Coinbase Announces Launch of "Universal App" Base App to Replace Coinbase Wallet

On July 17, cryptocurrency trading platform Coinbase announced on Wednesday the launch of an "everything app" called "Base App," aimed at attracting more users into the crypto economy. This new app, which replaces Coinbase Wallet, integrates wallet, trading, and payment functions, while also incorporating social media, instant messaging, and mini-program support, all running on its self-developed Ethereum Layer 2 network, Base. For Coinbase, this move is intended to break through the limitations of its core cryptocurrency trading business and reach a broader potential user base. [BlockBeats]