Coinbase Launches Solana DEX Trading for 100M Users
Coinbase has begun increasing its native assist for Solana, introducing Solana-based DEX buying and selling instantly inside its app.
The transfer provides the alternate’s 100 million customers fast entry to each token launched on Solana with out ready for listings, and it marks certainly one of Coinbase’s most aggressive steps but into permissionless markets, positioning Solana as a prime precedence in its broader product technique.
Coinbase Brings Full Solana Token Access to Its App
During a presentation on the Solana Breakpoint 2025, Andrew, a protocol specialist at Coinbase, explained that the corporate needs to make the fast-growing Solana ecosystem simply reachable for on a regular basis customers.
“Millions of property are launching on-chain every single day, and we predict these must be accessible to all of our customers,” he stated.
According to him, Coinbase has now built-in DEX buying and selling natively, permitting its app to assist “the identical easy-to-use interface… now permitting you to commerce any token on Solana.”
He added that customers will pay with USDC, money, financial institution accounts, or debit playing cards, whereas builders now not want a proper itemizing so long as their tokens have sufficient liquidity.
“For our customers, this implies they get early entry to tens of millions of tokens,” he added. “For issuers and builders… you could be accessible to the tens of millions of customers on Coinbase with out getting listed.”
The Solana Foundation amplified the announcement on X, writing that “each Solana token might be out there immediately to commerce by 100 million customers on Coinbase,” framing the event as a significant enlargement of the community’s attain.
At the identical time, Solana highlighted the launch of Phoenix Perpetuals by Ellipsis Labs, including to the momentum round Solana-native buying and selling infrastructure.
Market Reaction
Despite the upbeat information cycle, SOL’s value has misplaced floor over the previous month. At the time of writing, the token was buying and selling round $131 after sliding roughly 6% within the final 24 hours and almost 9% over the week.
The decline extends to a deeper 20% drop throughout 30 days, a part of a wider slowdown that has pulled SOL down by about 40% from a yr in the past. Still, the buying and selling quantity stays high at greater than $7.4 billion prior to now day, reflecting lively participation even in the course of the pullback.
The broader context nonetheless issues. Solana is coming off a interval of robust ecosystem enlargement that features rising institutional curiosity, with Invesco Galaxy’s Solana ETF reportedly near launch, and rising traction for new DeFi instruments.
The information can also be encouraging for Coinbase, particularly after experiences almost a month in the past revealed the collapse of its deliberate $2 billion acquisition of stablecoin startup BVNK. Giving its estimated 100 million customers on the spot entry to each Solana token marks a big step for each corporations and units the stage for heavier competitors throughout on-chain buying and selling platforms.
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