Coinbase Launches Web One-stop App To Facilitate Crypto Users
JAKARTA - Coinbase, a crypto company from San Francisco, announced the launch of a new web app designed to provide users with one integrated platform in view and manage their crypto exposures, including tokens, NFT, and DeFi's position.
Quoted from The Block, in its official statement, Coinbase executive said that the platform will provide one-stop destinations to explore, manage, and interact with people, communities, and businesses on-chain.
Users can connect multiple wallets to this new web application, which is expected to make it easier for crypto asset management. Sid Coelho-Prabhu, Senior Director of Product Management at Coinbase, explained that this idea started from user feedback after the launch of Coinbase's smart wallet last month.
We received feedback from users saying, 'I also want to manage assets. I want to have a place to go every day to see what happens on-chain and manage my on-chain portfolio,' Coelho-Prabhu told The Block.
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One of Coinbase's main goals with the launch of this new web app is to bring about 100 million exchange users to on-chain. Coelho-Prabhu explains that this is a big step towards achieving that goal.
The users we direct to this portal will have a very easy way to manage a wallet. If they have multiple wallets, they can also configure them, "he explained. They can do all the basic on-chain financial activity they want, be it buying or trading, or whatever. And they can see what's going on on-chain.
The app supports a wide variety of wallets, including smart wallets, Metamasks, and Phantoms. In addition, the app offers an efficient interface for trading more than 2 million tokens across eight different chains.
Some of the main features of this web application include:
With the integration of smart wallet technology, users can also enjoy gasless transactions on some minting and on-chain payments directly from their Coinbase account. This move is part of Coinbase's broader strategy to consolidate their on-chain products and improve user experience.