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This week, we saw significant announcements from the Ethereum event and various other places, despite the market being lackluster. Even though the inflation data came in low, sales near $60,000 pushed the BTC price back to $57,000. At the time of writing, the Coinbase exchange announced its own on-chain application.
Coinbase News
A new application is coming for Coinbase users, allowing them to track everything, including tokens, NFTs, and DeFi positions. This user-friendly gateway will enable investors familiar with centralized exchanges to venture into decentralized finance and the real blockchain. Multiple wallets can be connected to this application.
Such a step was expected after the exchange launched its own smart wallet. The Binance exchange had also taken various steps to integrate its users more easily with the blockchain. Coinbase Product Director Sid Coelho-Prabhu said:
“Feedback from users like ‘I want to manage assets too’ prompted us to take action. We will provide them with a way to see what’s happening on the network and monitor their portfolio live. We are taking a big step in this direction. A user we send to this portal will have a really easy way to set up a wallet, and if they have multiple wallets, they can configure them as well. This development can indirectly increase on-chain activities and network values.”
