Coinbase Wallet augments support to Ledger Hardware Wallet

February 23, 2022

Because of the market, Coinbase decides not to hire new employees.


Coinbase Wallet, in-house wallet assistance proposed by well-known crypto exchange Coinbase, has rolled out browser extension aid for Ledger hardware wallets. The Coinbase Wallet extension accessible in the Chrome Web Store is a non-custodial wallet that enables users to store and transact virtual currencies and nonfungible tokens (NFT). By strengthening support for Ledger, Coinbase users can select to utilize a physical Ledger appliance to store the private keys to their wallets in offline mode. Coinbase senior product manager Adam Zadikoff accentuated the improvement as being a norm to giving an extra layer of safety and considerable peace of mind for users. He further said that they want to authorize everyone to use DApps and access Web3 and that mandates building the simplest to use and most available self-custody wallet in the ecosystem.

As a component of the launch, Coinbase has extended the partnership with Ledger to discharge a limited-edition Coinbase-branded Nano X hardware wallet on Ledger’s authorized website. As per the report, Coinbase stores about 12% of all crypto across more than 150 asset classifications, with the company’s chief financial officer, Alesia Haas declaring that almost 50% of the transacting consumers are doing something other than trading crypto, which demonstrates that crypto is moving beyond its preliminary enterprise phase into the long foreseen utility phase.

Cointelegraph recently brought out the rising susceptibility for crypto wallets assembled as browser extensions such as MetaMask, Binance Chain Wallet, and Coinbase Wallet owing to the launch of a new malware named Mars Stealer. The malware targets over 40 browser-based crypto wallets. As per the reports, the new malware is a strong upgrade to the data-stealing Oski trojan. The researcher also reported that the malware can attack all Chromium-based browsers, involving Google Chrome, Microsoft Edge, Brave, etc.


Give a look at this- Coinbase Wallet carries out help for NFTs

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