@Coinbase has kicked off the official migration of @Injective's $INJ token, moving the asset from its legacy Ethereum-based ERC-20 format to native chain support on the Injective mainnet. The
@Coinbase has kicked off the official migration of @Injective's $INJ token, moving the asset from its legacy Ethereum-based ERC-20 format to native chain support on the Injective mainnet. The transition, which runs from July 20 to July 22, 2026, marks the first time Coinbase will offer direct access to the sovereign Injective ecosystem.
For Coinbase users, the process is largely hands-off. Crypto Briefing reports that the exchange will automatically convert ERC-20 $INJ tokens to the native format at a 1:1 ratio with no fees charged. During the migration window, all $INJ deposits and withdrawals on Coinbase are temporarily suspended. Once complete, Coinbase will exclusively support the native version of the token, meaning settlement will route directly on Injective's chain rather than through Ethereum.
Coinbase itself confirmed the schedule on its status page, noting that users should refrain from depositing or transferring $INJ during the migration period.
Self-custody holders face a different calculus. Those holding $INJ in personal wallets and who miss the window may need to use a manual migration tool provided by Injective, and tokens remaining on the deprecated ERC-20 contract risk becoming inaccessible.
The migration is made possible by Injective's MultiVM Token Standard (MTS), which allows unified token balances across different execution environments, including EVM and WASM, without requiring users to bridge assets between them. Injective detailed the standard in November 2025 as part of a broader architectural push supporting multiple virtual machines.
Coinbase is not the first major exchange to make this move. Kraken completed its own ERC-20 to native $INJ conversion in 2025, while Binance.US enabled native $INJ deposits and withdrawals earlier this year. The Coinbase integration is nonetheless significant given its scale as the largest US-regulated crypto exchange, and it adds another direct liquidity rail into Injective's ecosystem at a time when the chain has been expanding rapidly, including the launch of US-regulated INJ futures on Bitnomial in April 2026 and the integration of native USDC via Circle's CCTP in May 2026.
Sources:Crypto Briefing: Injective enables native INJ deposits on Coinbase with MultiVM technologyCoinbase Status: INJ migration notice, July 14, 2026CryptoRank: Coinbase to Support Injective (INJ) Migration Ahead of EVM Mainnet Launch
