| Mobile Web

Coinbase CEO says Base app SocialFi features fell short of expectations

Coinbase strengthened SocialFi functions in its Base app last year but appears to have fallen short of expectations. CEO Brian Armstrong said on a recent podcast that the SocialFi experiment was not successful and the company is now focusing on trading functions. Coinbase scaled back SocialFi from January and switched to a trading-centered user experience. It also removed a Farcaster-based social feed in February, Armstrong said.