Coinbase Global (COIN) will begin allowing for a “small set” of its app users to access Ethereum-based decentralized apps (dapps) directly from the Coinbase app, according to a blog post Monday.
-
This addition will help users purchase NFTs on various marketplaces including OpenSea and Coinbase’s own NFT platform; trade on decentralized exchanges including Uniswap and Sushiswap; and borrow and lend through DeFi platforms including Curve and Compound.
-
These features will be powered by Coinbase’s new dapp wallet and browser. The company said it’s rolling out the new services in the U.S. on Android first to a limited subset of users, with plans to expand to all users and platforms soon.
-
“Over 95% of the nearly 300 million cryptocurrency investors worldwide have not ventured beyond a centralized exchange,” Andrew Thurman of blockchain analytics firm Nansen told CoinDesk. “This move by Coinbase has the potential to give a new wave of users the chance to explore the frontier of DeFi and NFTs.”
Read more: What Is a Dapp? Decentralized Apps Explained
The Festival for the Decentralized World
Thursday – Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now
BTC$30,038.68
3.30%
ETH$2,034.83
4.86%
XRP$0.426875
4.10%
SOL$54.48
5.66%
CRO$0.195567
2.69%
View All Prices
Sign up for The Node, our daily newsletter bringing you the biggest crypto news and ideas.
