Coinbase has unveiled its new Base app, which combines cryptocurrency trading, payments, social features, and messaging into one platform.
Announcement and Concept of the Base App
At the 'A New Day One' conference held on July 16 in Los Angeles, Coinbase announced the Base app as an 'everything app' built to operate atop its Ethereum Layer-2 network. The app evolves from a simple wallet into an integrated ecosystem.
Key Features of the New App
Base offers four key experiences: a social network powered by Farcaster, an app discovery hub, end-to-end encrypted messaging with AI agents for trading and transactions, and a trading and payments wallet. Additionally, Coinbase introduced Base Pay, a tool for payments in USDC.
Launch and Coinbase's Goals
The app is currently in beta and is rolling out to waitlisted users. Coinbase aims to unify the user experience in one app, simplifying cryptocurrency use and extending access to its Base network.
The launch of the Base app demonstrates Coinbase's commitment to expanding its capabilities and integrating new technologies into the cryptocurrency space.
