Coinbase has released a new browser extension for its native wallet that allows users to link to decentralized apps and finance directly from their laptop.
Coinbase revealed Monday that the Coinbase Wallet browser extension is now accessible on Google Chrome. More than 1 million Coinbase Wallet customers link to apps like Uniswap and Compound on a daily basis, according to Coinbase Wallet lead Sid Coelho-Prabhu.
This procedure can be streamlined thanks to the latest Chrome extension, which eliminates the need for users to search a QR code on their mobile devices each time they choose to communicate.
A DeFi-Capable Wallet
Users will now trade on open markets and receive nonfungible tokens, or NFTs, with the latest expansion. Rarible, OpenSea, SushiSwap, Matcha, Synthetic, and Aave, among others, are supported decentralized applications. Most of the DeFi ecosystem exists on Ethereum.
Decentralized finance, or DeFi, is one of the biggest topics in crypto right now, with business insiders making millions by selling tokens on markets. DeFi remains out of sight for many common crypto enthusiasts due to a user interface that can be frustrating or confusing. That’s one of the reasons Coinbase is working to make the Wallet app—one of the DeFi-related tools—easier to use with the Chrome browser plug-in.
Coinbase Wallet, which the organization defines as a “decentralized sister” of its more well-known exchange service, has been available since 2018, but consumers had to use dapps (decentralized applications) including Uniswap via the Wallet app on their tablets.
Coinbase’s Status as an Industry Leader
In 2019, Coinbase introduced a function that allows users to reach desktop pages by scanning a QR file, a method that the company called “tedious” in a blog post announcing the latest Chrome integration.
According to CoinGecko info, Coinbase is one of the world’s biggest cryptocurrency exchanges, with its Coinbase Pro network handling approximately $10.6 billion in trades in the last 24 hours. Just Binance can accommodate further transactions.
Coinbase has filed for a public offering, making it the first global cryptocurrency exchange to do so. COIN shares were listed on the Nasdaq in mid-April. COIN, like many other newly traded securities, has had a brief trading history of significant uncertainty, having just recently sunk below the $250 pre-listing reference limit.
Will you be using the Coinbase wallet?