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Major crypto exchange Coinbase has entered a new era with DEX (decentralized) trading now integrated directly into the Coinbase app. Through the move, users will be able to trade millions of on-chain assets directly in the crypto exchange's app.
At launch, users will be able to trade a growing list of Base-native tokens, including assets from such projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs and Super Champs within the Coinbase app.
The recent move has no doubt boosted volumes on Base, with a Base developer drawing attention to more than $2 billion in daily DEX volumes on the Coinbase layer-2 network.
According to Coinbase CEO Brian Armstrong, this may be the start, as the newly launched DEX trading only caters to 1% of users of the Coinbase app. The Coinbase CEO was reacting to a surge in DEX volumes on the Base network.
According to Armstrong, "DEX trading rolled out to 1% in the Coinbase app—still early. Will ultimately support every chain our customers want."
More to come?
DEX (decentralized) trading is now available straight from the Coinbase app. The trading feature routes orders through 0x and 1inch to gain access to liquidity on Uniswap, Aerodrome and other DEXes.
However, this feature was only rolled out to U.S. users, except in New York State, and on the Base network, with plans to support more markets and networks in the near future.
Going forward, Coinbase says it will gradually expand offerings to support a broader range of Base assets.
Coinbase also highlighted plans to expand DEX support to include additional networks, beginning with Solana and expanding trading to more countries.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team