Coinbase Wallet Launches Standalone Browser Extension
November 08 2021 - 8:15PM
NEWSBTC
Coinbase continues to look for more optimization. In a world where
versatile wallet tools like Metamask have had immense prevalence
for crypto users, the attention and investment into standalone
wallets is increasing. Of course, in enters Coinbase, one of the
most prevalent names in the world of crypto exchanges. The exchange
has been scaling up from providing simple exchange capabilities
this year through a number of initiatives. The list of supported
tradable tokens on the platform continues to grow rapidly, a new
NFT marketplace has millions of users on the waitlist, and now
there are new initiatives at Coinbase to further the Coinbase
Wallet capabilities. This Browser Does More Than Just Browsin’ A
press release to kick off the week for Coinbase has shared the
firm’s latest announcement: the Coinbase Wallet is now available as
a full standalone browser extension, available on the Chrome
webstore. The exchange first introduced a downloadable browser
extension back in May. However, users were only allowed to link
wallets to the extension, rather than having direct access. This
week’s update takes the mobile app out of the equation, and will
allow Wallet users to have streamlined access towards all wallet
capabilities, including connections with NFTs, DeFi platforms,
DEXes, and more. Existing Wallet users can now drop WalletLink and
download the standalone extension, allowing consumers to import
existing self-custody Ethereum-based wallets or create a new one.
While many blockchain platforms will of course still require
specific wallets, (such as the Terra ecosystem or many Tezos
applications, for example) there is no doubt that Coinbase is
looking to take some market share from leaders like Metamask. After
a rougher start to the initial public trading period that $COIN
faced earlier this year, the exchange is looking to right the ship,
and has showed strong performance in the last quarter of the year.
| Source: NASDAQ: COIN on TradingView.com Related Reading | New
York Mayor Says Cryptocurrencies Should Be Taught In Schools What’s
In A (Coinbase) Wallet? Looking forward, the exchange has stated
that they “will continue working to empower everyone to use dapps
and web3 by building the easiest-to-use and most accessible
self-custody wallet in the ecosystem.” Self-custody has been a
heightened topic in crypto, as consumers balance the reliance of
emerging DeFi products with the old adage, “not your keys, not your
coins.” Accordingly, many firms have shifted focus to potential
opportunities with wallets. Jack Dorsey’s Square is reportedly
working on a hardware wallet with self-custody features. User
interface, security, device compatibility, and multichain support
are the priority features for these platforms – with room for
optimization relative to the current landscape. It’s very likely
that the wallet landscape and experience one year from now looks
substantially different than it does today. Related Reading |
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