Coinbase does not support Celo's migration to Layer 2 on Ethereum, sparking a heated debate in the crypto community. 🚀 Users are advised to withdraw CGLD tokens by January 13, 2025, to avoid losing access to their funds. The decision has drawn criticism as it could impact Ethereum's scaling ecosystem.

Celo co-founder Marek Olszewski expressed disappointment, believing that it undermines the vision of scaling through Layer 2. Some experts believe that the decision looks "monopolistic", hinting at Coinbase's possible preference for its Base network.