Coinbase has significantly expanded its support for the Solana (SOL) ecosystem, announcing that it will now support Solana-based decentralized exchange (DEX) trading directly within its app. This will allow approximately 100 million users to instantly trade new tokens issued on Solana without waiting, marking a bold move by the centralized exchange to expand into the permissionless market.
This announcement was first made public at the Solana Breakpoint 2025 event in Lisbon, Portugal. Coinbase protocol expert Andrew emphasized in his presentation that "millions of assets are created on-chain every day, and these assets must be accessible to all users." He went on to explain that the Coinbase app now supports DEX trading for all Solana-based tokens, while maintaining a familiar interface.
Users can participate in transactions using Tether (USDC), cash, bank accounts, or check cards. Project developers and issuers can access the platform immediately, as long as they have sufficient liquidity (trading volume), without having to apply for a separate listing on a centralized exchange. This means they can connect directly with users in the market, without having to go through a listing review process.
The Solana Foundation also highlighted this news, describing it as a strategic turning point in network expansion, stating, "All Solana tokens will be immediately available to 100 million Coinbase users." The addition of Solana-based derivatives infrastructure, such as Phoenix Perpetuals, launched by Ellipsis Labs, is expected to further accelerate the expansion of Solana-centric DeFi.
However, the market reaction has been somewhat lukewarm. Solana is trading at approximately $131 (approximately KRW 193,400) at the time of writing, down 6% over the past 24 hours and approximately 9% over the past week. It's down more than 20% over the past month, representing a roughly 40% drop compared to last year. Nevertheless, daily trading volume remains brisk, exceeding $7.4 billion (approximately KRW 10.9252 trillion).
From Coinbase's perspective, this decision is interpreted as an attempt to explore new opportunities outside of regulatory risk. Coinbase's $2 billion (approximately KRW 2.95 trillion) acquisition of stablecoin startup BVNK fell through about a month ago. Consequently, Coinbase desperately needed a "next-generation trading model" to secure new liquidity within the company and retain users.
This integration is expected to be a powerful strategic move for both Coinbase and Solana in terms of decentralization, user accessibility, and simplified listing. Both companies are leading the way in the shift toward a DEX-centric ecosystem, and other centralized exchanges are likely to follow suit.
Article Summary by TokenPost.ai
๐ Market Interpretation
Both Coinbase and Solana have opened the door to "permissionless trading," entering the race to become the platform that enables liquidity-driven asset trading without regulation.
This is interpreted as an attempt to fully integrate with DeFi beyond the boundaries of centralized exchanges (CEX).
๐ก Strategy Points
If you're a Solana-based token issuer, you can immediately reach Coinbase users through liquidity and community without listing fees.
This could be an opportunity for new projects focused on utility tokens or DeFi services.
๐ Market Impact
Although prices are in a short-term downtrend, trading volume remains active, maintaining the foundation for liquidity.
This suggests that real user flows still exist within the platform.
๐๏ธ Regulatory Background
As centralized exchanges explore various liquidity inflow mechanisms beyond regulatory evasion, DeFi integration may become a survival strategy rather than a choice.
Coinbase's latest offensive can also be seen as a self-help measure in response to regulatory uncertainty in the United States.
๐ Glossary
- Permissionless
- A structure that allows anyone to participate in the network or trade assets without prior permission.
- DEX (Decentralized Exchange)
- A platform for trading cryptocurrencies based on smart contracts without third-party intermediaries.
- liquidity
- The market's ability to easily buy and sell assets. The higher the index, the lower the volatility and smoother the trading.
TP AI Precautions
This article was summarized using a TokenPost.ai-based language model. Key points in the text may be omitted or inaccurate.
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