Learn about Coinbase’s new crypto app store plan

June 30, 2021

Bitcoin Still Exchanging in Bullish Movement

Coinbase is seeking to strengthen its global influence, announcing that in the future it will focus on launching new products “by default in most countries/regions”, including crypto app stores. An app store that provides products developed by third parties. Armstrong estimates that there are now “[tens] billions of dollars in economic activity running on DApps.” 

 

The post also highlighted Coinbase’s commitment to expanding the number of crypto assets it supports and increasing the speed of new listings, announcing plans to reduce legal reviews for potential listings, and launching a “test zone” for new assets. The legal review process will be reduced from 70 questions to 12 questions. At the same time, it is noted that due to regulatory reasons, many assets may not meet Coinbase’s listing and trading standards. 

 

The exchange believes that it can provide basic wallet functions such as services, custody, and transfer.” Most assets”. It also claims that the Coinbase application will soon support “any application built on a decentralized encryption track”, which indicates that users of the exchange will soon be able to interact with the emerging DeFi ecosystem through the Coinbase application. Armstrong also emphasized Coinbase’s desire to become a “global” company.

 

 Although the post describes Coinbase as currently focusing on delivering its products within a “constricted set of areas,” the exchange expects to launch new products “by default in most countries” in the future.

 

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