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Coinbase Just Revealed New DApp Wallet and Browser for Ethereum (ETH) Network

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Crypto exchanges are making a lot of relevant moves these days. One of the most important ones has just revealed its plans involving a new Dapp wallet. Check out the latest on COinbase below.

Coinbase reveals new Dapp wallet

Accoridng to the latest reports, the crypto exchange Coinbase revealed that it’s launching new ways for users to access decentralized applications (DApps) in the Ethereum (ETH) ecosystem.

Cooinbase recently explained that it is releasing a new DApp wallet and browser. This will allow users to buy digital collectibles, and trade crypto assets on decentralized exchanges. They will also be able to participate in decentralized finance (DeFi).

The new Ethereum-based DApp wallet and browser will be accessed directly from the Coinbase app.

More than that, according to the latest reports, it will initially be available to a limited number of users in the US.

The DApp wallet and browser will come on the operating system of Android mobile devices. Check out the details that official notes reveal:

“We’ll roll out the ability for a small set of Coinbase app users to access Ethereum-based DApps directly from the Coinbase app.”

The same notes also highlighted the following:

“This includes buying NFTs [non-fungible tokens] on marketplaces like Coinbase NFT and OpenSea, trading on Decentralized Exchanges like Uniswap and Sushiswap, and borrowing, lending, or swapping through DeFi platforms like Compound and Curve.”

Coinbase’s rising interest in DApps and the third generation of the internet, or Web 3.0, has exploded lately.

It’s worth noting the fact that the total value locked on Ethereum-based DeFi protocols was able to reach more than $110 billion while non-fungible token (NFT) sales have exceeded $30 billion over the past year.

It’s also really interesting to note that one of the features of the new Coinbase DApps is an improved recovery process in case access to a device is lost.

We suggest that you check out the official notes released by Coinbase involving this new important move that the crypto exchange is making.

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