Coinbase Wallet will soon support NFTs

The US crypto exchange Coinbase has upgraded its self -custody wallet. Now NFTs are also supported and that could further encourage their browser extension use.

The company announced Tuesday that Coinbase Wallet would soon support NFTs so that users can view their collections and access leading NFT marketplaces like OpenSea. Coinbase did not provide an exact date for the introduction of this upgrade, but said users must have the latest version of the browser extension installed in order to access the new features.

Coinbase is planning greater support for NFTs in 2022. Also, the exchange wants to make its decentralized exchange trading more accessible and affordable. With the DEX integration of the Coinbase Wallet, users can convert their holdings on various decentralized exchanges. As reported by Cointelegraph, Coinbase recently unveiled a new standalone browser extension for its wallet that allows users to access a wider range of cryptocurrencies on leading DEXs.

In the past few months, the NFT craze has cooled significantly, but the emergence of digital collectibles was one of the major trends of 2021. Cointelegraph Consulting estimates that NFT sales this year will be US $ 17.7 billion -Dollars . Data from NonFungible shows that weekly sales peaked at more than $ 1.6 billion in late August.

In terms of total volume, Coinbase is now the second largest cryptocurrency exchange in the world, according to CoinMarketCap. Binance, the world's largest crypto exchange, already offers an NFT marketplace and announced that it will also offer NFT deposits and withdrawals across multiple chains from October.

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