American crypto exchange Coinbase is best known for being a centralized powerhouse—but that narrative started to change in 2023 with the launch of Base, the company’s Ethereum layer-2 network. “In our first few months of being live, we’re seeing that Base is already much broader than Coinbase,” Base creator Jesse Pollak told Decrypt. Base creator Pollak says his ultimate goal for Base is to onboard one billion users. “It's really all about increasing the number of things people can do, so people have more opportunities to use Coinbase,” Pollak told Decrypt in July. Other crypto exchanges have apparently taken note: Last month, Coinbase rivals Kraken and OKX both revealed plans for their own layer-2 networks.

Source: The Nation December 26, 2023 14:34 UTC