Coinbase (COIN) is implementing decentralized exchange (DEX) Commerce within its main application for customers in the United States, with the exception of the state of New York, said the company on Friday. The movement is part of its broader ambition to convert the platform into an “application of everything” for crypto.
The new feature will enrute operations in the chain through Dex aggregators such as 0x and 1 inch, extracting liquidity from decentralized markets, including UNISWAP and Aerodrome, said Max Branzburg, vice president of Coinbase product. When integrating Dex’s trade, Coinbase is providing users with the ability to interact directly with blockchain -based liquidity groups without moving backgrounds outside the platform.
At the launch, merchants can discover and exchange a list of base native tokens. That list includes assets of Virtual AI agents, decentralized tokenized funds of the reserve protocol (DTFS)Soso Value index tokens, as well as Auki Labs and Super Champs.
Dex’s trade appeals to some cryptography users because it allows self -ocustody access and without permission. Instead of trusting a central exchange to coincide and liquidate orders, transactions are executed in the block chain itself. For merchants, this can mean access to a broader range of assets, faster listings for new tokens and, in some cases, lower rates. It also eliminates the need to trust an intermediary with retention funds, although it comes with its own risks, such as exposure to intelligent contract errors or volatile and negotiation markets.
The update strengthens the Coinbase position as an entrance door to centralized and decentralized cryptography markets. It also underlines the continuous impulse of the company to integrate web3 tools directly into its central platform, positioning it to capture users who want more control on how they exchange and store digital assets.
The measure follows the relative success of platforms such as Hyperliquid, an exchange of decentralized derivatives that has obtained a volume of $ 11 billion during the last month. It also provides users with a non -custodial trade option, essentially eliminating the risk of counterpart that stood out after the transcendental implosion of FTX in 2022.
The volume of decentralized exchange has embarked on a remarkable bullish trend along the recent bullish market, Defillama’s data show that the daily volume is $ 12.8 billion, Dwarf the total coinbase of $ 3.5 billion, while the volume of monthly DEX has exceeded $ 407 billion.
Correction (August 8, 17:20 UTC): An earlier version of this article declared that centrifuge assets will be available to trade in the launch, which was incorrect.
