Coinbase Ponders Self-Custody Rollout for Main App Amid Shareholder Criticism

Coinbase may introduce self-custody features to its main consumer app, expanding user access to on-chain functionality beyond its existing Base App. CEO Brian Armstrong made this announcement in response to shareholder criticism over the direction of the Base App.

The rollout would require a 'major architectural lift' due to deep technical dependencies, Armstrong noted. He also stated that Coinbase chose to introduce self-custody through the Base App first to move faster on a new foundation.

'If it works in Base App, we may invest in the main Coinbase app as well,' Armstrong said. 'Self-custody has many benefits.'