Coinbase’s move on-chain will carve a path toward a future on-chain financial system, claimed Bankless podcast co-host David Hoffman.
Coinbase will start moving more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base — its Ethereum layer-2 blockchain launched a little over seven months ago.
Coinbase vice president Max Branzburg posted to X on March 26 claiming the move would allow the crypto exchange to “manage and secure customer funds with lower fees and faster settlement times.”
The change only impacts Coinbase.com accounts — not Coinbase Wallet, as those users are responsible for their own private keys.
