Coinbase Global Inc. (NASDAQ: COIN) users can now directly trade Base-native tokens with their balance. The new Coinbase feature was made possible through the strategic integration of the Coinbase App with decentralized exchanges (DEX) offering trading services for Base-native tokens.
The strategic integration between the Coinbase App and DEX services will enable developers to get instant access to millions of traders without official listings. According to the announcement, Coinbase will make other networks available led by Solana (SOL).
Market Impact of the DEX Trading on Coinbase
Following the strategic integration of Coinbase with DEX trading platforms, the top crypto tokens’ market cap on the Base ecosystem surged by 3.7 percent to hover around $84.7 billion. The top-performing Base-native tokens during the past 24 hours include Aerodrome Finance (AERO) and Brett (Based) BRETT.
According to our market oracles, AERO price surged over 30 percent in the past 24 hours to trade at about $1 on Friday, during the mid-New York session. The palpable surge of AERO price is backed by the fact that Aerodrome Finance is the largest DEX on the Base network, with a total value locked of about $556 million.
Bigger Picture
The Coinbase trading platform is now well-positioned to attract more organic altcoin traders amid the anticipated 2025 altseason. Furthermore, Coinbase previously offered around 300 crypto assets for trading, but has since opened up for millions of tokens.
As a result, Coinbase can now compete with other top-tier global exchanges led by Binance, and Bybit.
Credit: Source link