US-based crypto exchange Coinbase has reportedly rolled out updated features for its self-custody wallet, including facilitating functionality for nonfungible tokens (NFTs), in a bid to increase adoption for its browser extension. 

Specifically, the firm reportedly disclosed on December 14th that Coinbase Wallet will be offering facilitating features for NFTs soon, equipping users with the freedom to see their collections and access leading NFT marketplaces, in the same manner as OpenSea. 

Coinbase has reportedly not provided a particular timeline of the introduction, but revealed that users will be required to install the most recent version of the browser extension to tap into the features. 

Looking ahead into 2022, Coinbase reportedly revealed details of its plan to widen the scope of its support for NFTs, together with amplifying the accessibility and affordability of its native decentralized exchange trading feature. 

Coinbase Wallet reportedly possesses a DEX integration feature which makes it possible for users to carry out the conversion of their holdings via a variety of decentralized exchanges. 

Coinbase has reportedly disclosed a new standalone browser extension recently for its wallet, which enables users to tap into a wide range of crypto assets on the leading DEXs.

While the craze for NFT has reportedly slowed down in the past months, the development of digital collectibles is reportedly among the top defining trends of 2021.

In terms of total volume, Coinbase reportedly now secures the second spot in the list of most major cryptocurrency exchanges across the globe, per CoinMarketCap. 

Binance – the heavyweight currently standing at number one – already rolled out facilitating functionality for an NFT marketplace and in October announced support for multi-chain NFT deposits and withdrawals.