Coinbase launches in-app DEX for U.S. users to tap booming decentralized market

Coinbase’s in-app decentralized exchange (DEX) is finally ready for U. S. users, marking a major step forward in bridging centralized and decentralized finance (DeFi). With this feature, Coinbase users will have access to millions of on-chain assets directly within the Coinbase mobile app and won’t need to switch platforms or manage external ￰0￱ users get a new DEX Even though Coinbase formally launched its DEX trading within its app for U.

S. users, customers in New York won’t have access to those ￰1￱ of an exchange first came in August, when it was available to select ￰2￱ has now been formally rolled out to the public, who will be able to trade tokens before they’re considered for traditional listing on the ￰3￱ facilitate the service, Coinbase has integrated with liquidity pools supported by 1inch and 0x, which expose users to only “secure, non-custodial token swaps” directly ￰4￱ can trade a variety of Base-native tokens at launch, including assets from projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and eSuper ￰5￱ Coinbase is going the DEX route now The timing is not a mistake as it is happening at a time when Coinbase is trying to offset declining exchange ￰6￱ the second quarter, the company recorded $237 billion in trading volume, down slightly from $226 billion a year ￰7￱ from declining CEX activity, Coinbase is also launching a DEX because it wants a piece of the growing trading volume pie that many DEXs are now ￰8￱ to DefiLlama, perpetual decentralized exchanges (perp DEXs) have hit a record $1.226 trillion in trading volume over the past 30 days, marking the first time the sector has crossed the trillion-dollar ￰9￱ surge has pushed the values 48% higher than August’s $707.6 billion, highlighting accelerating demand for decentralized derivatives ￰10￱ far, Aster DEX has led the rally, with $493.6 billion in volume, followed by Hyperliquid, which has generated over $280 billion.

However, there are other notable contributors, including Lighter DEX, EdgeX, Pacifica, and Bybit’s Apex Protocol, who together account for over $280 billion in additional trading ￰11￱ and EdgeX have a confirmed airdrop campaign ongoing and have been doing considerable volume, with EdgeX pulling in revenue to rival Circle and Tether’s while Lighter DEX drew $164 billion in activity despite still being in ￰12￱ are also new entrants like SunPerp, the first perpetual DEX on TRON, which has amassed $30 million in total value locked after ￰13￱ growing popularity of perp DEXs is proof of changing trading behavior from centralized exchanges to decentralized platforms offering transparency, self-custody, and 24/7 global ￰14￱ Bybit now and claim a $50 bonus in minutes