Overview
- Coinbase restored the Coinbase Wallet name on Sept. 10, reversing the year‑long Base App experiment that tried to blend trading, payments and social features.
- The company says the wallet will act as a 'test kitchen' to roll out onchain trading features such as Hyperliquid perpetuals and tokenized stocks that its centralized exchange may not carry.
- The rebranded wallet expanded multichain support to networks including Base, Bitcoin, Ethereum, Solana, BNB Chain, Optimism, Arbitrum, Polygon, Avalanche, Monad and Robinhood Chain while keeping self‑custody and automatic scam token filtering.
- Key trading features are geofenced: Hyperliquid perpetuals and some tokenized products are blocked for users in the United States, United Kingdom and Canada, and U.S. customers can use Coinbase Financial Markets for regulated futures.
- Market signals show modest skepticism about a near‑term Base token, with prediction markets pricing roughly 8.5% odds of a launch by the end of 2026, and company leaders have publicly said the social push underperformed, prompting the shift.