Coinbase has announced the launch of DEX trading in its main app for U.S. users, excluding New York, utilizing protocols like 0x and 1inch.
DEX Integration in Coinbase App
Coinbase now offers DEX trading through its app, allowing users to conduct transactions via protocols such as 0x and 1inch. This feature is accessible to users in the U.S., excluding New York State, and focuses on trading Base-native tokens.
Increased Liquidity on Aerodrome Finance
Since the integration, there has been a noticeable increase in liquidity and trading activity on supported exchanges, including Aerodrome Finance. This DEX platform has already shown a rise in market share following the launch of this feature for Coinbase users.
Future of DEX and Market Impact
This integration opens new opportunities for users, allowing them to keep funds on the Coinbase platform while gaining access to decentralized liquidity. Although specific U.S. regulatory feedback is still pending, the expanded token availability highlights the industry's push towards more decentralized solutions.
The integration of DEX trading into the Coinbase app may significantly impact the cryptocurrency market, bringing new opportunities and enhancing liquidity access for users.
