On Thursday, Coinbase announced the launch of a new Coinbase Wallet web application designed to offer users a unified platform for managing their entire on-chain crypto portfolio.
On Thursday, Coinbase announced the launch of a new Coinbase Wallet web application designed to offer users a unified platform for managing their entire on-chain crypto portfolio, encompassing tokens, NFTs, and DeFi positions.
The new web app allows users to connect multiple wallets, creating the “ultimate hub for everything onchain.” According to a statement from Coinbase executives, the platform aims to be a "one-stop destination" for interacting with people, communities, and businesses within the blockchain ecosystem.
Sid Coelho-Prabhu, Senior Director of Product Management at Coinbase, revealed that user feedback played a significant role in the development of the new platform. "We got feedback that users were like, ‘I also want to manage assets. I want to have a place to go every day to see what’s happening on-chain and manage my on-chain portfolio,’"
This feedback highlighted the need for an easy-to-use hub where users can manage their crypto assets and stay updated on blockchain activities. The new web app addresses this need by providing a streamlined interface where users can perform essential on-chain financial activities such as buying, trading, and monitoring their portfolios. Coelho-Prabhu emphasized that one of Coinbase's primary goals with the new web app is to facilitate on-chain engagement among its approximately 100 million users.
The launch of this web app complements the recent launch of the Coinbase smart wallet, which aims to onboard mainstream users by “allowing new users to start without the need to install any extension or mobile app.” Coinbase’s Base Network has seen a surge in popularity and user activity this year, and has climbed up to second in ranking by total value locked (TVL) in layer-2s, surpassing Optimism.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
