Coinbase launches in-app DEX trading for U.S. users, expanding DeFi access, enabling fee-free crypto swaps, and advancing its crypto super-app vision.
Coinbase officially launched decentralized exchange trading. The new feature is integrated directly into its main application. Such a move brings centralized and decentralized finance firmly closer together. There are millions of new digital assets available to users. Such a decision essentially changes the usefulness of the platform. It opens up the trading universe way beyond Coinbase’s listed assets.
The DEX feature is available now throughout the United States. New York State users are still barred by local regulations. Customers are able to trade instantly with their existing Coinbase balance or USDC. The system automatically sends orders via DEX aggregators. This will provide users with the best available price execution. Coinbase pays all associated network gas fees.
Coinbase CEO Brian Armstrong observed that there are millions of assets available to US users. Armstrong was thrilled that this product could spread throughout the world in the near future. He said that he had received positive responses so far on the integration. This points to a strong emphasis on building onchain infrastructure.
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The new tokens that launch on the Base network are in focus. Base is the Ethereum Layer 2 scaling solution by Coinbase. Some of the emerging tokens are LINEA, SYND, and NOICE. These assets are immediately tradable after being created on-chain. This eliminates the traditional delay in centralized listing reviews. Coinbase wants to gain new, immediate retail trading volume.
Coinbase Paying for network fees is a crucial component. It makes the process of trading very easy for retail users. It allows users not to deal with another ETH balance for gas. DEX trades come with an integrated self-custody wallet on the app, so users are in direct control over their assets. This non-custodial model fits within the essential DeFi concepts.
This integration is a continuation of Coinbase’s move into staking. The exchange recently made staking accessible to New York customers. Staking services are currently available in a total of 46 states. Coinbase is taking dramatic steps to change its business model. They are positioning themselves as a general crypto super-app. These endeavors integrate regulatory compliance into innovation.
However, new access creates new risks to retail traders. DEX assets avoid Coinbase’s intensive internal review process. Users have to trust onchain data and provided risk insight. Coinbase provides warnings for assets with low liquidity. Price impact can be extreme, especially during large trades because of the low level of liquidity. This risk becomes very important for new and volatile Base-native tokens.
Holding illiquid, volatile assets is more exposed to market risk. The large DEX sells can depress prices fast due to high slippage. This scenario would lead to a fast-fueling of margin calls and liquidations. This risk is increased for traders of leveraged products.
This platform evolution sets a new industry record. It gives millions of users wide-open DeFi access. The action also raises the regulatory scrutiny on CEX/DEX blurring. Coinbase’s approach to compliance is not a barrier to innovation. This latest step cements their position as a key entry point to the crypto economy.
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