Coinbase Launches DEX Trading for Millions of On-Chain Tokens

Coinbase has introduced a new decentralized exchange (DEX) trading feature, granting users access to millions of on-chain tokens for the first time. This feature, built on Coinbase’s Ethereum Layer 2 network Base, is currently available to U.S. customers, excluding New York. It allows users to trade a vast array of assets directly within the Coinbase app without leaving to access external DEX platforms such as Uniswap or Aerodrome. The integration significantly expands the company’s asset offering, which was previously limited to around 300 tokens [1].

The DEX feature enables access to Base-native tokens such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs, many of which were previously unavailable on Coinbase’s centralized platform. The move aims to facilitate immediate liquidity for newly launched tokens and position Coinbase as a key entry point for the next generation of digital assets [2]. The feature also includes automated screening mechanisms to detect and block malicious or fraudulent assets across major DEXs, enhancing security for users [3].

This rollout is part of Coinbase’s broader vision to evolve into an “everything exchange.” The company has outlined plans to integrate tokenized equities, prediction markets, and early-stage token sales into its platform, broadening its service offerings. However, the timing coincides with a period of slowing spot trading volumes and quarterly revenue. The firm is also facing intensified competition from platforms like Kraken and Robinhood, which offer a wider selection of assets and lower fees [4].

Coinbase plans to gradually expand support to additional blockchains, beginning with Solana, further diversifying the range of tokens and platforms available to users. The integration of DEX trading into the Coinbase app represents a strategic pivot in how centralized exchanges engage with decentralized ecosystems. By combining the ease and familiarity of a centralized platform with the liquidity and innovation of DEXs, Coinbase aims to capture a larger share of the evolving crypto market [5].

Source:

[1] Coinbase Rolls out DEX Trading for Millions of Assets With ... (https://news.bitcoin.com/coinbase-rolls-out-dex-trading-for-millions-of-assets-with-built-in-self-custody/)

[2] Coinbase Unlocks Millions of Tokens With New DEX ... (https://coindoo.com/coinbase-unlocks-millions-of-tokens-with-new-dex-trading-feature/)

[3] Coinbase announces the launch of DEX trading, unlocking ... (https://www.mexc.com/news/coinbase-announces-the-launch-of-dex-trading-unlocking-millions-of-on-chain-assets/64307)

[5] Coinbase launches DEX platform with Base support ... (https://www.cryptopolitan.com/coinbase-launches-dex-with-base-support/)