Coinbase Launches DEX Trading in the U.S., Expanding DeFi Access

Coinbase has introduced decentralized exchange (DEX) trading functionality for US users, excluding New York. This feature leverages the Ethereum Layer 2 network, Base, to offer access to millions of tokens and expand its DeFi offerings. The move marks a shift towards decentralized trading and liquidity within Coinbase’s platform. Initial impacts are being observed in Base-native assets such as AERO. This launch signals Coinbase’s commitment to integrating decentralized finance and potentially mitigating the impact of competition.