Coinbase Innovates with Asset Recovery for Unsupported Blockchains

February 28th, 2024
Coinbase introduces a groundbreaking feature to recover assets sent to unsupported blockchains, easing the pain for users. By simply submitting a transaction ID and Coinbase wallet address, users can now reclaim assets lost to networks like BNB Chain and Polygon. With over $160 million already recovered from Ethereum alone, this feature targets a crucial need in the crypto community. Coinbase waives fees for recoveries under $100, applying a 5% fee for larger amounts, contrasting sharply with previous industry practices.
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