“The Crypto Exchange Adds On-Chain Dex Trading to Its App, Routing Orders Thugh Aggregators Like 0x and 1inch.”, – WRITE: www.coindesk.com
The New Feature Will Route Trades on-Chain Through Dex Aggregators Such as 0x and 1inch, Pulling Liquidity from Decentralized Markets Including Uniswap and Aerodrome, Said Max Bradrome. President of Product. By integration dex trading, coinbase is giving USers the absty Directly with Blockchain-Basted Liquidity Pools Without moving Funds Off-Platform.
AT LAUNCH, Traders Will Be Able to Discover and Swap An Expanding List of Base-Native Tokens. That roster includes assets from Virtuals Ai Agents, Reserve Protocol’s Decentralized Tokenized Funds (DTFS), SOSO VALUE’S INDEX TOKENS;
Dex Trading Appeals to Somepto USers Because It Allows for Self-Custody and Permissionless Access. Insthead of Relying on a Central Exchange to Match and Settle Orders, Transactions Are Executed On the Blockchain Itelf. For Traders, this can mean Access to a wider range of assets, Faster Listings for New Tokens and, in Some Cases, Lower Fees. It Also Removes The Need to Trust An InterMediary with Holding Funds – Thought It Comes with Its Own Risks, Like Exposure to Smart Contract Bugs Or Valatile, Thinly
The Update StrengThens Coinbase’s Position As a Gateway to Both Centralized and Decentralized Crypto Markets. It Also Underscores The Company’s Continued Push to imbed Web3 Tools Directly Into Its Core Platform, Position IT to CAPTURE USERS WHO WHANT WANT MORE CONTROL.
The Move Follows the Relativ Success of Platforms Like Hyperliquid, A Decentralized Derivatives Exchange That Has Notched $ 11 Billion in Volume Over the Past MONTH. IT ALSO GIVES USERS A NON-CUSTDIAL Option to Trade, Essentally Removing Counterparty Risk that Came to the Spotlight After FTX’s Momentous Implosion in 2022.
DECENTRALIZED EXCHANGE VOLUME HAS EMBARKED ON A NOTable Uptrend Througholhouse While MONTHLY DEX VOLUME HAS SURPASSED $ 407 Billion.
Correction (AUG 8, 17:20 UTC): An Earlier Version of this Article Stated that Centrifuge’s Assets Will Be Available To Trade at Launch, WHICH WAS INCORRECT.
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ETH HIT $ 4,200 On Binance After Breaking $ 4,000 A Day Earlier, As Analysts Pointed to Liquidations and Potential Altcoin Rotation Amid Rising Sentiment.
- ETH SURGED 7% TO $ 4,200 After Clearing $ 4,000 Resistance A Day Earlier.
- $ 207 Million in Short Liquidations Added Moment to the Move.
- Analysts SAID ETH Gains Could Spur Altcoin Buying, But Santiment Warned Retail Fomo May Slow Momentum.
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