Coinbase brings DEX trading to US users as CEXs go DeFi
Coinbase has launched decentralized trading to practically all its U.S. clients, broadening entry to one among its most formidable merchandise but.
The firm confirmed on Oct. 8 that its decentralized change (DEX) service is now reside inside the principle Coinbase app for users throughout the nation, besides these primarily based in New York, the place state rules nonetheless prohibit the providing.
Through the brand new interface, merchants can swap tokens the second they launch, giving them early publicity to rising belongings lengthy earlier than centralized listings seem. The function is powered fully by Base, Coinbase’s Ethereum layer-2 community, and can steadily develop to help further chains and areas.
For now, the app permits users to commerce Base-issued belongings from tasks such as Virtuals AI Agents, Reserve Protocol DTFs, Soso Value Indices, Auki Labs, and Super Champs. Coinbase built-in liquidity routes from 1inch and 0x, enabling non-custodial token swaps with out users surrendering management of their wallets.
Funding can come straight from an current Coinbase stability or USDC, whereas the corporate absorbs gasoline charges in change for a “small, clear” trading cost.
The launch follows a restricted August trial with chosen testers and alerts a full-scale entry into on-chain trading for the change’s retail base.
CEXs roll out DEXs
The DEX launch additionally arrives amid a wave of comparable efforts from rivals.
Bybit recently unveiled Byreal, a Solana-based platform constructed to fuse centralized change effectivity with DeFi transparency.
BitMart and MEXC have adopted swimsuit with their very own on-chain venues, every aiming to preserve users inside their trading environments as liquidity fragments throughout networks.
These companies’ strikes are unsurprising, contemplating business knowledge reveals that crypto merchants more and more flip to DEX platforms for his or her trades.
Data from CoinGecko confirmed that decentralized exchanges now deal with roughly 28.5% of spot exercise seen on centralized platforms. In the second quarter of 2025 alone, DEX volumes jumped greater than 25%, whereas centralized venues noticed trading fall practically 30%.
That divergence pushed the DEX-to-CEX quantity ratio to 0.23, up from 0.13 within the prior quarter.
Considering this, Youngsun Shin, Flipster’s head of product, famous:
“CeDeFi convergence will probably be a factor earlier than all of us assume.”
In this market setting, crypto merchants have a rising desire for platforms providing transparency and self-custody of their belongings. By integrating a DEX straight into their app, the CEXs intention to bridge that hole by providing the management of DeFi with the reliability and velocity users count on from their change.
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