Coinbase, the largest cryptocurrency exchange in the US, has announced that it will support the network migration of Celo (CGLD, CELO) after previously stating it would not. This decision was made in response to demand from the altcoin community. Celo had planned to transition to an Ethereum layer 2 blockchain, a move that will occur on March 25. Coinbase will temporarily suspend the sending and receiving of CGLD tokens during this transition period and will facilitate the automatic migration of the tokens to the new network. The price of Celo has responded with a limited decrease, currently trading around 97% lower than its all-time high price.



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