Coinbase debuts seedless wallets to simplify crypto app onboarding
Coinbase is launching CDP Embedded Wallets, which use email login instead of seed phrases.
Summary
- Coinbase launched seedless CDP Embedded Wallets.
- Users will be able to log in with just an email.
- Developers can embed these on their websites.
Crypto apps may get much simpler to use after the latest launch by Coinbase. On Tuesday, August 5, the largest crypto exchange in the U.S. launched CDP Embedded Wallets to make the crypto wallet experience easier.
CDP Embedded Wallets are a developer toolkit that lets crypto apps and websites create wallets for their users easily. These wallets support email, phone login, or Google or Apple ID login, eliminating the need to manage seed phrases or private keys.
The wallets have direct access to the Coinbase exchange. For instance, websites can offer token swaps, offramps, onramps, and rewards through the Coinbase exchange.
For users, the wallet offers an easier setup while still retaining self-custody. According to Coinbase, private keys are stored in isolated environments, where even Coinbase staff cannot access them.
What Coinbase’s embedded wallets change for apps
Coinbase launched its embedded wallets as a direct response to regulatory changes in the U.S. After the passage of the GENIUS and CLARITY Act, more companies are ready to experiment with integrating crypto into their services.
Still, crypto integrations remain relatively complex for both users and developers. For example, non-crypto-native platforms or websites looking to offer crypto payments typically rely on users who already know how to set up wallets.
With Coinbase’s toolkit, platforms can offer easier crypto onramps and payment options without having to hire their own blockchain developers. For this reason, Coinbase’s toolkit could help boost crypto adoption in areas where it hasn’t yet taken off.