Coinbase has unveiled CDP Wallets, a new self-custodial wallet infrastructure aimed at developers seeking to simplify complex wallet operations without compromising security or control.
Now available in open beta, CDP Wallets marks a significant innovation in crypto wallet infrastructure by removing the traditional tradeoff between custody and flexibility.
Historically, developers faced a difficult choice: either manage private keys themselves—a process fraught with operational risk and infrastructure complexity—or rely on custodians, sacrificing full control in the process. Coinbase’s CDP Wallets aim to eliminate that dilemma by offering a programmable wallet solution that provides both security and developer autonomy.
A New Custody Model: Security Without Exposure
CDP Wallets use Trusted Execution Environments (TEEs) secured within AWS Nitro Enclaves to handle sensitive operations. This architecture ensures that unencrypted private keys are never exposed, not even to Coinbase itself. Instead of managing keys or relying on multi-party computation (MPC) setups, developers interact with wallets entirely through scoped API credentials.
“You create, sign, and manage transactions entirely through scoped API calls: no MPC, no key shards, no infrastructure to deploy,” Coinbase explained. This shift dramatically reduces the complexity involved in deploying secure crypto wallets while maintaining full control over how transactions are executed.
Tailored for Onchain Developers and Power Users
Designed for real-time blockchain applications, CDP Wallets support instant wallet creation, low-latency signing, and typed message signing (EIP-712). The product is fully compatible with major developer tools including viem, wagmi, and ethers.js, and supports EVM chains, Solana, and other leading blockchain ecosystems.
Coinbase sees CDP Wallets as an ideal solution for a range of high-performance applications, including onchain AI agents, DeFi trading bots, enterprise treasury systems, and crypto payment infrastructure.
Extra Incentives for U.S. Developers
As an added incentive, U.S.-based developers can earn 4.1% USDC rewards on idle CDP Wallet balances, with no staking or lockups required. This feature positions CDP Wallets not just as a dev tool, but also as a capital-efficient treasury option.
CDP Wallets represent a step forward in making secure, scalable self-custody accessible to builders without compromising on ease of use. As the demand for decentralized applications grows, Coinbase’s infrastructure-first approach may prove pivotal in enabling the next wave of onchain innovation.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/coinbase-launches-new-crypto-wallets/