$3.26B
plans to launch its decentralized trading option, called “DeFi Mullet”, for users in Brazil.
The feature lets people trade a wide range of tokens directly in the Coinbase app, without having to switch to other platforms.
The tool runs on Base, Coinbase’s own network built on Ethereum
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Its main goal is to make decentralized trading easier by removing the complicated steps that usually come with using DeFi platforms. According to Coinbase:
Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface.
This means users can buy and sell on decentralized exchanges (DEXs) while still using Coinbase’s regular layout.
Those who connect a self-custody wallet can trade without paying network fees and keep full control over their tokens. Coinbase has not yet given a specific launch date for the feature in Brazil.
The new service is part of Coinbase’s larger plan to turn its app into an all-in-one trading platform. The company aims to give its more than 100 million users access to many types of digital assets and markets from anywhere, at any time.
Along with this expansion, Coinbase also supports Circle’s USDC
Recently, Jane Manchun Wong shared that Coinbase appears to be building a new website for prediction markets. What did she say? Read the full story.
