Coinbase is expanding its product offerings by integrating Base DEX trading directly into its app. This move simplifies access to thousands of on-chain assets for users, removing the need for separate platforms. The company also unveiled plans for perpetual futures contracts and a new Bitcoin rewards credit card designed for Coinbase One members.
Coinbase’s product strategy was showcased at the State of Crypto Summit in New York. Key highlights include:
– **Direct DEX Access:** Base DEX trading integration will provide users immediate access to thousands of assets within the familiar Coinbase app interface. This aims to simplify on-chain asset navigation for everyday users.
– **Perpetual Futures:** For U.S. traders, the company launches perpetual futures contracts (CFTC compliant) with no expiry date, offering enhanced flexibility in long or short positions.
– **Coinbase One Card:** A new Bitcoin-backed credit card will be available to Coinbase One members starting in fall 2025. This card offers 4% cashback in Bitcoin on purchases, along with zero foreign transaction fees and additional perks like fee waivers and gas credits.
The company is aiming to bolster on-chain activity and user engagement through these initiatives.