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