Coinbase Launches CDP Wallet for Secure Developer Control

Coinbase has introduced the CDP Wallet, a new type of wallet infrastructure designed specifically for developers. This innovation aims to resolve the long-standing dilemma between custody and operational complexity that developers have faced in the past. Traditionally, developers had to either manage their private keys themselves, dealing with the complexities that come with it, or rely on custodians, which often meant sacrificing flexibility.

The CDP Wallet, currently in public testing, offers developers "full control" over their wallets. It allows for the creation of self-custodial, programmable wallets via API without the need to manage private keys or infrastructure. This is achieved through the use of Trusted Execution Environment (TEE) technology, which secures sensitive operations inside AWS Nitro Enclaves. This ensures that private keys remain encrypted at all times, even preventing Coinbase from accessing the unencrypted private keys.

With CDP Wallets, developers can now create wallets that are secure and programmable, eliminating the need for multi-party computation (MPC) wallets or externally owned accounts (EOAs). This allows developers to define smart transaction policies and automate execution without the need to run their own signer setups. Key features of CDP Wallets include instant wallet creation, low-latency signing, and integration with popular developer tools such as viem, wagmi, and ethers.js. These wallets support EVM chains, Solana, and EIP-712 typed message signing, enabling structured interactions with smart contracts.

This makes CDP Wallets ideal for a variety of applications, including real-time DeFi bots, onchain AI agents, payments infrastructure, and enterprise treasury systems. Additionally, U.S. developers can earn 4.1% USDC rewards natively on idle CDP Wallet balances, with no staking or lockups required. This feature further incentivizes the use of CDP Wallets by providing a passive income opportunity for developers.

Coinbase's introduction of CDP Wallets underscores the company's commitment to advancing the crypto ecosystem. By offering tools that enhance security, flexibility, and ease of use for developers, Coinbase is paving the way for the next generation of onchain systems. These systems require wallets that are programmable, policy-enforced, and invisible to the end user, and CDP Wallets aim to make this possible by providing a solution that is simple, fast, and ready for production.