Coinbase Launches On-Chain DEX for Token Swaps, Expanding Decentralized Trading in the U.S.

Coinbase has introduced a decentralized exchange feature within its U.S. application, allowing token swaps through 1inch and 0x liquidity pools. This marks a significant step towards decentralization and non-custodial trading for users. The integration enables on-chain token swaps, offering wider access to DeFi and early interaction with Base network tokens. 1inch and 0x liquidity pools will provide seamless exchange options. This move could reshape the U.S. crypto landscape by promoting decentralized finance adoption and attracting traders toward the growing decentralized ecosystem. However, New York remains excluded from this launch due to ongoing regulatory challenges posed by the state’s BitLicense standards. Coinbase’s integration comes as market anticipation grows for increased user engagement with decentralized platforms. Notably, Ethereum (ETH) is currently trading at $4,431.27 with a market cap of $534.87 billion and market dominance of 12.83%. The launch has the potential to impact transaction volumes and liquidity as Ethereum’s role in DEX operations expands across platforms like Base.