Home News Coinbase launches standalone browser extension for Coinbase Wallet

Coinbase launches standalone browser extension for Coinbase Wallet

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Coinbase, a cryptocurrency exchange based in the United States, has released a new standalone browser extension for its Coinbase Wallet, allowing users to access thousands of digital assets on decentralised exchanges, also known as DEXs, with more ease.

Coinbase Wallet will be offered as a standalone browser extension starting Monday. Which means that new clients may get it for free on Chrome. According to the business, new users may easily import an existing Ethereum-based wallet like MetaMask.

Customers who have previously used WalletLink to access the Coinbase Wallet will be able to use the new feature by importing the wallet and inputting their recovery phrase. Coinbase’s downloaded browser extension was first made available to current clients in May of this year.

Self-custody has become a hot subject

In the era of DeFi and NFTs, also known as decentralised finance and nonfungible tokens, self-custody wallets such as MetaMask have proven to be immensely popular. Self-custody wallets make it easier for users to move cash to decentralised exchanges and non-centralized marketplaces. In order to purchase assets that would otherwise be unavailable on centralised platforms.

As the cryptocurrency sector tries to attract tens of millions of new users, self-custody has become a hot subject. A recent rash of centralised exchange attacks, paired with the most recent DeFi vulnerabilities, has heightened security concerns. As a result, there has been an increase in efforts to offer new self-custody systems. That emphasise the simplicity of use. Square, founded by Jack Dorsey, revealed intentions to develop a new Bitcoin (BTC) hardware wallet with “assisted-self-custody” capabilities earlier this year. The wallet aims to “simplify custody” while maintaining security.

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