Coinbase Ditches ERC-20 for Native INJ Support

Coinbase has announced that it will support native INJ deposits and withdrawals using Injective's MultiVM technology, marking a significant step in the Layer 1 blockchain's push to untether itself from Ethereum's ERC-20 token standard.

The migration is scheduled to take place between July 20 and July 22, 2026, during which time Coinbase will pause all INJ deposits and withdrawals while converting users' ERC-20 INJ tokens to the native INJ format at a 1:1 ratio, at no cost.

Injective's MultiVM Token Standard allows unified token balances across different execution environments, including EVM and WASM, without requiring users to bridge tokens between them.