Coinbase has announced the launch of its new CDP embedded wallet service, which provides developers with the ability to offer users a full range of web3 functionality. These wallets facilitate integration and broaden access to DEX services and web3 assets.
Introduction of Embedded Wallets
Coinbase has introduced CDP embedded wallets that allow developers to offer a seamless wallet experience to users. These wallets provide full access to all of Coinbase's infrastructure capabilities.
Benefits for Developers
The embedded wallets are designed using a lightweight SDK that requires minimal code. This simplifies the integration process for developers, as they can build their product without worrying about asset custody. The wallet supports multiple sign-in paths, including email and SMS.
Functionality and Use Cases of the New Wallet
The new wallets provide access to all elements found in Coinbase's products, including passive income of 4.1% on any USDC balance within the wallet. Developers can alternatively pass these earnings to users or retain them to finance their projects. The wallet also supports MagicSpend and swap APIs, streamlining the creation of full-featured web3 applications.
The launch of CDP embedded wallets by Coinbase is expected to enhance development on the Base platform, allowing developers to focus on user experience and simplify the integration of DeFi solutions.
