Coinbase weighs integration with DeFi platforms

Coinbase is examining the possibility of integrating with external DeFi applications. This was stated by the company’s chief financial officer, Alesia Haas, at a City fintech event, CNBC reports.

“We plan ultimately to service external applications within our core product,” Haas said.

According to her, Coinbase could become something of a bridge to the world of decentralised finance. As a result, the ecosystem would be populated by “billions of users”.

“We believe that Coinbase and DeFi can grow and coexist successfully,” Haas emphasised.

During her remarks, she also touched on the topic of Bitcoin ETF. According to Haas, such instruments could have a positive impact on the spot market. Coinbase, in turn, could help broaden the adoption of cryptocurrency ETFs, acting as custodian in this segment.

Earlier in October, Coinbase announced the launch of an NFT marketplace.

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