Coinbase’s ENS integration goes live Coinbase’s ENS integration goes live
Users can change their ENS names once a year and use them in any manner they choose to, as long as it complies with Coinbase's Subdomain Terms โ which have yet to be announced.
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Updated: Aug. 23, 2022 at 2:48 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Coinbase‘s Ethereum Name Service (ENS) integration is live, changing wallet usernames to an ENS subdomain of Coinbase IDs.
Users can change their ENS names once a year and use them in any manner they choose to, as long as it complies with Coinbase’s Subdomain Terms โ which have yet to be announced.
Coinbaseโs ENS integration is FINALLY in the wild. @coinbase took my wallet username and automatically made it an ens subdomain of https://t.co/aut7X5iUWJ pic.twitter.com/E8uwsKt5S2
— Seรกn Murray | 3531.eth | OpenSean.eth (@financeguy74) August 23, 2022
ENS, or Ethereum Name Service, is a distributed and extensible naming system based on the Ethereum blockchain. The protocol allows crypto wallet addresses to have human-readable extensions โ .eth.
ENS is a decentralized identity infrastructure provider, and its integration will allow Coinbase users to use a personalized and decentralized form of identification within the Web3 space. To make the ENS migration as fast as possible, Coinbase will store the new usernames off-chain for the time being. The exchange said it is planning to further decentralize by carrying them on-chain.
The scope of the ENS
The current Coinbase usernames are also built on top of ENS infrastructure and, therefore, a type of ENS. The existing usernames that belong to the Coinbase Domain Name System (CDS) have the “cb.id” extension at the end of the usernames. After the ENS change, the usernames will have a “.eth” extension at the end.
Based on Coinbase’s announcement, the ENS can be used to send, receive, and trade coins by regular and pro users. On the other hand, wallet accounts can only send and receive using their ENS.
Wallet trading will become available in the future, according to the exchange.
Germany and Japan are the only countries that don’t support ENS.
In addition, ENS only supports a handful of crypto-to-fiat exchanges. Users can exchange their crypto for dollars in the U.S. and euros in the EU and the U.K.
However, exchanging it for dollars in Europe and euros in the U.S. is impossible.
ENS reaches 2 million names
ENS started working to adopt Ethereum Layer-2 support in January 2022.
As of Aug. 18,ย 2 million ENS names have been created.
According to sales data, 92% of ENS sales were made via the ENS Registrar Controller, while the remaining 7.5% were sold on OpenSea.
Mentioned in this article
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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In this article
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
OpenSea
OpenSea is a decentralized peer-to-peer marketplace for buying, selling, and trading NFTs.
Ethereum Name Service (ENS) offers a secure and decentralised way to address resources both on and off the blockchain using simple, human-readable names.
