Coinbase Integrates Self-Managed and dApp Wallets into Ethereum L2 Network Base

02/27/2023 01:02 • Tech Trends • 94 views

On February 27, Jesse Pollack, the person in charge of the Coinbase agreement, revealed that the company’s newly launched Ethereum L2 network base will integrate two products, the Coinbase self-managed wallet and the Coinbase dApp wallet.

Base will integrate Coinbase self-managed wallet and dApp wallet

Analysis based on this information:

Coinbase, the San-Francisco based cryptocurrency exchange, recently launched its Ethereum L2 network base that leverages the Optimism scaling solution to provide faster and cheaper transactions. Now, the company has revealed that it plans to integrate two of its existing products, the self-managed wallet and the dApp wallet, into this new platform. This move is set to bring more convenience to users of the platform, who can now access both wallets from a single point of entry.

Jesse Pollack, who is in charge of the Coinbase agreement, made the announcement on February 27, indicating that the integration process would commence soon. The self-managed wallet is a product that allows users to store their cryptocurrency in a secure, private wallet that only they can access, using a personal seed phrase. Meanwhile, the dApp wallet is designed to enable users to access decentralized applications on the blockchain, such as Uniswap, Compound, and Aave, among others.

With the integration of the two wallets into the Ethereum L2 network base, users can manage and access their assets more efficiently, and switch between managing their assets and using dApps all on the same platform. This move is also likely to boost Coinbase’s customer base as users will be more inclined to access a single platform that provides both trading and dApps functionalities.

The integration of the two wallets into the Ethereum L2 network base highlights Coinbase’s commitment to improving its user experience and offering more value to its customers. With the increasing adoption of blockchain and cryptocurrencies, it is essential for companies like Coinbase to keep up with market trends and offer innovative solutions to meet user expectations.

In conclusion, Coinbase’s integration of its self-managed and dApp wallets into the Ethereum L2 network base is a step in the right direction for the company. By creating a more unified platform for users to manage their assets and use dApps, Coinbase is demonstrating its commitment to enhancing its customers’ experience. This move is likely to lead to increased user adoption and further grow Coinbase’s customer base.

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Coinbase Integrates Self-Managed and dApp Wallets into Ethereum L2 Network Base

Base will integrate Coinbase self-managed wallet and dApp wallet

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