Coinbase Payments has joined the Open Intents Framework to help standardize and simplify cross-chain asset transfers across Ethereum and its Layer 2 networks. Coinbase Payments has joined the Open Intents Framework (OIF) as a core contributor, collaborating with dozens of…Coinbase Payments has joined the Open Intents Framework to help standardize and simplify cross-chain asset transfers across Ethereum and its Layer 2 networks. Coinbase Payments has joined the Open Intents Framework (OIF) as a core contributor, collaborating with dozens of…

Coinbase joins Ethereum Foundation to back Open Intents Framework for cross-chain interoperability

Coinbase Payments has joined the Open Intents Framework to help standardize and simplify cross-chain asset transfers across Ethereum and its Layer 2 networks.

Summary
  • Coinbase joins over 30 contributors to advance permissionless, secure cross-chain operations.
  • The Open Intents Framework enables developers to quickly build intent-based applications using its modular components like solvers, smart contracts, and UI templates.
  • Users can move assets and data seamlessly across Ethereum L2s, with solvers automatically executing transactions.

Coinbase Payments has joined the Open Intents Framework (OIF) as a core contributor, collaborating with dozens of L2 teams to develop open standards for secure, permissionless cross-chain asset transfers.

Through the OIF, developers and projects on Ethereum can leverage OIF’s modular components—such as solvers, smart contracts, and UI templates—to quickly build and deploy intent-based applications without creating infrastructure from scratch.

For users, this means assets and data can move seamlessly between different Ethereum networks and Layer 2 solutions. They can simply express an “intent,” like swapping tokens across chains, and a specialized agent, called a solver, executes the transaction automatically.

“The framework is a critical step toward mainstream applications like ecommerce, where cross-chain payments can feel as seamless as today’s web experiences, while benefiting from the security of the Ethereum network,” said Coinbase in a post on X.

Coinbase Open Intents Framework

Launched in February by the Ethereum Foundation, the OIF aims to unify the Ethereum Layer 2 ecosystem. It builds on standards like ERC-7683, which define how intents are created, executed, and settled, enabling fast, seamless cross-chain operations across Ethereum and its L2 networks.

Coinbase marks the latest addition to the initiative, which has grown to include over 30 contributors, including major Layer 2 solutions like Arbitrum, Optimism, zkSync, and Scroll, as well as cross-chain protocols like LI.FI. Other participants, such as Wonderland, Taiko, and Across Protocol, have integrated OIF modules to simplify cross-chain asset transfers and experiment with new order types, such as cross-chain Dutch auctions.

Market Opportunity
CROSS Logo
CROSS Price(CROSS)
$0.12652
$0.12652$0.12652
+0.38%
USD
CROSS (CROSS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

‘Literally billions’ of AI agents to use stablecoins in 5 years: Circle CEO

‘Literally billions’ of AI agents to use stablecoins in 5 years: Circle CEO

Circle CEO Jeremy Allaire says AI agents have no alternative to stablecoins and will conduct everyday activities with the tokens within as little as three years
Share
Coinstats2026/01/23 08:46
Trump says US ‘armada’ heading toward Iran

Trump says US ‘armada’ heading toward Iran

The warships start moving from the Asia-Pacific as tensions between Iran and the US soared following a severe crackdown on protests across Iran in recent months
Share
Rappler2026/01/23 09:37
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37