For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier.
On Monday afternoon, the company announced that Coinbase Wallet users would now have a fiat on-ramp within the wallet itself.
Previously, users holding their crypto in the non-custodial wallet would have to buy crypto on the Coinbase app (or elsewhere) and then send funds to Coinbase Wallet. This meant users trying to use, say, a DeFi dapp would have to install two separate apps to get started, the company said in an emailed statement.
Now users can buy within Coinbase Wallet without touching the Coinbase.com exchange.
For decentralized app creators, the development means they “can build dapps with just one easy app install for their users,” Coinbase wrote in a blog post.