The Zhitong Finance App learned that Coinbase (COIN.US) is rebranding one of its main apps to focus social, chat, payment and transaction functions on one platform. The company said in a statement on Wednesday that the app formerly known as Coinbase Wallet will be renamed Base App. Coinbase launched the Base blockchain almost two years ago. Today, the blockchain continues to grow in importance, has generated millions of dollars in revenue, and is a core component of the company's payments strategy. Last year, Jesse Pollack, who led the development of the Base blockchain, joined the Coinbase executive team and was appointed as the head of Coinbase Wallet.

The Zhitong Finance App learned that Coinbase (COIN.US) is rebranding one of its main apps to focus social, chat, payment and transaction functions on one platform. The company said in a statement on Wednesday that the app formerly known as Coinbase Wallet will be renamed Base App. Coinbase launched the Base blockchain almost two years ago. Today, the blockchain continues to grow in importance, has generated millions of dollars in revenue, and is a core component of the company's payments strategy. Last year, Jesse Pollack, who led the development of the Base blockchain, joined the Coinbase executive team and was appointed as the head of Coinbase Wallet.