Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto.

The launch of Coinbase's smart wallet represents a significant advancement in user experience and accessibility within the cryptocurrency space. By eliminating the complexities associated with onboarding onto a blockchain, such as downloading new apps and managing recovery phrases, Coinbase aims to streamline the process and make it more user-friendly.

The integration of major authentication methods like Face ID, fingerprint ID, and Yubikey for onboarding adds an extra layer of convenience and security for users. This approach aligns with the growing trend of simplifying cryptocurrency adoption to attract a wider audience.

The smart wallet's self-custody feature ensures that users have full control over their assets, aligning with the principles of decentralization and financial sovereignty that are central to the cryptocurrency ethos.

The support for multiple networks, including Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB Chain, and Zora, enhances the wallet's versatility and interoperability. This multi-chain support reflects the increasing diversity of blockchain ecosystems and enables users to access a wide range of decentralized applications (DApps) and assets.

The decision to waive gas fees for transactions through sponsorship by developers further enhances the user experience and reduces barriers to entry for new users. This incentive mechanism could encourage greater adoption of decentralized applications and contribute to the growth of the ecosystem.

Overall, Coinbase's smart wallet represents a significant step forward in simplifying cryptocurrency usage and expanding access to blockchain technology. As the technology matures and adoption increases, smart wallets could become an integral part of mainstream finance, offering users greater control, convenience, and security over their digital assets.