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Aug 8, 2025
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Coinbase Launches DEX Trading for U.S. Users, Excluding New York

1 min

Coinbase (COIN) is introducing decentralized exchange (DEX) trading within its app for U.S. customers, excluding New York. This initiative aims to transform Coinbase into an "everything app" for crypto.

  • The feature will facilitate on-chain trades via DEX aggregators like 0x and 1inch, utilizing liquidity from platforms such as Uniswap and Aerodrome.
  • Users can swap a growing selection of Base-native tokens, including those from Virtuals AI Agents and Reserve Protocol’s decentralized tokenized funds.
  • DEX trading offers self-custody, permissionless access, the ability to trade directly on the blockchain, and a wider array of assets.
  • This update enhances Coinbase’s role in both centralized and decentralized markets, embedding Web3 tools into its platform.
  • The launch comes after success with platforms like HyperLiquid, which reported $11 billion in volume recently, offering users non-custodial trading options.
  • Decentralized exchange volume has risen significantly, with daily volumes at $12.8 billion compared to Coinbase’s $3.5 billion.