Coinbase Introduces Platform Allowing Users To Buy NFTs And Access DeFi

Coinbase is making headlines once again following the latest reports. Check out the new achievement that the crypto exchange recently made below.

Coinbase has just revealed a new way for users to participate in the realms of decentralized finance (DeFi) and non-fungible tokens (NFTs) with just a few clicks.

In a new blog post, the crypto exchange says that it is launching Coinbase Pay. Just to refresh your memory, this is a new platform to make it “easy and intuitive” for users to buy NFTs and access DeFi applications.

With the help of Coinbase Pay, users can now fund the Coinbase Wallet from the Chrome browser extension.

More than that, it’s important to note that users can do this without having to copy and paste addresses or manually transfer crypto assets from their Coinbase account.

According to the crypto exchange, Coinbase Pay is a faster, easier, and more secure method of funding the self-custody wallet.

“All you need to do is select ‘Add crypto with Coinbase Pay’ when you want to add crypto to your Coinbase Wallet extension.”

The notes continued and revealed the following:

“Next, you simply select the currency you want to add to your wallet, specify the amount, confirm the transaction – and that’s it.”

According to the blog post, users who are using the very first-time Coinbase Wallet will have to connect their self-custody wallet to their Coinbase account before they can access Coinbase Pay.

Check out the official blog post in order to learn more details about all this.

A few days ago, we were also revealing that Coinbase added three coins to the retail trading platform. The new small-cap altcoins are called by the platform “experimental.”

It’s been reported that they may have higher volatility and lower trading volume when compared to other assets in Coinbase’s lineup.