Crypto exchange Coinbase has officially launched DEX trading within its app for U.S. users, excluding those in New York.
The exchange first teased the feature in August, when it was available to select users, and officially rolled it out to the public on Wednesday, according to a company blog post. Coinbase users can now trade tokens before they’re considered for traditional listing on the exchange.
“Explore millions of assets, moments after they launch, right from the Coinbase app. DEX trading is live for all U.S. users (ex. NY),” the exchange said Wednesday in a post on X.
To enable the service, Coinbase has integrated with liquidity pools supported by 1inch and 0x, providing users with “secure, non-custodial token swaps to users directly onchain,” the company said in an updated note in its August blog post.
Users can trade a list of Base-native tokens at launch, including assets from projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs, according to the post.
The new DEX feature comes after the company posted a decline in trading volume in the second quarter. Trading volumes came in at $237 billion during the quarter, compared to $226 billion during the same period in 2024.
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