Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop.
The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday. Coinbase Wallet lead Sid Coelho-Prabhu said that more than 1 million Coinbase Wallet customers regularly connect to applications like Uniswap and Compound. The new Chrome extension will streamline this process, removing the need to scan a QR code on their mobile devices each time they want to connect.
Coelho-Prabhu explained:
“Starting today, we’re making it much simpler to access and use these dapps on desktop with the Coinbase Wallet extension. The new extension allows for instant access to dapps on desktop — after linking your Wallet account to the extension once, you are free to browse all dapps with one click.”
The new extension also supports users trading on decentralized exchanges and collecting nonfungible tokens, or NFTs. Decentralized applications like Rarible, OpenSea, SushiSwap, Matcha, Synthetic and Aave, among many others, are also supported.
Coinbase is one of the world’s largest cryptocurrency exchanges, with its Coinbase Pro platform processing nearly $10.6 billion in transactions in the last 24 hours, according to CoinGecko data. Only Binance handles more volume.
Coinbase also became the first major cryptocurrency exchange to file for a public offering. The company’s COIN shares hit the Nasdaq in mid-April. Like many other newly listed stocks, COIN has experienced extreme volatility in its short trading history, having only recently fallen below the $250 pre-listing reference price.