Coinbase Adds DEX Access: Millions of Tokens for U.S. Traders

* DEX access for U.S. users on Coinbase starting August 8, 2025. * Expanded token access via Base, Coinbase's Ethereum Layer 2 network. On August 8, 2025, Coinbase, the United States’ largest cryptocurrency exchange, launched decentralized exchange (DEX) trading within its app for U.S. users, allowing customers to trade millions of digital assets directly. This marks a major expansion from the previous limit of approximately 300 listed tokens. The rollout is a key step in Coinbase’s strategy to tackle declining trading volumes and advance its goal of becoming a comprehensive financial platform. In an August 8 blog post, Coinbase detailed the new offering, noting that regulatory constraints will initially exclude users in New York State. The DEX trading functionality leverages Base, Coinbase’s proprietary Ethereum Layer 2 network, to facilitate these trades, allowing users to access popular decentralized exchanges like Aerodrome and Uniswap without leaving the Coinbase app. In addition, Coinbase revealed plans to extend this functionality to other blockchain networks, with Solana as the next addition. The move comes as Coinbase faces declining spot trading volumes and transaction revenue, issues highlighted in its Q2 2025 financial report. The report showed the company missed its revenue and earnings per share targets, as transaction revenue, its primary income source, fell sharply during the quarter. By integrating DEX trading, Coinbase aims to overcome these challenges and attract users with a wider range of assets and decentralized liquidity. This integration also advances the company’s ambition to become an "everything exchange," a vision that includes trading tokenized equities, accessing prediction markets, and participating in early-stage token sales. Competition in the U.S. cryptocurrency market remains intense, with platforms like Kraken and Robinhood offering lower trading costs and broader services. With the introduction of DEX trading, Coinbase aims to differentiate its platform by giving users more options and direct access to decentralized markets. As of August 8, 17:15 UTC: * Ethereum (ETH) is trading at $3,990.67, with a 4.52% change in 24-hour trading volume. * Solana (SOL) is priced at $176.49, showing a 4.78% increase in 24-hour trading volume. * Uniswap (UNI) is valued at $10.78, marking a 7.37% increase in 24-hour trading volume. These market figures indicate growing interest in these assets, particularly as decentralized trading platforms gain traction among users.