Coinbase Launches its Redesigned Non-custodial Wallet on Mobile

On Wednesday, Coinbase updated its non-custodial wallet for mobile devices. An announcement states that the new features will include support for the Solana blockchain, a dark mode, and a new tab to browse and investigate decentralized finance (DeFi) initiatives. (Solana was added to the desktop browser version last year.) Price charts and an exclusive NFT indexing technology are adding new features. The power of web3 in your pocket. Meet the brand-new @CoinbaseWallet mobile app. Hundreds of thousands of tokens. Beautiful new design. Multichain dapp browser. And so much more. https://t.co/YP8LBvkehi pic.twitter.com/T1hHxp3KJ3 — Coinbase (@coinbase) June 22, 2022 Scalable Blockchains However, there are no plans to include the cost of gas fees with this redesign, unlike Robinhood’s planned self-custodial wallet. Instead, with support already in place for Ethereum layer two solutions like Optimism and Polygon, Coinbase has added what it sees as scalable blockchains, such as the recent inclusion of Solana. The news was released a week after the corporation revealed a layoff plan. The public cryptocurrency exchange reduced its personnel by 18%, citing market instability. In response to the news, its shares swung lower by 5%. Polygon and Ethereum Will Introduce Other Networks The Block earlier stated that the share price of Binance’s US division fell due to the announcement that some bitcoin pairings would no longer be subject to tr...