Tech
Coinbase Launches All-In-One Crypto Portfolio Management App
Cryptocurrency Exchange Monetary base has introduced a new application designed to simplify portfolio management and improve user experience, especially for newcomers to the world of cryptocurrencies.
The application, announced Thursdayallows users to oversee multiple on-chain wallets and assets from a single platform. The new app allows users to connect and manage multiple wallets, perform various transactions including buying, exchanging, sending, staking, and minting coins, as well as interact with other users. Coinbase highlighted the current challenges faced by cryptocurrency users:
Nowadays, 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.
The app will be accessible on both desktop and mobile devices, with extended compatibility for smart wallets. This move is in line with industry-wide efforts to simplify cryptocurrency management for less tech-savvy investors, following similar initiatives by other wallet providers such as Exodus.
Coinbase’s Big Projects
For Coinbase, this app is another step toward its ambition to become a “super app” similar to China’s WeChat. By expanding access and simplifying the user experience, Coinbase aims to attract a wider audience to its ecosystem.
In June, Coinbase CEO Brian Armstrong mentioned Asia where “people have apps that they use [for] digital money in all sorts of areas of their lives.” He said he wants the company he runs to offer something very similar:
I think in this case Coinbase wants to be that super app, but everything will be based on decentralized protocols.
What is Coinbase?
Coinbase is a leading cryptocurrency exchange and financial services company. Founded in 2012, it provides a user-friendly interface for individuals and institutions to buy, sell, store, and exchange various cryptocurrencies for example Bitcoin (BTC), Ethereum (ETH)and many others.
Coinbase is known for its emphasis on regulatory compliance and security, which has helped it gain trust among both retail and institutional investors. The company went public on Quotation in April 2021, marking a significant milestone in the widespread adoption of cryptocurrency services.