Cryptocurrency exchange platform Coinbase Global Inc. has set its sights on launching an app store for decentralized apps in the market, the company announced in a blog post.

  • Coinbase Chief Executive Officer Brian Armstrong said the company will work to provide users of its platform access to all of the decentralized apps from its main Coinbase product.
  • Armstrong cited the billions of dollars in economic activity running on the applications, noting that the crypto space could do the same as Apple, which allowed third-party apps on its app store.
  • Armstrong believes the crypto economy will continue to grow at an incredible pace and accelerate even further, with a number of developers coming in with new tools.

Armstrong said a decentralized crypto-economy would be a major area of growth for Coinbase. It plans to bring more assets to the platform and make it more global.

COIN is down 2.02%, BTCUSD is down 4.75%, ETHUSD is down 4.57%, and XRP is down 7.93%.