Coinbase Wallet officially changed its name to "Base App" to create a one-stop encryption application platform

Coinbase, the largest cryptocurrency trading platform in the United States, announced that it will officially rename its self-hosted wallet "Coinbase Wallet" to "Base App", and position the product as a one-stop digital asset platform that integrates social, chat, payment and trading functions.

According to the official statement, "Base App" is not just a change in brand name, but also marks Coinbase's strategic upgrade in the field of crypto wallets. The new version will deeply integrate the ecological resources of the Base public chain, and provide a smoother and more unified user experience by integrating multiple modules.

New feature highlights include:

Base Pay: A tool based on on-chain fast checkout, users can achieve second-level crypto payments on mainstream platforms such as Shopify without jumping to other interfaces;

Sign in with Base: Supports users to log in to other dApps and platforms that support Base with one click, simplifying the identity authentication process;

Social and chat system: Future versions will introduce on-chain social interaction functions, users can chat with friends directly through the Base App, share transaction records or NFT works;

Enhanced asset management functions: Support cross-chain asset viewing, seamless switching of Layer 2 networks, and one-click participation in DeFi protocols, etc.

Coinbase said that this move is to improve user stickiness and follow the trend of crypto wallets evolving from "trading tools" to "social portals". In the increasingly competitive crypto wallet market, the launch of Base App is seen as a key step for Coinbase to integrate the ecosystem and expand the application layer.

Coinbase Vice President of Product Sid Coelho-Prabhu said: "We are building a 'super app' for the crypto era through Base App, integrating identity, payment and interaction into a unified experience."