Coinbase has introduced a new feature allowing users in the US to trade tokens on the decentralized exchange (DEX) directly from its mobile app.
New Coinbase Feature
Coinbase has announced an option for buying and selling tokens on the Base network through an integrated self-custody wallet. All network fees will be covered by the company.
Advantages of DEX Integration
According to Coinbase, DEX integration offers users numerous advantages:
* Fast access: Newly created assets become tradable within minutes. * Simple interface: Users can conduct DEX transactions without diving into complex protocols. * Free network fees: All network costs are covered by Coinbase. * Enhanced security: Malicious assets are blocked via third-party verification. * Liquidity advantage: The best price is automatically found on popular DEXs like Aerodrome and Uniswap.
Future Plans
Coinbase plans to gradually add new assets for trading and expand support for more networks and countries, particularly the Solana network.
The DEX integration in the Coinbase app opens new opportunities for users, providing straightforward access to markets and enhanced security for transactions.
