Coinbase has started rolling out decentralized-exchange trading for assets issued on Base, the company’s Ethereum layer-2 network, directly inside its main smartphone app. The exchange said the feature will ultimately give its more than 100 million registered users access to "millions" of on-chain tokens without waiting for centralized listings; Base creator Jesse Pollak added that the service is currently available to about 1 percent of customers while the firm gauges performance and security. Separately, Coinbase launched its second Stablecoin Bootstrap Fund, an initiative designed to deepen dollar-pegged token liquidity across decentralized-finance markets. Protocol developer Morpho said it received the fund’s first liquidity placement, and Coinbase suggested additional allocations will target projects building on Base. Chief Executive Officer Brian Armstrong noted that the program revives a 2019 USDC liquidity effort that helped early DeFi teams gain traction. The twin moves underline Coinbase’s push to drive more trading and lending activity on its own layer-2 infrastructure at a time when U.S. regulators continue to scrutinize centralized crypto venues.
🟦 @coinbase is bringing deeper stablecoin liquidity to DeFi protocols on @base chain Builders can apply for liquidity from the Stablecoin Bootstrap Fund 🧵 https://t.co/8tasBOKXfn
more stablecoin liquidity coming to @base https://t.co/Vxkj4xCCOO
In 2019, the first USDC bootstrap fund helped get DeFi builders off the ground. Now it’s time to bring it back and drive more onchain growth. If you’re building something special, reach out, we want to help. https://t.co/2MAK4gaF5F