Coinbase, the largest cryptocurrency exchange in the United States, announced intentions this week to build a crypto-asset app store with items manufactured or supplied by third parties.
The exchange’s CEO, Brian Armstrong, has announced that the cryptocurrency business plans to create a crypto app store. Third-party developers would be able to host, design, and sell their goods through the store.
Coinbase wants to broaden its offerings
In a recent blog post, Armstrong stated that the growth of decentralized financing (DeFi), smart contracts, non-fungible tokens (NFT), decentralized autonomous organizations (DAO), and other technologies have led to the expansion of this cryptocurrency exchange’s services. To make the decentralized market more accessible to more individuals.
The exchange platform will launch the cryptocurrency app store to make it easier for users to access innovations. For example, the apple does not attempt or desire to build all iPhone apps. Instead, it preferred to empower developers and make it simple for mobile device consumers to get new and creative apps. Armstrong believes that he and his colleagues intend to do the same with cryptocurrency.
On the other hand, Armstrong has stated that he wants the business to become a worldwide crypto exchange. The United States, the United Kingdom, and the European Union have gotten the most interest from bitcoin exchanges. However, this exchange wishes to expand outside those locations and get access to other places.
According to Armstrong, they are a worldwide corporation with goods available in fewer than 100 countries. He further stated that this firm should cease delivering items exclusively to the United States, the European Union, and the United Kingdom and ship things that function internationally.
The well-known cryptocurrency exchange may extend its products, and it may release more details about its ambitions in the coming months. Furthermore, the exchange firm will expand its services and bring them to other nations worldwide with this new endeavor. Brian Armstrong further reiterates that you can assist more individuals by using this bitcoin app store to gain access to the decentralized market more quickly.