#SpotVSFuturesStrategy Coinbase Wallet is now Base app, a crypto ‘everything app'

Coinbase is transforming its wallet into Base App, a crypto-native app combining social media, trading, payments, and mini-apps.

US cryptocurrency exchange Coinbase is coming out with its own “super app” after rebranding its Coinbase Wallet as “Base app.”

Coinbase unveiled its new “everything app” on Wednesday with a video showing how it will combine a crypto wallet and trading and payment functions with social media and messaging.

The new Base app was announced at the company’s “A New Day One” conference in Los Angeles. It will also support “mini apps” running on the company’s Ethereum layer-2 blockchain, Base.

“Coinbase Wallet is now the Base app, evolving from a wallet into an everything app that brings together social, apps, chat, payments, and trading,” the firm said in a blog post.

Head of product for the Base app, John Granata, said that the firm has built the app to “expand economic freedom, creativity, and innovation,” adding that Coinbase Wallet could be a starting point for a new kind of social network.

He added that the app was still in beta with a waitlist and has been designed around four core experiences: a social network, a place to discover and use apps, an encrypted chat, and a trading and payments wallet.