Wallets/coinbase-wallet

Coinbase Wallet (Smart Wallet)

0 standards supported

Overview

Coinbase Wallet (now also branded Smart Wallet) is the self-custody / Web3 wallet product of Coinbase Global, Inc. (NASDAQ: COIN) — distinct from Coinbase Exchange (custodial trading platform) [1, 2]. Coinbase Wallet is non-custodial: users hold their own private keys + interact directly with blockchains, DeFi, NFTs, dApps. As of mid-2025, Coinbase Wallet has 3.2 million monthly active users + holds 9.55% US retail self-custody wallet download share (4th place behind Trust Wallet, MetaMask, Phantom).

Major 2024-2025 product evolution: Coinbase Smart Wallet launched as easier self-custody onboarding — users create a free, secure, self-custody wallet in seconds; simplifies onboarding + reduces number of transactions to be signed + seamlessly uses Coinbase balances onchain. Smart Wallet leverages account abstraction (ERC-4337) patterns.

Self-custody adoption context (2025):

59% of crypto wallet users globally prefer non-custodial (self-custody) wallets vs custodial solutions.
Global active crypto wallets: 820+ million in 2025.
Self-custody wallets driving majority of new growth (+47% YoY).

History

August 2017 — Coinbase Wallet launches (originally Toshi) [2]: Coinbase's self-custody Web3 wallet.

2018-2020 — Multi-chain expansion + DeFi + NFT support [2]: Ethereum + Bitcoin + Solana + many EVM-compatible chains.

2021 — Coinbase Wallet browser extension launches [2]: Chrome-extension Web3 wallet.

June 2024 — Coinbase Smart Wallet launches [3]: Account-abstraction-based easier-onboarding self-custody wallet.

Mid-2025 — 3.2M MAU + 9.55% US self-custody wallet download market share [1].

Ownership & operator

Operating entity: Coinbase Global, Inc. (NASDAQ: COIN) — Coinbase Wallet division.

Parent company major info: Coinbase Global, Inc. — listed NASDAQ April 2021 via direct listing; first major crypto exchange to publicly list in US.

Founders: Brian Armstrong (CEO) + Fred Ehrsam (2012).

Major shareholders: Brian Armstrong (founder), broad institutional + retail public float.

Regulator distinction:

Coinbase Exchange (custodial, separate product): state-level money transmitter licenses + NYDFS BitLicense + FinCEN MSB + SEC oversight.
Coinbase Wallet (non-custodial): no custody-license required because users hold their own private keys; subject to broader securities + AML laws on a different basis.

Technical integration

Coinbase Wallet is non-custodial Web3 wallet supporting multi-chain blockchain interactions [1, 2]:

Layer	Description
Channels	Coinbase Wallet mobile app (iOS + Android) + browser extension (Chrome + others) + Coinbase Smart Wallet (account-abstraction-based)
Identifiers	Blockchain addresses + ENS names (Ethereum Name Service)
Supported chains	Bitcoin + Ethereum + Solana + Base (Coinbase L2) + EVM-compatible chains + thousands of tokens
DApp browser	Web3 dApp interaction (DeFi, NFTs, gaming)
Self-custody	Users hold private keys; Coinbase doesn't control funds
Smart Wallet	Account-abstraction (ERC-4337) — free, secure self-custody in seconds; reduces transaction signing
Distinct from Coinbase Exchange	Coinbase Exchange (separate product) is custodial; Coinbase Wallet is non-custodial

Users & growth

Mid-2025 [1]:

Monthly active users: 3.2 million
US self-custody wallet download market share: 9.55% (4th after Trust Wallet, MetaMask, Phantom)

Global self-custody context (2025) [4]:

Global active crypto wallets: 820+ million
Self-custody preference: 59% of crypto wallet users globally prefer non-custodial
Self-custody growth: +47% YoY (majority of new wallet growth)

Use cases

Self-custody crypto storage [2]: Cardinal use — user holds own private keys.

DeFi interactions (Uniswap, Aave, Compound, dYdX, etc.) [2]: dApp browser integration.

NFT storage + trading (OpenSea, Blur, etc.) [2]: Multi-marketplace NFT support.

Web3 gaming (Axie Infinity, Gods Unchained, etc.) [2]: dApp browser.

Smart Wallet (account abstraction) [3]: Easier self-custody onboarding; reduces transaction signing.

Cross-chain swapping [2]: Multiple chains supported.

ENS name resolution [2]: Human-readable Ethereum addresses.

Implementations & partners

Operator: Coinbase Global, Inc. (NASDAQ: COIN) — Coinbase Wallet division.

Sister product: Coinbase Exchange (custodial trading platform; distinct from Coinbase Wallet).

Coinbase L2 blockchain: Base (Ethereum L2 launched by Coinbase).

Major self-custody competitors:

MetaMask (ConsenSys; largest browser-extension Web3 wallet).
Trust Wallet (Binance subsidiary; largest mobile self-custody wallet).
Phantom (Solana-native + multi-chain self-custody; growing rapidly).
Rainbow (Ethereum-focused mobile self-custody).
Ledger + Trezor (hardware-wallet competitors).
Magic Eden + others for NFT-focused.

Fun facts

August 2017 launch as Toshi — original name before Coinbase Wallet rebrand.
Distinct from Coinbase Exchange — Coinbase Exchange is custodial trading; Coinbase Wallet is non-custodial self-custody.
3.2M MAU + 9.55% US self-custody wallet download market share (mid-2025) — 4th-place behind Trust Wallet, MetaMask, Phantom.
June 2024 Coinbase Smart Wallet launch with account-abstraction (ERC-4337) — easier self-custody onboarding.
Coinbase Base L2 integration — Coinbase's Ethereum Layer 2 native support.
820M+ global active crypto wallets (2025) + 59% prefer non-custodial + +47% YoY self-custody growth — broader market context.
Coinbase listed NASDAQ April 2021 via direct listing — first major crypto exchange to publicly list in US.
Brian Armstrong + Fred Ehrsam founders (2012).
Cross-chain support: Bitcoin + Ethereum + Solana + Base + EVM-compatible + thousands of tokens.

Comparison

Feature	Coinbase Wallet	MetaMask (ConsenSys)	Trust Wallet (Binance)	Phantom (Solana-native)	Coinbase Exchange (distinct)
Operator	Coinbase Global (NASDAQ: COIN)	ConsenSys	Binance	Phantom Inc.	Coinbase Global (NASDAQ: COIN)
Type	Self-custody Web3 wallet	Browser-extension self-custody	Mobile self-custody	Solana-native + multi-chain self-custody	Custodial exchange + trading platform
MAU	3.2M (mid-2025)	30M+	70M+ users	7M+	n/a
US self-custody download share	9.55% (4th)	Major	Major (#1)	Major (#3)	n/a
Distinctive	Smart Wallet (account abstraction); Base L2 integration	Most-used browser extension Web3	Binance subsidiary; large mobile	Solana-native heritage; multi-chain expansion	Custodial trading; not Wallet's competitor — different category
Custody	Non-custodial (user holds keys)	Non-custodial	Non-custodial	Non-custodial	Custodial (Coinbase holds keys)

Status

Active, growing Coinbase Wallet + Smart Wallet [1, 3]:

Coinbase Global, Inc. (NASDAQ: COIN) — Coinbase Wallet division (distinct from custodial Coinbase Exchange).
3.2M MAU + 9.55% US self-custody wallet download share (mid-2025).
Smart Wallet (June 2024+) account-abstraction-based easier onboarding.
Coinbase Base L2 native integration.
Multi-chain + DeFi + NFT + Web3 dApp browser.

Sources

Source

Biography extracted from coinbase-wallet.md. See matrix.md for standards-support matrix if present.