Coinbase Wallet returns: Multichain trading focus

Coinbase rebrands Base App to Coinbase Wallet, shifting from social features to multichain, self-custodial trading. The wallet now supports more assets and networks, focusing on permissionless onchain finance.

Coinbase has rebranded its Base App back to the Coinbase Wallet name after just over a year, signaling a strategic shift away from social networking features. This move marks a renewed focus on self-custodial, multichain trading, with support for assets and networks such as Bitcoin, Ethereum, Solana, Base, and more. Coinbase Wallet is now positioned as an "everything exchange," enabling permissionless trading of tokenized stocks, perpetual futures, prediction markets, and memecoins. The company emphasized that the rebrand does not impact users' existing balances, and onboarding remains fast and straightforward. This decision reflects Coinbase's response to limited traction for its social network experiment and a broader pivot toward onchain finance and decentralized market access. While speculation about a potential Base token launch persists, confidence in a near-term release has diminished.