Coinbase is introducing new onchain benefits for its Coinbase One members, enhancing incentives across its Base Layer-2 network and partner dApps as confirmed by official Coinbase communications.
These new benefits aim to increase Base L2 usage and DeFi adoption, thereby fostering greater engagement and adoption within the cryptocurrency ecosystem.
Coinbase Elevates Membership with Onchain Perks
Coinbase is introducing a new wave of onchain benefits for its Coinbase One membership. The enhancements aim to bolster low-cost transactions and cross-chain activities. Coinbase announces major updates and features.
The initiative involves Coinbase, Inc., the Base Layer-2 network, and partner dApps such as Definitive and OpenCover. This shift offers exclusive incentives, benefiting members and expanding crypto adoption.
“Our vision for Coinbase One is to create the ultimate crypto membership – one that not only has benefits in the Coinbase app, but extends to the broader ecosystem. … Starting today and rolling out fully over the next few days, Coinbase One members unlock exclusive onchain deals when they connect any wallet to their membership.” – Coinbase Blog
Potential Rise in DeFi Participation and Trading Volume
No direct market reactions from key opinion leaders have been publicly shared. However, the initiative’s potential to increase trading volume and DeFi participation is evident, fostering broader adoption. Coinbase latest news and updates for users.
Anticipated financial outcomes include increased activity with Base ecosystem tokens like ETH. Historicals suggest these benefits might replicate success seen with similar loyalty schemes, boosting engagement across platforms.
Comparing Coinbase’s Model to Industry Loyalty Schemes
This reminds experts of prior subscription models like Binance’s, offering trading discounts. Coinbase’s approach with real financial rewards marks a shift towards comprehensive member benefits.
Experts predict enhanced liquidity and higher user activity within the Base L2 ecosystem. This move aligns with the broader trend of onchain innovation aimed at mainstream crypto adoption and economic freedom.
“The mission of Coinbase is to enable economic freedom in the world. And we believe that crypto is a unique enabling technology to accomplish this mission.” – Brian Armstrong, CEO, Coinbase
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