Coinbase Global Inc. has launched a new feature allowing users to trade DEX-native tokens directly, providing a new level of liquidity and accessibility for traders.
Integration of Coinbase and DEX
Coinbase has implemented a strategic integration with decentralized exchanges (DEX), allowing users to trade tokens originally created for the Base network. This solution enables developers to instantly access millions of traders without the need for official listings.
Token Market on the Base Platform
Following the integration with DEX, the market capitalization of top tokens on the Base ecosystem has surged by 3.7% to approximately $84.7 billion. Among the top-performing tokens in the last 24 hours are Aerodrome Finance (AERO) and Brett (BRETT). AERO, the largest DEX on the Base network, has increased by over 30%, reaching about $1.
Prospects for Coinbase Users
With these new capabilities, Coinbase expands its offerings from around 300 assets to millions of tokens. This positioning enables the platform to compete more effectively with global exchanges like Binance and Bybit, attracting more traders during the anticipated 2025 altseason.
The DEX integration with Coinbase's platform opens new opportunities for traders and enhances the liquidity of the token market on the Base network, potentially changing the landscape of cryptocurrency trading.
