Coinbase is adding another layer to its business through the blockchain space

To get a roundup of TechCrunch’s biggest and most important crypto stories delivered to your inbox every Thursday at 12 p.m. PT, subscribe here . Welcome back to Chain Reaction. This week big news rolled out in the layer-2 blockchain space as Coinbase, the second largest crypto exchange by trading volume, launched Base , an Ethereum-focused layer-2 blockchain. In the past, Coinbase has homed in on the trading and exchange side of its business, but this blockchain is switching up the script for the company as it moves into the decentralized ecosystem. In an effort to expand further into the developer space, Coinbase is building Base to make it “dead easy” for developers to build dApps and for users to access those dApps through Coinbase products, Jesse Pollak, lead for Base and head of protocols at Coinbase, told TechCrunch. “Our goal is to bring about phase 4 of Coinbase’s master plan: to bring a billion users into the crypto economy,” Pollak added. And the new blockchain is hitting the ground running as a number of crypto organizations like Chainlink, Magic Eden, Animoca Brands, The Graph, have committed to building on its platform. This news comes just two days after […]

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