In this competitive world of crypto exchanges, it is no longer enough to provide the best services in the market to be on top of the competition. Users expect more creativity and accessibility from the platforms, and Coinbase never fails to deliver.
Coinbase recently announced the launch of its browser extension that will work on every popular web browser, such as Google Chrome, Firefox, and Microsoft Edge. This extension will connect Coinbase Wallet to user’s browsers and allow them to connect to various dApps in a Metamask-like fashion.
Coinbase wallets entertain over a million users that can enjoy an improved user experience using this browser extension. They can connect their DeFi applications such as Uniswap and Compound with ease instead of scanning the QR every time.
How does the extension work?
Earlier, users had to scan a QR code on their favorite dApps’ account to connect the wallet. However, now they can simply link the extension with their wallet and easily integrate it with any dApp of their preference.
However, the extension does require one-time verification from the mobile wallet. The wallet app must be updated to the latest version to use this feature.
Currently, the extension supports dApps such as:
However, to ensure safety, users have to verify every transaction on their mobile wallet, which might be the only drawback of this extension. On a happier note, the extension can encrypt a wallet’s private keys using a secure Keystore of your mobile device.
Improved DeFi onboarding
Coinbase Wallet is non-custodial but offers an easy way to connect to the company’s exchange account. This feature will make the onboarding process to DeFi applications simpler and quicker for over 56 million users of Coinbase.
The company aims to promote crypto adoption by making the process easier and user-friendly. For this purpose, Coinbase has taken several steps and will continue to do so, as mentioned by them in their official release about the launch of the browser extension.