Coinbase Adds DEX Trading for US Users via Base Network Integration
Coinbase expands its services by integrating decentralized exchange (DEX) trading within the app for U.S. users, except New York, utilizing liquidity from 1inch and 0x.
ETH
1INCH
Fact Check
The statement is directly and consistently confirmed by multiple sources, including a primary source from Coinbase's own blog and several reputable news outlets. The evidence unanimously states that DEX trading is being rolled out for U.S. users through an integration with the Base network.
Summary
Coinbase has rolled out built-in decentralized exchange (DEX) trading in the U.S., excluding New York, allowing users to swap tokens on-chain in a non-custodial manner via liquidity pools from 1inch and 0x. This feature also enables the trading of Base network native tokens prior to their official listings.
Terms & Concepts
- DEX (Decentralized Exchange): A peer-to-peer marketplace where cryptocurrency transactions occur directly between traders without the need for a centralized intermediary.
- Base Network: A layer-2 blockchain built on Ethereum, designed to offer faster and cheaper transactions while maintaining security.