The conversion was made possible by Injective's MultiVM Token Standard (MTS), which allows unified token balances across different execution environments, including EVM and WASM, without requiring users to bridge tokens between them. For developers, this means they can build applications in their preferred execution environment without fragmenting liquidity or user experience across different chain formats.

What This Means for the Injective Ecosystem

The integration eliminates wrapped token friction and lets users interact directly with Injective dApps straight from the exchange. For Injective, this is a meaningful distribution milestone. The protocol now has a direct pipeline into Coinbase's platform assets and its share of global trading volume, lowering the barrier for retail and institutional participants to access the network.

The integration is broadly seen as bullish for $INJ, as it enhances liquidity and accessibility through a major U.S. exchange, potentially broadening its investor base and solidifying its infrastructure. Kraken had already completed its own ERC-20 to native INJ conversion in 2025, making it one of the first major exchanges to fully embrace Injective's native chain. Coinbase's move brings the largest U.S. retail platform into line with that trend.

Injective is a Layer 1 blockchain purpose-built for decentralized finance, offering low-latency transactions and native order books. The native $INJ token powers governance, staking, and transaction fees within the ecosystem.

Sources:
Crypto Briefing: Injective enables native INJ deposits on Coinbase with MultiVM technology
The Coin Republic: Injective Crypto Jumps to 4-Week High After Mainnet Integration With Coinbase
Crypto Briefing: Injective Completes Migration to Native INJ on EVM