{"id":84388,"date":"2023-09-12T18:12:25","date_gmt":"2023-09-12T15:12:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84388"},"modified":"2025-09-12T17:03:40","modified_gmt":"2025-09-12T14:03:40","slug":"coinbase-prime-launches-web3-wallet-for-institutions-and-corporations","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-prime-launches-web3-wallet-for-institutions-and-corporations\/","title":{"rendered":"Coinbase Prime launches Web3 wallet for institutions and corporations"},"content":{"rendered":"<p>The cryptocurrency exchange Coinbase<a href=\\\"https:\/\/www.coinbase.com\/blog\/coinbase-prime-launches-web3-wallet\\\"> launched<\/a> an institutional- and corporate-client<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\"> Web3<\/a>-wallet.<\/p>\n<p>Through Coinbase Prime Web3 Wallet, users will gain access to cryptocurrencies not available in Prime Custody, DEX, NFT, DeFi and other decentralized applications on six blockchains with varying permission levels. The solution simplifies direct interaction with Web3 features, eliminating the need to load <span data-descr=\\\"decentralized applications\\\" class=\\\"old_tooltip\\\">dapps<\/span>.<\/p>\n<p>Beyond token storage, clients will have access to buying, selling, issuing and managing NFT collections, as well as social accounts. In addition, voting within <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">DAO<\/a> will be possible.<\/p>\n<p>The solution integrates risk-reduction features, including approval alerts, threat warnings, transaction previews, and a dapps blocklist designed to protect users from malicious activity.<\/p>\n<p>Coinbase Prime Web3 Wallet employs multi-party computation (MPC) technology, giving users full control over assets and removing a single point of failure.<\/p>\n<p>In the event of loss of the mobile device on which the solution is installed, developers have provided a recovery option. Another user from a trusted list can use shared cloning tools to prepare a new device, granting access to the wallet and assets.<\/p>\n<p>In the future, Coinbase also plans to introduce encrypted backup functionality, offering greater control over assets and private keys. This method will require authorization from a certain number of users. This approach is best suited for organizations that use the wallet.<\/p>\n<p>In September, Coinbase Ventures <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-priorities-paypal-for-kraken-customers-in-the-eu-and-other-crypto-industry-developments\">made<\/a> the first investments from the Base Ecosystem Fund in six projects of the supported <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a>-network.<\/p>\n<p>A month earlier, Base developers <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-outlines-plan-to-decentralize-base-its-layer-2-platform\">unveiled<\/a> a plan to transition to a decentralized model<\/a>, envisaging several tech upgrades and the removal of a single point of failure.<\/p>\n<p>In September Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-launches-institutional-focused-crypto-lending-service\">launched<\/a> an institutional-investor-oriented crypto lending service.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Coinbase launched an institutional- and corporate-client\u2013oriented Web3 wallet.<\/p>\n","protected":false},"author":1,"featured_media":84389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1156,57,1110],"class_list":["post-84388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-institutional-investors-and-whales","tag-wallets","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=84388"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84388\/revisions"}],"predecessor-version":[{"id":84390,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84388\/revisions\/84390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/84389"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=84388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=84388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=84388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}