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HomeCrypto NewsMarketCoinbase Launches DEX Trading, Allowing 100M Users Access to All Solana Assets

Coinbase Launches DEX Trading, Allowing 100M Users Access to All Solana Assets

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Solana strikes a major expansion deal with Coinbase, allowing users of the US-based exchange access to trade Solana-native tokens instantly.

The news came in hot at the ongoing Solana Breakpoint conference, with Solana’s official X account confirming this. The partnership gives visibility to every Solana token, enabling Coinbase’s over 100 million users access to them even without an official listing.

Every Solana Token Now on Coinbase

Specifically, Coinbase protocol specialist Andrew Allen announced today the launch of DEX trading, a platform that gives users access to the “millions of tokens” launched on-chain daily. This specific expansion to Solana gives customers early access to all tokens based on the network.

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Users can trade Solana-native tokens even without listing, giving them early access. As long as the tokens meet specific liquidity requirements, they will appear on the DEX trading platform accessible to over 100 million Coinbase customers.

Notably, this builds on an earlier decentralized exchange trading rollout for the Base network in October. US users, excluding New York residents, received access to tokens on Base upon launch and before being considered for traditional exchange listings.

Liquidity Boost and Early Trade Opportunities

Importantly, this will provide tons of opportunities for Coinbase, its users, and the Solana ecosystem. For developers, it offers instant liquidity perks, exposing their projects to the large user base of the top exchange. This is particularly beneficial for smaller projects, providing the exposure needed to advance their initiatives.

For Coinbase users, it will give them early access to Solana tokens, allowing them to explore the small-cap opportunities before other exchanges notice. Their incorporation in the Coinbase app also makes this trading experience seamless for users.

Meanwhile, the debut further strengthens Coinbase’s user appeal, positioning it as one of the top exchanges supporting innovations. Its strategic expansion into Solana, one of the most widely used networks in the crypto space, would increase its adoption.

Major Breakpoint Announcements

Notably, the Coinbase announcement is just one of the major disclosures at the ongoing Solana Breakpoint event. 

In addition to this, the Solana Foundation announced a partnership with Blockworks to launch Lightspeed IR. This will be the first dedicated investor relations platform, providing institutions with the analytical tools needed for profitable crypto exposure.

Among others, Solana also disclosed that Marketnode and Lion Global investors will be tokenizing their Singapore-vaulted gold fund on its network. This comes after a similar announcement for Bhutan.

The annual Solana Breakpoint event started today in Abu Dhabi and will run through December 13, featuring top industry figures such as Circle CEO Jeremy Allaire and Bybit CEO Ben Zhou.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Elendu Benedict
Elendu Benedict
Elendu Benedict is a refined cryptocurrency writer with over two years of experience in the field. With a thorough understanding of blockchain technology, cryptocurrencies, and market trends, as well as proficiency with ETFs, DeFi, and Web3, he specializes in writing engaging and educational articles on a variety of crypto-related subjects.

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