Leading cryptocurrency trading platform Coinbase has revealed plans to create a crypto app store presenting third-party developed products.
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On June 30, the company published a blog post, where Coinbase CEO Brian Armstrong shared the plans also talking about the path crypto and DeFi have been crossing.Referring to the use cases, Armstrong mentioned that presently there is a broad range of crypto-related apps and products. The Crypto economy, including NFTs and new dApps, is progressing rapidly, and the process will continue, the Coinbase CEO finds.
Along with centralized products, which will keep playing a significant role, the company has the opportunity to offer customers access to decentralized products. The goals are to bring more assets to the platform faster, to widen the scope of countries where services are available by default, and build the crypto app store.
Armstrong says the company plans to do the same in crypto as Apple did in the app-building. That is empowering developers and giving mobile users an easy way to access new innovative apps.
Coinbase was founded in 2012 in San Francisco. In April 2021, it went live on NASDAQ. Recently, the company announced having secured the first crypto license in Germany and expanding product offerings for German customers.