Coinbase Launches DEX Trading for U.S. Users Outside New York

Coinbase has launched a new decentralized exchange (DEX) trading feature for most U.S. users, excluding those in New York, marking a significant expansion of its platform capabilities. The feature allows users to trade millions of digital assets directly on-chain, eliminating the need to transfer funds off the platform [1]. The rollout is part of a phased expansion, with plans to support more assets and blockchains such as Solana in the future [2].

The DEX trading functionality is currently available to a select group of users and focuses on Base-native tokens and other decentralized assets. By leveraging blockchain-based liquidity pools, the feature enhances Coinbase’s role as a multi-functional financial hub, aligning with the company’s broader strategy to evolve into an “everything app” for digital assets [3]. This integration aims to streamline user experience by bridging traditional and decentralized finance (DeFi) activities within a single platform [4].

Users now have the ability to engage directly with on-chain liquidity, offering greater control over their assets and eliminating the need for third-party intermediaries [5]. The move is expected to increase flexibility for traders, particularly those seeking faster access to new tokens that may not be available on centralized exchanges [6]. This functionality also supports Coinbase’s goal of making DEX trading more accessible to mainstream users, reducing the friction typically associated with switching between platforms for different types of trading [7].

The rollout of DEX trading reflects broader trends in the crypto industry, where major platforms are integrating DeFi features to meet growing demand for self-custody and direct asset interactions. By embedding DEX capabilities within its main app, Coinbase is streamlining the user experience and reinforcing its position as a leader in the evolving crypto market [8]. The initial focus on U.S. users outside of New York suggests the platform is testing the functionality before a potential wider launch [9]. The integration also highlights Coinbase’s continued investment in its Base Layer 2 network as a foundational element for future product development [10].

Source:

[1] Bitcoinist.com https://bitcoinist.com/coinbase-brings-dex-trading-unlock-millions-assets/

[2] CoinCentral https://coincentral.com/coinbase-introduces-dex-feature-to-boost-token-access-for-u-s-traders/

[3] Coinbase https://www.coinbase.com/trade-crypto/dex

[4] CoinDesk https://www.coindesk.com/markets/2025/08/08/coinbase-adds-dex-trading-to-u-s-app-in-push-toward-becoming-an-everything-app

[5] Bankless https://www.bankless.com/read/coinbase-adds-in-app-dex-trading-for-u-s-users

[6] Yahoo https://finance.yahoo.com/news/coinbase-rolls-dex-trading-app-180150058.html

[7] FXStreet https://www.fxstreet.com/cryptocurrencies/news/coinbase-introduces-dex-trading-for-us-customers-leveraging-its-base-l2-network-202508082052

[8] MSN https://www.msn.com/en-us/money/other/coinbase-is-adding-dex-trading-to-its-app-for-us-users-except-in-new-york/ar-AA1Kb4sI

[9] Bitcoin.com https://news.bitcoin.com/coinbase-rolls-out-dex-trading-for-millions-of-assets-with-built-in-self-custody/

[10] CryptoRank https://cryptorank.io/news/feed/d38ea-coinbase-rolls-out-dex-trading-for-instant-on-chain-access