Cryptocurrency exchange Coinbase announced the launch of its new web application with the aim of simplifying the user experience and bringing its nearly 100 million users on-chain. However, I doubt that such innovations will bring general optimism to the market.

Many regulatory bodies are taking stricter measures regarding the regulation of cryptocurrencies. This could negatively impact the operations of exchanges like Coinbase and the cryptocurrency market in general.

Additionally, the volatility of cryptocurrencies is also concerning. Users should be careful when investing in these digital assets as they may experience sudden drops in value.

All in all, Coinbase's new web app may help improve the user experience, but given the uncertain future of cryptocurrencies, the outlook for this industry is still uncertain.