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>>Coinbase now offers decentralized exchange (DEX) trading directly within its app for users in the US, with New York being the exception.

Coinbase now offers decentralized exchange (DEX) trading directly within its app for users in the US, with New York being the exception.

crypthub

4 days ago

Coinbase Introduces In-App DEX Trading

Coinbase has launched decentralized exchange (DEX) trading directly within its mobile app for U.S. users, excluding residents of New York. This expansion incorporates features allowing users to trade tokens before they are formally listed on Coinbase. The integration leverages Coinbase’s Base network, aiming to streamline token discovery and execution. The rollout follows a prior limited release to select users earlier this year.

Focus on Base-Native Assets and 1inch Integration

Initially, trading will prioritize Base-native assets from projects like Virtuals AI and Reserve Protocol. Coinbase’s integration with 1inch enables direct non-custodial token swaps for users. This represents a significant step in bridging centralized and decentralized finance. Scott Shapiro, Coinbase's head of trading, highlighted enabling access to DEXes within the app.

Decentralized Exchange Trends and Volume

Perpetual decentralized exchanges (perp DEXs) have recently surpassed a record $1.2 trillion in trading volume. Aster DEX led the surge, capturing nearly half the market. This signifies a growing trend of traders shifting from centralized exchanges to decentralized platforms seeking transparency and self-custody.