Coinbase Brings Simplified DeFi Trading to Brazil
- Coinbase expands DeFi Mullet to Brazil, making decentralized trading far easier to access.
- Brazilian users now get simplified in-app access to a wide range of DeFi tokens.
- The rollout aligns with Brazil’s plan to introduce major new crypto rules in 2026.
The push to simplify DeFi access continues as Coinbase brings its DeFi Mullet service to Brazil. The move follows a growing trend as centralized exchanges embed decentralized infrastructure directly into familiar apps. Brazil has now become one of the first international markets to receive Coinbase’s simplified on-chain trading access.
Brian Armstrong confirmed the expansion in an update this week. He said Coinbase aims to make decentralized trading easier for everyday users. He also noted that U.S. users already enjoy the feature. He added that Coinbase is now introducing it to new regions.
The launch comes as Brazil sees fast growth in new digital asset users. Industry research shows increasing demand from retail traders seeking exposure to tokens not listed on major exchanges. However, many users in the country struggle with decentralized onboarding due to complicated wallets, network fees, and inconsistent user experience.
Coinbase Taps Retail Surge in Brazil
Brazil has become one of Latin America’s fastest-growing crypto markets. Research shows that more than 10% of the country now owns digital assets. This number sits above the global average. Rising inflation concerns and financial uncertainty continue to drive everyday adoption.
Brazil also has an active fintech ecosystem that brings young users into digital payments. However, many retail investors find DeFi platforms difficult to use. New users struggle with seed phrases, external wallets, and high gas fees. Coinbase wants to solve this issue by integrating decentralized trading directly into its main application.
The company first launched DeFi Mullet in the United States in October 2025. Armstrong promised that Coinbase would expand the service to more countries. Now, Brazil has become one of the earliest international markets to receive access. Coinbase says users can trade tens of thousands of tokens through the Coinbase app. The company confirmed that the system connects to decentralized liquidity sources like Uniswap and Aerodrome.
The service scans liquidity across supported decentralized exchanges. This helps users find the best available price when placing trades. Coinbase also says users can fund their trades and track performance within the app. This reduces the need to switch between multiple platforms when trading. Coinbase also promotes a self-custody wallet inside the platform that retains full token control. The feature removes network fees for users when trading through the integrated wallet.
The expansion comes at a key moment for Brazil’s regulatory direction. The country plans to introduce a new regulatory framework by February 2026. The central bank has already published new anti-money laundering and counter-terrorism financing rules. Virtual asset service providers will require authorization from the central bank. They must show improved transparency and governance. They must maintain cybersecurity standards similar to banks.
Brazil is also evaluating new tax rules on international crypto transactions. The government is preparing for global alignment under the Crypto-Asset Reporting Framework. More than 70 nations already support the framework. The changes will affect exchanges, custodians, and investors. Coinbase’s rapid push into the market arrives before Brazil completes these changes.
Related: Coinbase Launches Public Token Sales with U.S. Access
Coinbase Positions Base as a Retail Gateway
Coinbase says the expansion supports its long-term goal to build an app that allows users to trade anything from anywhere. The company continues to invest in Base, its Layer-2 network. In the third quarter, Coinbase reported increasing transaction growth across trading, lending, payments, and social applications. The company also launched Flashblocks, a fast block confirmation solution.
Financial results show strong momentum. Coinbase reported net income of more than $432 million in the third quarter. Revenue increased by 37% to $1.9 billion. The company also increased its Bitcoin holdings to more than 14,500 BTC. Market researchers view these results as a sign of growing retail trading strength.
Coinbase now plans to extend DeFi Mullet to additional networks. The company mentioned Solana as a future addition. It did not confirm a launch date for the Brazil rollout. However, Coinbase already announced that the rollout has begun for some users. The expansion signals a larger shift in how DeFi reaches everyday consumers.
