Crypto Exchange Coinbas Adds New Feature for Users to Finance Crypto Wallets from Chrome Browser Extension

Coinbase has loaded its platform with a new feature that allows users to directly fund their cryptocurrencies through an extension of the Chrome browser. This new feature is called ‘Coinbase Pay’. The US-based cryptocurrency exchange aims to increase the participation of the general public in the emerging decentralized finance (DeFi) space. The company aims to continue with the Web 3 sector it is developing, where cryptocurrencies, fungal tokens (NFTs) and metabreses will be key elements.

The Coinbase Pay feature allows users to select the cryptocurrency they want to add to their wallet, specify the amount, and click OK to process the transaction.

“Before Coinbase Pay, users who wanted to add funds from the browser extension to the Coinbase Wallet had to navigate to, log in to their account, copy and paste their wallet address, and manually transfer money from their Coinbase account. it also left the user vulnerable to user errors, ”the company said in a blog post.

Features Coinbase users avoid the need to switch between applications and engage in manual transactions.

“With the Coinbase Wallet extension, your Chrome browser can securely interact and engage with all kinds of Web 3 applications. Start your NFT collection, profit from DeFi loan protocols, and grow your portfolio with hundreds of thousands of tokens supported through decentralized exchange (DEX) exchanges.” , added the blog post.

Surojit Chatterjee, the head of crypto exchange products, also tweeted the development.

Despite its uncertainty about crypto regulations, Coinbase has emerged as one of the most popular cryptocurrency exchanges in the world. The company first launched in 2012 with the intention of authorizing Bitcoin transactions.

The company has joined 16 other crypto players in the “Crypto Market Integrity Coalition (CMIC)” group, which aims to make the global crypto market a safe place to do business.

In November, the platform began testing a subscription service without having to pay a transaction fee for each trade that allows customers to trade on it.

Cryptocurrency is a non-regulated digital currency, not a legal tender and subject to market risks. The information provided in this article is not intended to be financial advice, trade advice or any kind of advice or recommendation offered or accepted by NDTV. NDTV shall not be liable for any losses resulting from investments based on any recommendations, forecasts or other information contained in this article.

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