Coinbase has announced a new feature that integrates decentralized exchange (DEX) transactions directly into its mobile app, allowing users in the US to buy and sell tokens on the Base network.
The company aims to provide users with easy access to onchain markets with its integrated self-custody wallet, while making transactions free by covering all network fees.
Initially, Base-based tokens from leading projects like Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs will be traded. Coinbase will gradually add new assets and plans to support more networks and countries, particularly the Solana network, in the coming period.
According to Coinbase’s statement, thanks to the DEX integration:
- Fast access: Newly created assets on the chain become tradable within minutes.
- Simple interface: Users can perform DEX transactions from the Coinbase app without delving into complex protocols.
- Free network fees: All network costs are covered by Coinbase.
- Enhanced security: Malicious or fraudulent assets are blocked with third-party verification.
- Liquidity advantage: The best price is automatically found on popular DEXs like Aerodrome and Uniswap.
*This is not investment advice.
