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Coinbase Redesigns Wallet Website for Digital Assets

Coinbase has launched a redesigned version of its website, an unveiling it said marks its transition from a wallet to a digital asset exchange.

Nov 8, 2016 at 6:29 p.m. UTC
Updated Sep 11, 2021 at 12:36 p.m. UTC

Coinbase

Coinbase is changing up its user experience.

late last month, the updated dashboard helps bridge the two main parts of Coinbase's business – a bitcoin storage tool and exchange. Coinbase launched the new user experience today, a move that takes it out of an early beta trial.

The redesign follows a busy year for Coinbase. So far, the bitcoin startup has embraced ethereum (despite criticism from some quarters of the community) and raised $10.5m in new funding from sources including the Bank of Tokyo Mitsubishi UFJ.

The company even launched trading for litecoin this summer.

In sum, those events signaled Coinbase’s shift from serving primarily as a bitcoin wallet to an exchange for digital currencies and assets – an evolution the startup actively invoked when unveiling the new dashboard.

"This launch is an early but significant step in our transformation from a wallet to a digital asset platform," the company said in a blog post.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.

Images via Coinbase, Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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