Coinbase has introduced tools to its Coinbase Developer Platform (CDP).
The Embedded Wallet Software Developer Kit (SDK) includes built-in features such as crypto on-ramp, token swap and a 4.1% annual return on USDC balances, aiming to eliminate the trade-off between user experience and custody risk.
Unlike traditional wallet integrations that require browser extensions and seed phrases, CDP built-in wallets allow onboarding via email, SMS or OAuth, the team said in a press release.
Users can start trading immediately, but developers continue to have full control over the front-end experience without being exposed to custody or managing complex compliance requirements.
Coinbase said the SDK will become “all wallets” for Web3 Builders and provide a great user experience with enterprise-grade infrastructure. It runs on the same system that powers Coinbase Dex and provides future support for key secured management, recovery services, and smart contract accounts.
With use cases spanning distributed finance (DEFI), gaming, fintech and creator platforms, embedded wallet SDKs reflect an increasing demand for cryptocurrencies to become more accessible.
“Users don’t want to think about wallets. They just want a great app,” the company said.
Read more: Coinbase wallet becomes the “base app” of major brands
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