Coinbase has begun rolling out decentralized-exchange (DEX) trading inside its main mobile app, giving most U.S. customers direct on-chain access to digital assets without leaving the platform. The service is available nationwide except in New York State and launched on 8 Aug 2025. At launch, users can swap tokens minted on Base—Coinbase’s Ethereum Layer-2 network—and the company said support for Solana assets will follow. Orders are routed through aggregators 0x and 1inch, tapping liquidity pools on venues such as Uniswap and Aerodrome. Coinbase claims the change lifts access from about 300 listed coins to “millions” of on-chain tokens, with trades settling directly on blockchain networks rather than the exchange’s order book. Chief Executive Officer Brian Armstrong said the move advances the firm’s goal of becoming an “everything exchange” by unifying centralized and decentralized services in a single app. The launch comes as Coinbase faces declining spot-trading volumes and mounting competition from pure-play DEX platforms. Shares of Coinbase Global Inc. (COIN) were recently down roughly 2 % at $304, extending a week-long slide.