- Coinbase now enables U.S. users to trade millions of on-chain assets via DEX integration.
- Seamless trading with a self-custody wallet and zero network fees on Coinbase’s DEX.
- Coinbase plans to expand DEX support to additional networks, starting with Solana.
Coinbase has launched decentralized exchange (DEX) trading to customers in the US, a major expansion of its platform’s features. Through this integration, users will be able to browse and trade millions of on-chain assets within the Coinbase app. Apart from New York, other state users can avail the benefits.
The decision follows an announcement by Coinbase that will enable users to trade via DEX to access Base-native tokens and other decentralized assets without significant delay. The exchange’s new offering will make digital asset trading simple and accessible, allowing users to navigate the complexities of decentralized protocols more easily.
Expanding Access to Decentralized Markets
The DEX integration provided by Coinbase allows access to various assets, beginning with Base-native tokens. These comprise assets of major projects like Virtual AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs. In the upcoming weeks, Coinbase will gradually expand its selection, indexing more assets and improving platform reliability.
The platform provides many benefits to traders, particularly speed and simplicity. Users can now trade new assets soon after they are indexed in the blockchain. This eliminates traditional wait time for new listings and makes it possible to access the latest projects quickly.
Moreover, the integration of DEX on Coinbase eliminates the management of complicated decentralized protocols by the user. The built-in self-custody wallet and network fee sponsorship will make the exchange a smooth vehicle for trading. The platform allows users to trade using their Coinbase balance or USDC to fund their trades, track performance, and manage their portfolios all within a single platform.
Empowering Token Issuers with Instant Market Reach
The new upgrade on Coinbase also empowers token issuers because they get an instant market. Tokens issued in Base, not yet supported by the centralized exchanges, can now access millions of individual traders on the platform within an hour of being listed. This new form of distribution avoids the usual time lag of centralized exchange listings and directly links the issuers with a large user base.
This change of distribution strategy reveals Coinbase’s intention to support a wide range of blockchain initiatives and speed up the availability of emerging assets. While the platform is dedicated to speed, it also focuses on security. Tokens that reputable third-party vendors identify as fraudulent or malicious will be blocked, allowing users to avoid the dangers of unvetted tokens.
With its intentions to extend its offerings, Coinbase is ready to support additional networks, with Solana being the first. The growth is part of the exchange’s continued push to become the preferred destination for trading decentralized assets both by traders and by token issuers.
Related: Coinbase Enables PayPal in Canada for Cryptocurrency Payments
Future Plans and Global Expansion
Coinbase is now focusing on expansion and plans to support additional networks, beginning with Solana, following its initial DeFi trading launch on Base for DEX. This initiative will enable users to access a broader variety of decentralized assets across different blockchain ecosystems.
Moreover, Coinbase plans to scale DEX trading to additional markets in the future, making the possibility available to a decentralized market accessible to individuals worldwide, right through the app. This international expansion is in line with the company’s business strategy of expanding its products and services to address the new demands of crypto trading markets.
Reducing the complexity of trading and making it readily available in the Coinbase interface, the exchange will ease the engagement for users in the DeFi scene. With the platform set to evolve further, having a wide range of offerings for navigation will remain a core element to staying competitive in the global market.
