Coinbase debuts ‘Smart Wallets’ to expedite crypto onboarding

“At Coinbase (COIN), we have always envisioned a world where everyone can seamlessly participate onchain. Today, we’re launching the next evolution of self-custodial wallets. Smart wallets are a revolutionary step forward in our mission to bring more than 1 billion users onchain. These next-generation wallets address the biggest pain points of the crypto experience today-complex onboarding, network fees, and recovery phrases-making the transition to onchain smoother than ever. Smart wallets offer a streamlined, gasless onchain experience. This simplicity, combined with multi-chain support and integration with major applications, will make onboarding to the blockchain as effortless as signing into your favorite website. Until now, going onchain has been slow, expensive, and hard, with separate wallet app installs and first-generation blockchains. Smart wallets, with their ease of use, paired with next-generation Layer 2 networks like Base, finally set the stage to bring many more people onchain. Now, getting onchain is easy, fast, and cheap. Other publicly traded companies in the cyrptospace include Bit Digital (BTBT), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), , Block (SQ),Mawson Infrastructure (MIGI) Iris Energy (IREN).