Coinbase (coin) adds Dex Trading to the US app to push towards being an ‘all app’
Coinbase (Coins) will roll a decentralized exchange (Dex) Trading within its main app for customers across the US, with the exception of the New York State, the company said Friday. Moving is part of its wider ambition to —on the platform in an “all app” for crypto.
The new feature will release an on-chain route through Dex aggregators such as 0x and 1inch, which draws liquidity from decentralized markets including Uniswap and Aerodrome, says Max Branzburg, Vice President of the Coinbase product. By incorporating DEX trading, Coinbase provides users the ability to contact directly to blockchain-based pools that do not move off-platform funds.
During the launch, merchants can discover and change an expanding list of base-native tokens. That roster includes assets from Virtual AI agents, the decentralized tokenized reserve protocol fund (Dtfs).
Dex Trading has appealed to some crypto users because it allows self-custody and without consent access. Instead of relying on a central exchange to match and regulate orders, transactions are carried out in the blockchain itself. For merchants, this may mean accessing a wider range of properties, faster listing for new tokens and, in some cases, lower fees. It also eliminates the need to trust in a mediator with funds – even with its own risks, such as exposure to intelligent contract bugs or new, thin markets.
The update strengthens Coinbase’s position as a gateway to both the centralized and decentralized crypto market. It also emphasizes the company’s continued pushing to ease web3 tools directly on its main platform, positioning to obtain users who want more control over how they trade and store digital assets.
Moving follows Kamag -child success of platforms such as Hyperliquid, a decentralized derivatives exchange that has Noticed $ 11 billion in volume In the past month. It also provides users of a non -custodial option to trade, it is important to eliminate the risk of counterpart that came to attention after the very important FTX implosion in 2022.
The decentralized volume of exchange began with a well -known climb to the full recent bull market, data from Delete It is shown that the sunny volume is at $ 12.8 billion, the Dwarfing Coinbase’s $ 3.5 billion total $ 3.5 billion, while Dex’s monthly volume exceeds $ 407 billion.
