Jamming (COIN) Discover decentralized exchanges (Dex) Exchanging inside its main application for customers in the United States, with the exception of New York State, the company announced on Friday. This decision is part of its broader ambition to transform the platform into an “all application” for Crypto.
The new feature will transport transactions on the chain through Dex aggregators such as 0x and 1 INCH, drawing liquidity from decentralized markets, notably Uniswap and Aerodrome, said Max Branzburg, vice-president of the Coinbase product. By integrating Dex Trading, Coinbase gives users the possibility of interacting directly with the liquidity pools based on the blockchain without moving the funds outside the platform.
During the launch, merchants will be able to discover and exchange an expanding list of native native tokens. This list includes assets of AI virtual agents, the decentralized tokenized funds of the reserve protocol (DTFS)Soso Value’s Index Tokens, as well as Auki Labs and Super Champs.
Dex Trading uses certain users of Crypto because it allows self-care and access without authorization. Instead of counting on a central exchange to match and settle orders, the transactions are executed on the blockchain itself. For merchants, this can mean access to a larger range of assets, faster lists for new tokens and, in some cases, lower costs. It also removes the need to trust an intermediary with funding – although it includes its own risks, such as exposure to smart contract bugs or volatile and barely negotiated markets.
The update reinforces the position of Coinbase as a bridge to the centralized and decentralized cryptographic markets. He also underlines the continuous push of the company to integrate the web3 tools directly into its main platform, by positioning it to capture users who want more control over how they exchange and store digital assets.
This decision follows the relative success of platforms as a hyperliquid, a decentralized decentralized exchange which marked 11 billion dollars in volume in last month. It also offers users a non -guardian option to exchange, essentially removing the counterpart risk that came in the spotlight after the capital implosion of FTX in 2022.
The decentralized volume of exchange has embarked on a notable rise in trend throughout the recent Haussier market, Defillama’s data show that the daily volume is $ 12.8 billion, the total of Coinbase Total Coinbase, while the monthly Dex volume has exceeded $ 407 billion.
Correction (August 8, 5:20 pm UTC):: An earlier version of this article indicated that centrifuge assets will be available to negotiate at launch, which was incorrect.
