Coinbase Unveils GAL to G Token Migration Support
CryptoNewsTerminal Staff06 Aug, 2024
Coinbase Unveils GAL to G Token Migration Support
Coinbase has officially announced support for the migration of Galaxy Tokens (GAL) to the new Gravity Tokens (G). The platform launched a portal on April 9, 2024, allowing users to seamlessly convert their GAL tokens to G. This migration is crucial for GAL holders as the new G tokens will provide enhanced utility and functionality within the Gravity ecosystem. The GAL-to-G migration portal is accessible via Coinbase and supports self-custody wallets, including the Coinbase Wallet. Users can easily initiate the migration process by following the instructions provided on the portal. Coinbase has emphasized that the migration portal will remain open for at least a year, providing ample time for GAL holders to complete the transition. This move is a significant development for Coinbase as it demonstrates the platform's commitment to supporting the latest advancements in the blockchain and cryptocurrency space. The migration of GAL to G is expected to enhance the user experience within the Gravity ecosystem, as G tokens will play a vital role in governance, staking, and other ecosystem-related activities.
