Yeliz Akmaca 
Cryptocurrency exchange Coinbase has activated DEX trading for certain users in the United States. Initially, only tokens from the Base network will be available for trading on the platform. Coinbase launched the DEX platform to enable users to access millions of tokens easily.
In a blog post, Coinbase announced it will offer DEX trading to selected users across the US, excluding New York. At launch, users can trade Base native tokens, including popular projects such as Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs.
The company plans to increase the number of supported tokens in the coming weeks. Base operates as Ethereum’s Layer 2 network, providing an important ecosystem. This expansion means diversified token support for Coinbase. CEO Brian Armstrong stated on X that their goal is to make the DEX the easiest gateway to on-chain markets. He also confirmed that Solana tokens will soon be integrated into the platform.
We're starting the rollout of DEX trading in the U.S. (excluding NY). Our goal is to make Coinbase the simplest way to access onchain markets.
You'll be able to trade millions of @base assets in the Coinbase app.
Support for @solana is coming soon too. pic.twitter.com/YWkCxJEN9d
— Brian Armstrong (@brian_armstrong) August 8, 2025
Coinbase’s Strategic Move Aims to Boost Trading Volume
Coinbase’s DEX announcement coincided with the release of its Q2 financial results. The report showed that trading volume fell short of analysts’ expectations. Retail trading volume grew 16% year-over-year, surpassing $43 billion. However, analysts had projected around $48 billion. The increasing number of token launches on the Base network makes this move strategically significant for Coinbase.
Base hosts the well-known token launch platform Zora. Meanwhile, Solana leads daily token launches, outperforming Base with its Pump.fun launchpad. Therefore, adding Solana support will likely increase trading volume. Coinbase’s trading volume dropped from $2 billion in Q1 to $1.42 billion in Q2, a decline of 27.5%.
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