Coinbase has expanded its platform by introducing decentralized exchange (DEX) trading capabilities for U.S. customers through its mobile application. The new feature enables direct access to emerging tokens but remains unavailable to users in New York State.
The service currently supports tokens minted on Coinbase’s Ethereum layer-2 Base network. Expansion plans include adding assets such as Solana in the future, broadening the range of tradable cryptocurrencies.
Unlike traditional exchange models, Coinbase’s DEX function operates without requiring Know Your Customer (KYC) compliance. This approach enhances accessibility for users by eliminating identity verification barriers.
The launch specifically targets empowerment for developers building on the Base ecosystem. By streamlining token distribution and trading mechanics, Coinbase aims to accelerate adoption and utility for native network projects.
This strategic move marks Coinbase’s ongoing shift toward diversified crypto service offerings beyond centralized solutions, prioritizing user-friendly accessibility while fostering decentralized innovation.