Coinbase Sets Sights on Becoming a ‘Financial Super App’ – Best Wallet Offers a Non-Custodial Alternative

bitcoinistPublished on 2025-09-22Last updated on 2025-09-22

Abstract

Coinbase’s CEO, Brian Armstrong, has high hopes for the company being more than just a crypto exchange and evolving into...

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Coinbase’s CEO, Brian Armstrong, has high hopes for the company being more than just a crypto exchange and evolving into a fully-fledged ‘financial super app.’

Best Wallet also aims for the same goal, but through a secure non-custodial wallet built as an all-in-one hub for digital assets.

Coinbase Strives to ‘Replace the Legacy Banks,’ Says CEO

In a recent interview with Fox Business, Armstrong spoke about how Coinbase aims to ‘be a super app and provide financial services’ to become ‘people’s primary account.’

The CEO stressed that the company’s ultimate goal is to replace many of the functions of legacy banks, but in a faster, cheaper, and more modern way – ‘whether it’s trading, rewards, or staking.’

Additionally, he mentioned how outdated financial infrastructure creates friction for payments.

‘Today, merchants are paying these fees to swipe a credit card, with lots of data floating over the internet. That should be opposed to it – it’s one example of many things that can update the financial system, and we are pushing on that frontier.’

— Brian Armstrong, CEO, Coinbase.

He foresees Coinbase directly challenging banks while modernizing money for a crypto-native era. But Coinbase isn’t the only player chasing the super crypto app vision; Best Wallet pursues the same goal, but through a different lens.

Best Wallet’s All-in-One Crypto Hub Raises $16M+

Best Wallet is a secure, non-custodial crypto wallet available on Google Play and iOS.

Unlike Coinbase (which is custodial), however, Best Wallet gives you full control over your private keys. Doing so keeps assets safe from hacks and centralized risks.

Also on the security front, it leverages 2FA, local encryption, biometrics, and cloud backups – each of which minimizes the risk of losing access to your crypto.

Best Wallet security features.

And there’s much more to the wallet than its safeguarding measures. Best Wallet enables you to buy, sell, swap, and manage over 1K digital assets.

Whether you’re interested in stablecoins like $USDT or $USDC, top cryptos like $BTC and $ETH, or meme coins like $DOGE and $PEPE, Best Wallet has tons of assets to cater to all traders’ tastes.

When swapping assets, Best Wallet ensures you get the most competitive rates by scanning 330+ DEXs and 30 bridges.

What’s more, it has a built-in launchpad so that you can access the next crypto to explode hassle-free.

Pushing the app closer to becoming a super app is its many upcoming features: Best Card (an upcoming crypto card), an NFT gallery, analytics tools, and a rewards hub.

The roadmap for the Best Wallet app.

But for the app’s full suite of benefits, you’ll want to scoop up some $BEST. You’ll then be able to enjoy even more perks, like lower gas fees, governance rewards, and staking rewards (currently at an 83% APY).

Whales are notably already noticing the token’s benefits, three of whom have invested $70.2K, $50.9K, and $49.5K into the project. Together, they’ve helped the project raise over $16M on presale.

You, too, can contribute to the presale. This would help bring the app to greater heights; 25% of $BEST’s total token supply is set aside for product development.

Right now you can buy $BEST on presale for as little as $0.025675. If it continues to launch the new developments promised on its roadmap, $BEST has the potential to hit $0.62 in 2026. This means that buying in now might generate an ROI exceeding 2,300% next year.

For more information, check out our Best Wallet review. Then head to the official $BEST presale website to invest today.

As always, be sure to do your own research before making any investment. This article is not financial advice.

Authored by Leah Waters, Bitcoinist — https://bitcoinist.com/coinbase-and-best-wallet-super-app-ambitions

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Leah is a British journalist with a BA in Journalism, Media, and Communications and nearly a decade of content writing experience. Over the last four years, her focus has primarily been on Web3 technologies, driven by her genuine enthusiasm for decentralization and the latest technological advancements. She has contributed to leading crypto and NFT publications – Cointelegraph, Coinbound, Crypto News, NFT Plazas, Bitcolumnist, Techreport, and NFT Lately – which has elevated her to a senior role in crypto journalism. Whether crafting breaking news or in-depth reviews, she strives to engage her readers with the latest insights and information. Her articles often span the hottest cryptos, exchanges, and evolving regulations. As part of her ploy to attract crypto newbies into Web3, she explains even the most complex topics in an easily understandable and engaging way. Further underscoring her dynamic journalism background, she has written for various sectors, including software testing (TEST Magazine), travel (Travel Off Path), and music (Mixmag). When she's not deep into a crypto rabbit hole, she's probably island-hopping (with the Galapagos and Hainan being her go-to's). Or perhaps sketching chalk pencil drawings while listening to the Pixies, her all-time favorite band.

Related Reads

The Full Story of How Crypto Unicorn Blockstream Is Mired in Serious Fraud Allegations

This article details serious allegations of fraud against Bitcoin infrastructure company Blockstream, founded by Bitcoin pioneer Adam Back. In June 2024, investigative account NatInfoSec published a report accusing Blockstream's mining note (BMN) program of potentially operating a multi-billion dollar scheme with Ponzi-like characteristics. The core allegations focus on Blockstream Mining Notes (BMNs), which offer investors fixed annual yields up to approximately 20% from Bitcoin mining. NatInfoSec's investigation raises several key issues: 1. **Suspicious Hashrate & Payout Capacity**: The analysis suggests Blockstream would need 20-45 EH/s of mining power to cover its BMN obligations, but its public dashboard shows only around 15 EH/s. Furthermore, no verifiable public evidence (e.g., grid connection records, import data) was found to support the massive mining operation required. 2. **Questionable Payout Source**: The BMN contract allows Blockstream to use Bitcoin from *any source* (Substitute Performance BTC) to fulfill investor payouts, raising concerns that payouts may not come from actual mining revenue. 3. **High-Risk, Fixed Returns**: Offering ~20% fixed yields in the volatile, cyclical Bitcoin mining industry is viewed as highly unusual and requires clear explanation. 4. **Undisclosed Criminal Record of Key Figure**: Christopher William Cook, a key figure in Blockstream's mining operations and CEO of spin-off Exacore, was found to have a federal felony conviction for mail fraud in 2008, a fact not disclosed in BMN offering documents. His background was also allegedly embellished. 5. **Potential Contagion to BSTR SPAC**: Questions were raised about whether these liabilities and Cook's record should have been disclosed in the SEC filings for Bitcoin Standard Treasury Company (BSTR), a separate Adam Back-associated firm planning a SPAC merger. The crypto community is divided. BitMEX Research validated Cook's criminal record and expressed concern over the high yields but found other evidence lacking or misleading, noting the legal separation between BMN, Blockstream, and BSTR. Blockstream defenders, like Samson Mow, argue the mining is real. Critics, however, emphasize the lack of independent, verifiable proof of the mining operation's scale and the true source of investor payouts. The article concludes that BMN remains shrouded in key unanswered questions regarding its actual size, the verifiability of its underlying mining assets and payouts, the source of its high yields, and the full role and disclosure concerning Chris Cook. Blockstream had not issued a comprehensive response at the time of writing.

marsbit5h ago

The Full Story of How Crypto Unicorn Blockstream Is Mired in Serious Fraud Allegations

marsbit5h ago

Trading

Spot
Futures
活动图片