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May 17, 2022
by Jafrin Ahmed
Coinbase Launches Direct Access To ETH-Based Dapps For Some Users
Cryptocurrency exchange Coinbase Global will allow a “small set” of its app users to access Ethereum-based decentralized apps (dapps) directly from their app.
Select Users Can Now Directly Access Ethereum-Based Dapps on Coinbase
According to an official announcement, Coinbase’s dapp wallet and browser extension would give a few of its US-based users access to DeFi and NFT marketplaces directly from its app.
Users will be able to buy NFTs on decentralized marketplaces like OpenSea and trade on decentralized exchanges like Uniswap and Sushiswap, and lend and borrow on DeFi platforms like Compound and Curve without leaving the Coinbase app.
The new feature will be rolled out in the US on Android to a select number of users, with further plans to expand to all users soon.
“We want to enable everyone to seamlessly and safely participate in web3, and today’s launch is another step on that journey,” said Rishi Dean, Director of Product Management.
Secured With MPC Technology
The dapp wallet is operated with Multi-Party Computation (MPC) technology, which secures the privacy of senders and receivers while ensuring the accuracy of a transaction.
“This means if you lose access to your device, the key to your Dapp wallet is still safe and Coinbase can assist in recovery through our live support,” Dean added.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.