Coinbase May Introduce Self-Custody to Main App Amid DeFi Adoption

Coinbase's CEO Brian Armstrong revealed that the company may introduce self-custody to its main app, following criticism over its Base App.

According to a recent statement from Armstrong, Coinbase could add a self-custody wallet similar to its Base app on its Coinbase app. This move would allow users to choose between managed custody and self-custody within the same app experience.

Armstrong stated that introducing self-custody to the main app would require a 'major architectural lift' due to deep technical dependencies. However, he noted that if it works in the Base App, Coinbase may invest in the main app as well.