Coinbase has launched decentralized exchange (DEX) trading within its app for U.S. users, giving them access to millions of onchain assets with zero network fees and full self-custody.
Key Takeaways
- Coinbase has integrated DEX trading into its main app, giving U.S. users access to millions of onchain tokens beyond its original 300 listed assets.
- Trading is non-custodial and gas-free, with Coinbase covering all network fees and using DEX aggregators for best price execution.
- Three new altcoins were listed: Noice (NOICE), Syndicate (SYND), and Linea (LINEA), with Noice showing the strongest early performance.
- New York remains excluded from the launch due to regulatory restrictions, but expansion plans include Solana integration and global market access.
What Happened?
Coinbase has officially launched in-app decentralized exchange (DEX) trading across the United States, excluding New York. This move allows users to swap millions of tokens directly within the Coinbase interface, a dramatic expansion from the roughly 300 assets previously available. The update includes new altcoin listings and tight integration with Base, Coinbase’s Layer 2 Ethereum network.
Now everyone in the US can access millions of assets on Coinbase (excluding New York).
— Brian Armstrong (@brian_armstrong) October 8, 2025
We’ve received great feedback about this product. Excited to scale it to more countries, networks, and people. pic.twitter.com/mg6tk2zdAB
A Major Shift Toward Onchain Trading
Coinbase’s DEX rollout is a clear step toward becoming a true “crypto super-app.” With its seamless design, the feature allows users to:
- Trade instantly using Coinbase balances or USDC.
- Avoid paying gas fees, as Coinbase covers them.
- Swap tokens using liquidity from aggregators like 1inch and 0x.
- Maintain full control of their assets via an integrated self-custody wallet.
The service not only simplifies decentralized trading but also blurs the lines between centralized convenience and DeFi freedom. Trades execute directly onchain, enabling near-instant availability of newly launched tokens.
Launch of New Altcoins
As part of the rollout, Coinbase listed three new tokens on October 9: Noice (NOICE), Syndicate (SYND), and Linea (LINEA). These listings went live shortly after launch, highlighting Coinbase’s new ability to offer rapid access to onchain assets. Here’s how they stand out:
- Noice (NOICE): Native to the Base blockchain and showed immediate price gains post-listing.
- Syndicate (SYND): Available on both Base and Ethereum, offering broader accessibility.
- Linea (LINEA): Not a Base-native token but benefits from exposure within Coinbase’s app ecosystem.
These tokens bypass the typical centralized vetting process, giving traders earlier exposure to new projects.
Enhanced Transparency and User Safety
To reduce risks typically associated with DEXs, Coinbase has added protections:
- Third-party onchain analytics help identify and block suspicious or malicious tokens.
- Liquidity and price impact warnings are displayed for low-volume assets.
- The DEX model remains non-custodial, aligning with DeFi principles while maintaining Coinbase’s regulatory compliance stance.
Regulatory Landscape and Future Expansion
While the launch is live across most of the U.S., New York remains excluded due to local regulatory limitations. However, Coinbase has ambitious plans:
- Expanding support to other chains like Solana.
- Rolling out DEX access globally, giving millions of new users onchain exposure.
This follows other major steps like making staking available in 46 U.S. states, including New York, and applying for a banking license to deepen TradFi ties.
CoinLaw’s Takeaway
In my experience covering crypto platforms, this is a watershed moment. Coinbase isn’t just testing the waters of DeFi anymore, it’s diving in. The integration of DEX trading directly into the app, paired with fee-free swaps and Base-native token listings, puts Coinbase on a path to becoming a full-stack crypto platform. I found it especially bold that they’re eliminating gas fees, a move that makes DeFi more user-friendly than ever. But with this power comes risk. Users now have instant access to millions of volatile tokens, and without the traditional safety net of centralized reviews, due diligence is more important than ever.
