Coinbase expands offerings with web3 wallet for institutional clients
Coinbase has introduced a web3 wallet through its Coinbase Prime division, aiming to provide institutional clients with secure access to crypto, NFTs, and defi applications. Coinbase, the biggest US-based crypto exchange, diversified its offerings on Tuesday with a web3 wallet designed for institutional clients. Introduced through its Coinbase Prime division, the wallet plans to provide an entry point for professional organizations into non-fungible tokens (NFTs) and the broader landscape of decentralized finance (defi). Web3 made simple for institutions Introducing Coinbase Prime Web3 Wallet pic.twitter.com/qoSkJbc5EX — Coinbase Institutional ️ (@CoinbaseInsto) September 12, 2023 The wallet allows institutional clients to access and manage a variety of digital assets, including cryptocurrencies, NFTs, and decentralized applications (dapps). While retail consumers have been active in these decentralized ecosystems for some time, institutions are only now starting to engage...