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Finance

Coinbase to Integrate Ledger’s Hardware Wallets

The move will give the exchange’s users another way to hold their crypto.

By Eliza Gkritsi
AccessTimeIconDec 9, 2021 at 9:00 a.m. UTC
Updated May 11, 2023 at 7:09 p.m. UTC
Ledger Nano S hard wallet. (Motokoka/Wikimedia Commons)
Ledger Nano S hard wallet. (Motokoka/Wikimedia Commons)

Crypto exchange Coinbase is planning to integrate Ledger hardware wallets, bringing users more options for self-custody of their crypto, according to a Ledger press release on Thursday.

  • The integration will be rolled out in phases in the first quarter of 2022. The partnership will start off with the Coinbase Wallet browser extension, which will connect to Ledger wallets. In the later part of the integration, the Coinbase mobile app will also connect to the hardware wallets.
  • Coinbase will “share more announcements on how we’re making Coinbase Wallet the safest and most secure way to participate in Web 3 over the coming months,” Max Branzburg, the exchange’s vice president of product, said in the statement.
  • In June, Paris-based Ledger closed a $380 million Series C round of funding that was led by digital asset fund 10T Holdings.
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    • Disclosure

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Eliza Gkritsi
    Eliza Gkritsi

    Eliza Gkritsi is a CoinDesk contributor focused on the intersection of crypto and AI.

    Follow @egreechee on Twitter