Coinbase, the leading cryptocurrency exchange, has announced the launch of a new decentralized trading (DEX) feature in its app, allowing users to trade millions of assets directly from their interface.
New Functionality for Coinbase Users
The new feature will be available to a limited number of users in the U.S. (excluding New York). They will now be able to trade Base-native tokens and other decentralized tokens almost immediately after they are minted.
Faster Access and No Network Fees
With this addition, assets can be traded as soon as they are added to the Base Layer 2 network. All network costs are covered by Coinbase, and trades can be funded using a Coinbase balance or USDC.
Transparency and Asset Management
The update also includes an integrated self-custody wallet allowing users to control their coins and interact easily with decentralized protocols. On-chain data and risk information will help traders make informed decisions.
The integration of decentralized trading represents a significant advancement for both traders and token issuers, enabling them to connect with millions of potential buyers within hours.
