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What's new at Coinbase?

The exchange recently announced the launch of "Base," an Optimism -based new Ethereum layer-two (L2) chain. Coinbase's 100 million verified users will be able to access the crypto ecosystem via Base’s intuitive interface. The launch adds a significant development in Coinbase's business model — from a centralized crypto exchange to a web3 gateway.

What is Coinbase & how does it work?

Coinbase will be the sole operator of Base, allowing the company to collect fees and act as a potential revenue stream for Coinbase. Base already announced a range of decentralized applications it will work with, which includes major apps like Aave, Sushiswap, and NFT marketplaces like Magic Eden.

Is Coinbase going on-chain?

Coinbase, the biggest crypto centralized exchange (CEX) in North America, is going on-chain. The exchange recently announced the launch of "Base," an Optimism -based new Ethereum layer-two (L2) chain. Coinbase's 100 million verified users will be able to access the crypto ecosystem via Base’s intuitive interface.

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