News
Coinbase Launches Wallet App as Hub for Onchain Activity
Cryptocurrency Exchange Monetary base introduced a centralized hub for monitoring onchain activity.
“In the rapidly evolving and decentralized world of cryptocurrency, keeping track of your onchain activity can be difficult,” the company said in a statement on Thursday (July 11). blog post. “Today, many people use manual spreadsheets and need to open multiple browser tabs to track their assets holistically. Many people also manage multiple crypto wallets, and until now, getting a complete view of all their assets in one place has been a challenge.”
Additionally, many desktop users are limited by the “small view” of browser wallet extensions, resulting in a need for a unified view of transactions, according to the post.
THE Coinbase Wallet The web application allows users to explore, manage, and interact with people, communities, and businesses onchain, and is accessible on both desktop and mobile devices, according to the post.
“Discover the latest NFT mints, seamlessly view and trade across all your wallets, and access all your crypto assets in one streamlined, full-screen interface,” the blog post said. “This launch complements our recent introduction of smart wallets, designed to simplify your entry into the onchain world, allowing new users to get started without the need to install any extensions or mobile apps.”
Meanwhile, PYMNTS wrote last week about the challenges facing broader adoption of cryptocurrenciesincluding scalability and interoperability issues.
“Effective solutions will be instrumental in the widespread adoption of blockchain technology,” the report said. “By enabling faster and cheaper transactions, these advances can improve the user experience and open up new use cases for blockchain.”
To that purpose, Band and Coinbase partnered in June to expand global adoption of cryptocurrency and provide faster, less costly financial infrastructure.
Coinbase’s efforts to make cryptocurrency trading easier to track are gaining traction as cryptocurrency hackers appear to be stepping up their efforts.
Last week, a report from blockchain data firm TRM Labs was released that showed hacker stole $1.38 billion by mid-2024, up from $657 million in the same period last year.
For all of PYMNTS’s digital transformation coverage, subscribe to our daily newspaper. Digital Transformation Newsletter.