Coinbase has introduced decentralized trading to nearly all its U.S. customers, broadening access to one of its most ambitious products yet.

The company confirmed on Oct. 8 that its decentralized exchange (DEX) service is now live inside the main Coinbase app for users across the country, except those based in New York, where state regulations still restrict the offering.

Through the new interface, traders can swap tokens the moment they launch, giving them early exposure to emerging assets long before centralized listings appear. The feature is powered entirely by Base, Coinbase’s Ethereum layer-2 network, and will gradually expand to support additional chains and regions.

For now, the app allows users to trade Base-issued assets from projects such as Virtuals AI Agents, Reserve Protocol DTFs, Soso Value Indices, Auki Labs, and Super Champs. Coinbase integrated liquidity routes from 1inch and 0x, enabling non-custodial token swaps without users surrendering control of their wallets.

Funding can come directly from an existing Coinbase balance or USDC, while the company absorbs gas fees in exchange for a “small, transparent” trading charge.

The launch follows a limited August trial with selected testers and signals a full-scale entry into on-chain trading for the exchange’s retail base.

CEXs roll out DEXs

The DEX launch also arrives amid a wave of similar efforts from competitors.

Bybit recently unveiled Byreal, a Solana-based platform built to fuse centralized exchange efficiency with DeFi transparency.

BitMart and MEXC have followed suit with their own on-chain venues, each aiming to keep users within their trading environments as liquidity fragments across

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Author: Oluwapelumi Adejumo