CryptoCurrency News - June 23, 2022

Major cryptocurrency exchange Coinbase will transform the user experience on its platforms and will gradually halt the Coinbase Pro service.

Separately, the company launched its redesigned Wallet mobile application which makes it easier for users to access and navigate top decentralized apps (dapps) and also enables support for Solana.

No More Coinbase Pro

The company said it wants to have all of its services under the same hat, which is why it will gradually stop allowing users to access the professional trading platform Coinbase Pro. Thus, customers will be able to stake, borrow, and use the dapp wallet and Coinbase Card from the main platform.

The exchange noted that it will add “Advanced Trade in the Coinbase mobile app along with other improvements to make Advanced Trade an upgrade from Coinbase Pro for every customer” in the following weeks.

“Advanced Trade offers more in-depth technical analysis, advanced real-time order books, and charting powered by TradingView to help customers research and analyze crypto markets before making investment decisions.” – the statement described the Advanced Trade feature.

Revamping Wallet

The crypto exchange also announced the wallet changes via an official blog post on Wednesday (June 22, 2022). According to Coinbase, the new Wallet mobile app became available on June 22, and more users will access the app in the coming weeks.

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The redesign comes with a new dapp browser, a default dark mode, and real-time price charts. Users can also explore decentralized finance (DeFi) protocols, play-to-earn (P2E) games, and further offer functionality that allows for easy movement between dapps on different networks.

Coinbase also added support for the Solana network, stating:

“With support for sending, receiving, and storing SOL and SPL tokens, you no longer need multiple wallet apps for your multichain web3 activity”.

Furthermore, the redesigned Coinbase Wallet app helps users better manage their Ethereum and Polygon NFTs. In addition, a DeFi tab on the home screen makes it easier to view balances and deposits on the Ethereum network. Meanwhile, the crypto exchange said there are plans to support more networks.

The revamped app also seeks to broaden access for billions of people across the world by including support for 25 languages.

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