Coinbase Markets to Add Send and Receive Support for Monad (MON)

Coinbase has enabled Monad (MON) token transfers with a minimum deposit requirement, expanding operational functionality for users and external wallets.

Summary

Coinbase announced that send and receive functions for Monad (MON) tokens are now active. Users can transfer MON between the exchange and external wallets, subject to a minimum deposit of 1.5 MON. This marks the full implementation of previously planned transfer support for the cryptocurrency.

Terms & Concepts
  • Monad (MON): A cryptocurrency token for which Coinbase Markets is enabling transfer functionality.
  • Send and Receive Functionality: A feature in crypto exchanges enabling users to transfer digital assets to and from external wallets.