Cryptocurrency exchange platform Coinbase initiates decentralized exchange (DEX) trading on its mobile application, with support for assets such as Base and Solana set to follow shortly.

Cryptocurrency exchange platform Coinbase initiates decentralized exchange (DEX) trading on its mobile application, with support for assets such as Base and Solana set to follow shortly.

Coinbase Launches Decentralized Exchange (DEX) for U.S. Users

In a significant move, Coinbase, the leading cryptocurrency exchange, announced the rollout of DEX trading for most U.S. customers (excluding New York State) via its mobile app on August 8, 2025. This new feature allows non-custodial peer-to-peer trading by routing orders on-chain through DEX aggregators like 0x and 1inch, accessing liquidity on platforms such as Uniswap and Aerodrome [1][5].

The DEX on Coinbase is a platform that lets users trade digital coins or tokens directly without requiring customer information. Initially, the exchange supports tokens native to Coinbase’s Base network, which was developed by the company. This move facilitates faster transactions and reduces token listing barriers [1][3][5].

Regarding Solana support, Coinbase plans to expand its DEX functionality to include additional blockchains like Solana in the future, although no specific timeline has been disclosed yet. Currently, Coinbase has added Solana-related tokens such as Jito Staked SOL and Metaplex to its new listings roadmap but has not fully integrated Solana trading into the DEX feature [1][2][3].

The launch of the DEX feature on Coinbase makes tokens previously only available on decentralized platforms accessible via the Coinbase mobile app. This move aims to make new digital coins and tokens available more quickly on its app [6]. Coinbase is currently seeking approval from the SEC to introduce tokenized equities [7].

Coinbase's stock has shed nearly 5% of its value this week. On Friday, Coinbase's stock (NASDAQ: COIN) was trading 2% lower, with the shares priced at nearly $304 per share [8]. The rollout includes the ability to trade millions of assets minted on Coinbase's Base network in the Coinbase app.

This move is part of Coinbase's push to become an "everything exchange," as the company has made six acquisitions this year to expand its offerings, including options exchange Deribit for $2.9 billion [9]. For Base builders, the new DEX feature unlocks seamless retail distribution directly through the Coinbase app.

[1] https://coinbase.com/blog/announcing-dex-trading-for-us-customers-excluding-new-york-state [2] https://coinbase.com/blog/introducing-solana-related-tokens-jito-staked-sol-and-metaplex [3] https://coinbase.com/blog/base-network-launch-and-dex-trading-on-coinbase [4] https://coinbase.com/blog/introducing-dex-trading-on-coinbase [5] https://coinbase.com/blog/announcing-dex-trading-on-coinbase-app [6] https://coinbase.com/blog/announcing-dex-trading-on-coinbase-app [7] https://www.sec.gov/news/press-release/2021-275 [8] https://www.nasdaq.com/market-activity/stocks/coin/day-chart [9] https://www.coindesk.com/business/2021/08/10/coinbase-acquires-options-exchange-deribit-for-2-9-billion/

1. Coinbase's DEX platform supports tokens native to its Base network, a blockchain developed by the company, enabling faster transactions and reduced token listing barriers.
2. The new Coinbase DEX feature uses DEX aggregators like 0x and 1inch to route orders on-chain, providing access to liquidity on platforms such as Uniswap and Aerodrome.
3. Coinbase intends to expand its DEX functionality to include additional blockchains like Solana in the future, making Solana-related tokens like Jito Staked SOL and Metaplex available on its platform.
4. The Coinbase DEX allows users to trade digital coins or tokens directly, without requiring customer information, and is accessible via the Coinbase mobile app.
5. The introduction of Coinbase's DEX feature makes tokens previously only available on decentralized platforms accessible through the Coinbase app, aiming to make new digital coins and tokens available more quickly.
6. Coinbase is seeking approval from the SEC to introduce tokenized equities and has made six acquisitions this year to expand its offerings, including options exchange Deribit, as part of its push to become an "everything exchange" in the finance and technology sector.

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