Coinbase, the leading cryptocurrency exchange, is launching a native decentralized exchange (DEX) trading feature in its app, placing millions of on-chain assets directly at users’ fingertips.
The new feature will be live for a limited number of U.S. users outside New York State, allowing them to trade Base-native and other decentralized tokens seconds after they are minted.
As per the announcement blog, Coinbase is going from offering about 300 assets to millions by capitalizing on DEX integrations with Uniswap, Aerodrome, and others. With aggregating liquidity across the decentralized markets, the exchange aims to give its customers the best prices without ever leaving their familiar interface.
Faster Access and No Network Fees
With this addition, assets can be traded as soon as they are added to the Base Layer 2 network through DEX trading. Notably, Virtuals AI Agents, Reserve Protocol DTFs, and SoSoValue Indices are some of the projects already listed. All costs of the network are covered by Coinbase, and trades can be funded using a Coinbase balance or USDC.
“To ensure a reliable trading experience, we will add support for new DEX assets in batches,” the announcement reads. “Over the coming weeks, we will gradually expand our offerings with the goal of supporting the full range of Base assets.”
Self-Custody and Transparency
The update also includes an integrated self-custody wallet so users can control their coins and have easy interaction with decentralized protocols. Moreover, on-chain data and risk details on the app will help traders in making appropriate decisions while avoiding malicious assets.
Coinbase will roll out DEX support to additional networks, beginning with Solana, and make the feature available across more international markets.
The integration is a win for traders as well as token issuers, who are able to connect with millions of potential buyers in mere hours of launch without needing to wait for centralized listing.
Also read: Ethereum’s Fusaka Upgrade Faces Delay Due To Coordination Issues
