Celo Migrates to Ethereum Layer-2 with Coinbase Support

27-04-2025
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Celo, a blockchain platform focused on providing low transaction fees and fast processing times, has officially announced its plans to migrate from its standalone Layer-1 blockchain to the Ethereum Layer-2 network with Coinbase support. This is a major step towards optimizing scalability and enhancing interoperability with the Ethereum ecosystem.

The Migration

The migration is scheduled to begin on March 25, when Coinbase will temporarily suspend deposits and withdrawals for CGLD, Celo's native token. This is being done to ensure the upgrade is safe and efficient. During the migration, users are advised not to deposit CGLD to avoid delays in transaction processing.

Coinbase promises that users' CGLD tokens will be automatically converted after the migration is complete, and no action is required from users. Notification emails will be sent to users to update them on the status of the service during the upgrade.

Benefits of Migrating to Ethereum Layer-2

Celo’s move to Ethereum Layer-2 is not only to leverage the security power of Ethereum, but also to enhance scalability and interoperability. The Ethereum platform is known for its diverse and robust ecosystem, facilitating the integration of decentralized applications (dApps).

Notably, this migration will not compromise Celo’s outstanding features, including low transaction costs and fast settlement times. Significant technical changes, such as faster block confirmation and a native bridge between Celo and Ethereum, will help improve the efficiency and security of asset transfers between the two networks.

User Impact

Coinbase has ensured that the token for Celo’s Layer-2 network on the exchange will remain CGLD, maintaining familiarity and ease of use for users. These expanded features are expected to provide a more seamless experience, while also opening up more opportunities for future collaboration and development.

The decision to transition to Layer-2 marks a strategic move by Celo in its pursuit of sustainable growth and expanding its footprint in the blockchain space. With support from Coinbase and the Ethereum platform, Celo is looking forward to a future of superior scalability and stronger integration with leading decentralized applications.