Coinbase has introduced 'Embedded Wallets,' a new feature integrated into its mobile software development kit (SDK) that allows developers to build self-custodial crypto wallets directly into their applications with minimal coding. This feature includes built-in support for on-ramps, swaps, and automatic 4.1% rewards on USDC stablecoin balances, with keys secured in Trusted Execution Environments (TEEs). The embedded wallets enable email login without the need for seed phrases and are free for onramp customers until September 30, 2025. Additionally, Coinbase has integrated PancakeSwap liquidity into its app, allowing users to trade Base assets directly on-chain. This development coincides with PancakeSwap launching tokenized stock perpetual futures for companies such as Apple, Amazon, and Tesla, offering up to 25x leverage. Furthermore, PreStocksFi has launched on Solana, enabling trading of tokenized pre-IPO stocks including OpenAI, Stripe, SpaceX, and Discord. Coinbase's expansion into embedded wallets and decentralized exchange (DEX) trading aims to bridge traditional finance with decentralized finance (DeFi), providing its over 110 million users easier access to crypto assets and tokenized equities, potentially unlocking liquidity for previously illiquid private shares and real estate tokens.