Coinbase has unveiled a new feature allowing U.S. customers to trade directly through decentralised exchanges (DEX) via its mobile app, starting with tokens on its Base network. The update will make tokens that were once only available on decentralised platforms accessible through Coinbase, with plans to add support for Solana shortly. However, the service will not be available to users in New York State.
The exchange said the move is aimed at giving retail traders earlier access to newly minted coins—many of which are launched on Base—without waiting for the traditional listing process. For developers building on Base, it means faster and more seamless access to Coinbase’s retail user base.
Base, an Ethereum layer-2 network developed by Coinbase, is designed to help creators build and launch new crypto products efficiently. By integrating DEX trading into its app, Coinbase is positioning itself as a bridge between emerging token markets and everyday crypto users, without the need for third-party platforms.
DEX platforms allow peer-to-peer trading without requiring personal details like names or IDs, unlike traditional exchanges that must comply with KYC regulations. This setup offers faster access to assets but also operates with fewer regulatory safeguards.
Coinbase CEO Brian Armstrong described the launch as part of the company’s ambition to become an “everything exchange.” The firm, which went public in 2021, is also pursuing SEC approval to offer tokenised stocks. This year alone, Coinbase has made six acquisitions—including a $2.9 billion deal for options exchange Deribit—as it seeks to diversify its offerings.
Despite these developments, Coinbase’s stock (NASDAQ: COIN) traded about 2% lower on Friday at roughly $304, down 5% for the week and 38% from last month’s peak near $420.
