Coinbase Rolls Out DEX Trading on Its App Starting With Base—And Solana 'Coming Soon'
Main Idea
Coinbase is introducing decentralized exchange (DEX) trading for U.S. customers (excluding New York) to simplify access to on-chain markets and support new token launches on its Base network.
Key Points
1. Coinbase announced the rollout of DEX trading for U.S. customers, excluding those in New York, aiming to make it the simplest way to access on-chain markets.
2. The feature will allow trading of new tokens directly through the Coinbase app, many of which are launched on Coinbase's Base network.
3. Base is an Ethereum scaling network created by Coinbase to enable developers to build new crypto products.
4. DEX platforms allow direct trading of digital assets without KYC requirements, unlike centralized exchanges like Coinbase or Binance.
5. Coinbase CEO Brian Armstrong stated this move aligns with the company's goal to become an 'everything exchange' and is also seeking SEC approval for tokenized equities.
Description
The company is moving to become an "everything exchange," its CEO said.
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