Coinbase (COIN) Rolls out decentralized exchange (Dex) Trade within its most important app for customers across the United States, with the exception of New York State, the company said Friday. The move is part of its wider ambition to transform the platform into an “Everything App” to Krypto.
The new feature will route trade on chain through DEX Agreements such as 0x and 1 inches that draw liquidity from decentralized markets, including Uniswap and Aerodrome, said Max Branzburg, Coinbase’s Vice President of the product. By integrating DEX trading, Coinbase gives users the opportunity to interact directly with blockchain-based liquidity basins without moving funds off-platform.
At the launch, dealers will be able to detect and exchange an expanding list of basic tokens. This list includes assets from virtual AI agents, reserve protocol’s decentralized tokenized funds (DTFS)Soso Value’s Index -Tokens as well as Auki Labs and Super Champs.
DEX Trading appeals to some crypto trucks because it allows for self -insurance and permitted access. Instead of relying on a central exchange to match and run orders, transactions are performed on the blockchain itself. For dealers, this may mean access to a wider range of assets, faster lists for new tokens and in some cases lower fees. It also removes the need to rely on an intermediary to keep funds – although it comes with its own risks, such as exposure to smart contract errors or unstable, thinly traded markets.
The update strengthens Coinbase’s position as a gateway to both centralized and decentralized crypto markets. It also emphasizes the company’s continued push to integrate web3 tools directly into its core platform and place it to capture users who want more control over how they shop and store digital assets.
The move follows the relative success of platforms such as Hyperliquid, a decentralized derivative exchange that has caught up with $ 11 billion in volume over the past month. It also gives users a non-parenting authority for trade, which essentially removes counterparty risk that came to the limelight after FTX’s major implosion in 2022.
Decentralized exchange volume has embarked on a remarkable increase in the entire recent bull market, data from Defillama shows that the daily volume is $ 12.8 billion, dwarf Coinbas’s total amount of $ 3.5 billion, while the monthly DEX volume has surpassed $ 407 billion.
Correction (8 August 17:20 UTC): An earlier version of this article stated that centrifuge’s assets will be available for trading at launch, which was wrong.
