Coinbase Launches Wallet for Base, Eyes 100 Million Users

Coinbase is set to launch a smart contract wallet, enabling users to directly purchase Base coins from their Coinbase accounts. This move is anticipated to significantly increase activity and buying power on Base, despite the absence of a native token for the chain; Ethereum (ETH) is currently the primary asset. Market speculation suggests that if Coinbase were to introduce a token for Base, it could be valued at over $10 billion, considering Coinbase's current market cap of approximately $65 billion. The integration of Base into Coinbase is seen as a potentially lucrative development, with predictions of a substantial impact on Coinbase's stock value ($COIN). Industry observers are highlighting this as a prime investment opportunity, especially with Coinbase's vast customer base of 100 million users.