Coinbase Crypto Wallet Simplified
America’s largest crypto exchange, Coinbase, has made modifications to its crypto wallet app to improve user experience. Coinbase CEO Brian Armstrong announced the introduction of a “simple mode” that focuses on payments. One example of this is the ability to send USDC on Base instantly and for free. Armstrong stated that they will experiment with this mode in frontier markets to facilitate easier onboarding for users. The goal is to simplify the user experience and interface, allowing even beginners to easily engage with cryptocurrency.
Base Increasing L2 Share
On December 11, Coinbase Assets announced support for Seamless (SEAM) on the Base network. This makes SEAM the first and only Base native project token traded on Coinbase. Seamless is a lending and borrowing protocol layer-2 protocol on Base, with its flagship product being Integrated Liquidity Markets (ILM). The protocol recently airdropped SEAM tokens to users based on their protocol activity. While the total value locked (TVL) in Base has surged, most of it is likely due to airdrop farming.
Hot Take: Coinbase Makes Crypto Easier for Users
Coinbase’s recent modifications to its crypto wallet app, including the introduction of a “simple mode,” aim to simplify the user experience and interface. By focusing on essential functions like buying, sending, receiving, and storing digital assets, even beginners can now easily engage with cryptocurrency. This move addresses one of the main barriers to entry for the masses in the crypto space. With Coinbase’s ongoing efforts to enhance user experience, it is positioning itself as a user-friendly platform for individuals looking to enter the world of cryptocurrency.
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