12/07/2024 Coinbase to Launch ‘One-Stop’ App for Managing Crypto, NFTs, and DeFi Positions

Coinbase to Launch 'One-Stop' App for Managing Crypto, NFTs, and DeFi Positions

Coinbase has announced the upcoming launch of a new web application designed to provide users with a single platform for viewing and managing their entire crypto exposure, including tokens, NFTs, and DeFi positions.

NBA legend Shaquille O’Neal signs $11M Astrals NFT settlement
NFTs weekly sales surge 94% as crypto market continues bullish run
How East Goes Global’s NFT Partnership Is Empowering Artists

This initiative aims to streamline the user experience and integrate various functionalities into one cohesive interface.

Coinbase Launches Web App to Unify User Crypto Experience

On Thursday,Coinbaserevealedplans for a new web appallowing users to manage their digital assets comprehensively.

The application is designed to integrate multiple wallets, enabling users to view and manage their entire portfolio, including tokens, NFTs, and DeFi positions, across different blockchains like Bitcoin, Solana, and Ethereum.

This move is part of Coinbase’s broader strategy to bring approximately 100 million users onto the blockchain.

Sid Coelho-Prabhu, Coinbase’s Senior Director of Product Management, stated that user feedback drove the development of this web app. He said,

“This is one big step in that direction. A user that we send to this portal is going to have a really easy way to set up a wallet, if they have multiple wallets they can configure that as well.”

According to Coelho-Prabhu, users needed a simplified way to manage their assets and view their portfolios on the blockchain. He emphasized that the app’s goal is to make on-chain activities more accessible and user-friendly.

Notably, thenew Coinbase Wallet web appoffers a range of features designed to enhance the user experience.

Users can connect multiple wallets and view their overall cryptocurrency balance in one place. According to a Coinbase tweet, the app supports trading over 2 million tokens across eight chains, providing a seamless trading experience with any connected wallet.

Additionally, the app is integrated with Coinbase smart wallets, and is said to have features such as gasless transactions on certain mints and the capability to spend directly from a Coinbase account on-chain via MagicSpend.

Furthermore, the app also includes features that allow the creation and distribution of NFTs directly on the platform for creators.

This functionality will empower creators by giving them more control and additional avenues for monetization.

According to Coinbase, the app aims to centralize all current on-chain products, making it a “one-stop” destination for all blockchain-related activities.

Regulatory Advocacy and Security Enhancements

While launching new features, Coinbase continues to advocate for better regulation in the digital asset market.

The company hassubmittedan amicus briefin the case of Lejilex Exchange and the Crypto Freedom Alliance of Texasagainst the U.S. Securities and Exchange Commission (SEC).

Coinbase has also been named an additional custodian for VanEck’s Bitcoin Trust, highlighting its ongoing efforts to enhance security and the user experience.

This role involves holding Bitcoin primarily in cold storage to protect against cyber threats, reinforcing Coinbase’s commitment to providing secure and reliable services.

Notably, this “one-stop’ app is a step by Coinbase towards making blockchain technology more accessible and manageable for seasoned and novice users.

Relatedly, this move comes afterBybit overtook Coinbase to become the second-largest exchangeby volume after Binance, according to a report from crypto research firm Kaiko.

This growth comes as Binance’s dominance declined from 60% to 54%, with Bybit benefiting from increased Bitcoin (BTC) and Ethereum (ETH) trading. These now account for 53% of its market share, compared to 43% on Binance.

In June 2023, the SEC sued Coinbase and Binance for securities violations, with Binance facing a historic $4.3 billion settlement for Anti-Money Laundering violations.

Despite these legal challenges, Coinbase also reported significant growth, with a 193% increase in trading volumes, slightly trailing the average growth rate of other major exchanges.

Arts

https://cryptonews.com/news/coinbase-to-launch-one-stop-app-for-managing-crypto-nfts-and-defi-positions.htm

Interesting NFTs
Michael Jordan - Crown Collection
“All you needed was one little match to start that whole fire.”- Michael Jordan. In regards to both the action on the court and everything that happened off of it, Jordan provided a spark that changed the future in so many different ways throughout his tenure in Chicago, and even decades after the fact. And, in the end, he got everything that he wanted when he began his NBA journey: he turned the team and organization as a whole into a respected program, like the dynasties he looked up to as a child. Having steered the Chicago Bulls to an incredible six championship rings in eight years from 1991-1998, scooping up five MVP awards in the process, Jordan is one of just a handful of superstars who have truly transcended their sports. Jordan and Scottie Pippen’s (right) relationship both on and off the pitch was arguably the foundation of the Bulls’ incredible success. Scottie Pippen was present with Jordan for all six championships in eight seasons. Dennis Rodman (left) His relentless and smart play perfectly suited what Jordan and Jackson wanted to do to take the Bulls to greater heights. Although his exploits off the court earned him special fame, Rodman was unquestionably one of the greatest basketball players of his generation and one of the finest defensive players in the history of the game.
#79013
By OthersideDeployer
Everydays: The First 5000 Days
I made a picture from start to finish every single day from May 1st, 2007 - January 7th, 2021. This is every motherfucking one of those pictures.
CryptoKitties
Uh, hi! I'm Kitty #437587. My friends describe me as smelly and prickly. I was voted biggest teacher's pet in college. I hope we can be pawmates.
Crypto Toy Coin
This piece represents the creation of a new "Visual Toy", a term created by me to encompass my unique and exclusive GIF-Arts. The latter, "Crypto Toy Coin" is the only and first in the cryptocurrency theme. In it I represent the fast-paced world of finance in the virtual environment, the Internet with its universe of colors and infinite visual impact, an optimistic and exciting future, a world of possibilities that opens before us. These "Visual Toys" invite you to imagine, that is their function, that is the game. The ultimate goal is that you imagine, that it is you who gives it meaning. There are no good or bad answers, just the projection of each one. I've only created the trigger, the piece where you can project your imagination and let it fly.