Coinbase launches CDP wallet, offering "full control" without key management
ChainCatcher news, according to The Block, Coinbase has launched the CDP wallet, a new type of wallet infrastructure aimed at developers, designed to break the long-standing trade-off between custody and operational complexity. Coinbase stated that developers previously had to either manage private keys themselves and handle complex operations or rely on custodians, thus losing flexibility.The CDP wallet, currently in public testing, aims to address this issue by giving developers "full control" to create self-custodial, programmable wallets via an API without the need to manage private keys or infrastructure.In a statement sent to The Block, Coinbase noted that the CDP wallet utilizes Trusted Execution Environment (TEE) technology to secure sensitive operations within AWS Nitro Enclaves, ensuring that private keys remain encrypted at all times, and even Coinbase cannot access the unencrypted private keys.