Coinbase Supercharges Developer Tools with Full-Feature Wallets in Embedded Kit
Coinbase just dropped a game-changer for devs—its embedded wallet kit now packs full-feature functionality. Move over clunky integrations; the exchange is handing builders the keys to seamless crypto experiences.
No more half-baked solutions
The kit’s upgraded wallets now handle everything from swaps to staking, cutting the need for patchwork third-party plugins. It’s like giving developers a Swiss Army knife instead of a butter knife.
Why this matters
With regulators still tripping over their own feet trying to define 'crypto,' Coinbase is quietly building the infrastructure to bypass them entirely. Another win for 'move fast and break things'—Wall Street’s compliance teams must be sweating.
Bullish? You bet. Another step toward making crypto as frictionless as Venmo—just with fewer bailouts.
Coinbase allows app builders to avoid issues with custody
App developers face a tradeoff between offering a simple app experience, but with a FORM of third-party custody, or a feature-rich self-custodial wallet. Not all teams are capable of securing a good user experience, hence Coinbase’s decision to offer embedded wallets.
With the SDK, all app developers can build their product without thinking about asset custody. The wallet allows multiple sign-in paths, including email, SMS or other authentication, with instant access to all features. The wallet requires a secure login, but no extensions or seed phrase storage.
Coinbase noted that embedded wallets are currently available, but not all packages are developer-friendly. Users still demanded an “everything wallet,” combining multiple elements of the DeFi experience, including on-ramps for purchases, swaps, and access to yield with no additional setup for developers or end users.
New wallet offers access to all Coinbase features
The new embedded wallets offer all the elements used in Coinbase’s own products. Native rewards bring 4.1% annualized on any USDC balance inside the wallet, with no extra steps for staking. Developers can choose to pass the earnings to end users or retain them to finance the project.
The wallet will also offer MagicSpend, Swap, and data APIs. This allows developers to build a full-feature Web3 app without the need to stitch together multiple services. The wallet also keeps its encrypted private key secure while offering recovery backed by Coinbase, as well as support to export the keys and keep them in custody.
The wallet package also includes smart wallet support with sponsored gas and spending permissions. Developers can access all those features without backend setup, while retaining full control of their app interface. The wallet launch is part of the drive to boost mini-app creation on Base, simplifying the path for all teams.
The wallets are thus suitable for social apps, on-chain gaming, DeFi frontends and other types of experiences. Use cases also include fintech and payments, tapping the existing Coinbase infrastructure. The wallet ensures end users do not think about the storage, but use any app seamlessly. The new kit is also expected to boost development on Base, its native L2 chain.
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