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Product updates
Coinbase launches new 'Smart Wallet' solution
Decentralized Finance (DeFi)
Jun 5, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jun 5, 2024

Coinbase launches new 'Smart Wallet' solution

Product updates

  • Coinbase has unveiled its new Smart Wallet solution, which enables users to create a free self-custody wallet to access DeFi services.

  • The solution will feature passkeys such as Face ID, Google Chrome profiles, and fingerprints instead of the traditional recovery phrases, apps, and extensions usually required to access DeFi services. Users will also be able to execute transactions using either their Coinbase account balances or their self-custodial wallet balance.

  • Furthermore, developers can integrate the solution with their own projects built on supported blockchains, such as Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, and BNB. Smart Wallets will also enable developers to offer gasless transactions to end-users via "paymaster" sponsorships.

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