Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » Coinbase One-Stop App for Managing Crypto, NFTs, and DeFi

Coinbase One-Stop App for Managing Crypto, NFTs, and DeFi

Hania by Hania
July 12, 2024
in Crypto Exchanges, NFT News
Reading Time: 3 mins read
A A
0
Coinbase One-Stop App for Managing Crypto, NFTs, and DeFi
Share on FacebookShare on Twitter
ADVERTISEMENT

The innovative web tool that Coinbase has announced will soon be launched with the goal of simplifying the handling of digital assets. With this new platform, users will be able to manage all of their cryptocurrency holdings—tokens, NFTs, and DeFi positions—in a single, integrated interface. The action is a component of Coinbase’s larger plan to improve user experience and simplify access to different blockchain features.

Meet the new Coinbase Wallet web app.

All of your crypto. All of your wallets. All in one place.

Your new home for everything onchain.

→ https://t.co/fQKwk1nr2W pic.twitter.com/3dQrcmA359

— Coinbase Wallet 🛡️ (@CoinbaseWallet) July 11, 2024

A One Unified Digital Asset Platform

Coinbase announced its plans for the new web app on Thursday. It will allow customers to fully control their digital assets. With the option to use multiple wallets, users will be enabled to monitor and manage their portfolios across many blockchains, including Ethereum, Solana, and Bitcoin. The objective is to combine diverse functionalities into a unified platform, hence augmenting user efficiency and convenience.

Coinbase’s Senior Director of Product Management, Sid Coelho-Prabhu, stressed that user feedback was the main factor in the development of this app. “This is a significant step toward that goal. When a user visits this webpage, setting up a wallet will be quite simple for them, and if they have numerous wallets, they can configure each one separately, according to Coelho-Prabhu. The app addresses the demand for a more straightforward method of managing digital assets by making on-chain activities more accessible and user-friendly.

You May AlsoLike

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

February 28, 2025
Bitget Introduces BitEXC

Bitget Introduces BitEXC: A Customized Crypto Platform for Vietnam

December 3, 2024

Coinbase One-Stop App for Managing Crypto, NFTs, and DeFi

New Features and an Improved User Interface

A number of features are available in the recently released Coinbase Wallet web app to improve user experience. Users can examine their total cryptocurrency balance in one location by connecting several wallets. A Coinbase tweet claims that the app offers a smooth trading experience with any linked wallet, supporting the trade of over 2 million tokens over eight networks.

With features like gasless transactions on some mints and the option to spend money straight from a Coinbase account on-chain using MagicSpend, the app interfaces with Coinbase smart wallets. The software also has features that give producers additional control and new revenue streams by enabling them to mint and distribute NFTs directly on the platform.

Regulatory Promotion and Strengthening of Security

Coinbase continues to push for further regulation of the digital asset industry even as it introduces new capabilities.  In the legal dispute between Lejilex Exchange the Crypto Freedom Alliance of Texas and the U.S. Securities and Exchange Commission (SEC), the company has filed an amicus brief.

Coinbase has demonstrated its dedication to security by being designated as an extra custodian for VanEck’s Bitcoin Trust. In order to defend against cyberattacks, this function mostly entails keeping Bitcoin in cold storage, underscoring Coinbase’s commitment to offering dependable and secure services.

With the release of this feature-rich app, Coinbase has taken a big step in improving blockchain technology’s usability and accessibility for both experienced and inexperienced users.

Market expansion and the competitive environment

This development takes place in a market that is very competitive. Crypto research firm Kaiko revealed that Bybit had surpassed Coinbase to become the second-largest exchange by volume after Binance. While Bybit gained from increasing trading in Bitcoin (BTC) and Ethereum (ETH), which currently account for 53% of its market share as opposed to 43% on Binance, Binance’s market share fell from 60% to 54%.

The SEC filed lawsuits against Coinbase and Binance in June 2023 for securities violations. Binance was forced to pay a record $4.3 billion in settlement for anti-money laundering offences. Coinbase claimed strong growth despite these legal difficulties, with a 193% increase in trading volumes, only marginally outpacing the average growth rate of other large exchanges. 

Tags: crypto exchangecrypto news
Share76Tweet47
ADVERTISEMENT
Previous Post

Donald Trump Confirmed as Keynote Speaker at Bitcoin 2024 Conference

Next Post

Altcoins Gain Momentum as Bitcoin Faces Resistance: SOL, AVAX, DOGE, XRP

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement
Crypto Exchanges

OKX Pleads Guilty, Resolves DOJ Investigation with $505M Settlement

February 28, 2025
Bitget Introduces BitEXC
Crypto Exchanges

Bitget Introduces BitEXC: A Customized Crypto Platform for Vietnam

December 3, 2024
Coinbase high listing fee
Crypto Exchanges

Coinbase Face Scrutiny Over High Listing Costs, Sparking Shift Towards Decentralized Platforms

November 5, 2024
Bitfinex to Receive 120K BTC for 2016 Hack
Crypto Exchanges

Bitfinex to Receive 120K BTC for 2016 Hack: A Major Recovery Update

October 9, 2024
Crypto.com Takes Legal Action Against SEC Following Wells Notice
Crypto Exchanges

Crypto.com Takes Legal Action Against SEC Following Wells Notice

October 8, 2024
CryptoPunk Sells for $1.5 Million Amid NFT Market Slump, Raising Fresh Optimism
NFT News

CryptoPunk Sells for $1.5 Million Amid NFT Market Slump, Raising Fresh Optimism

September 10, 2024
Next Post
Altcoins Gain Momentum as Bitcoin Faces Resistance: SOL, AVAX, DOGE, XRP

Altcoins Gain Momentum as Bitcoin Faces Resistance: SOL, AVAX, DOGE, XRP

Discussion about this post

Live Prices

You have not selected any currency to display

Stay Connected

You May Also Like

  • Bitcoin Halving Update: Bitwise CEO's $100k Price Projection Sparks Excitement

    Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    239 shares
    Share 96 Tweet 60
  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    197 shares
    Share 79 Tweet 49
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    196 shares
    Share 78 Tweet 49
  • OKB Price Prediction 2023 – 2030: Will OKB reach $200?

    201 shares
    Share 80 Tweet 50
  • Litecoin (LTC) Price Prediction For 2023,2024, 2025 And 2030

    202 shares
    Share 81 Tweet 51
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.