Coinbase integrates the Jupiter Exchange DEX aggregator, allowing users to directly trade Solana 's native Token within the platform, using their Coinbase balance and existing payment methods via a self-custodial wallet.
This move utilizes Jupiter as an on- chain order matching tool for Solana, giving users quick access to many Solana assets without waiting for the lengthy listing process on a centralized exchange.
- Coinbase connects Jupiter to facilitate Solana Token trading within the app.
- Transactions are conducted using a self-custodial wallet; payments are made from Coinbase's balance and fiat channels.
- Jupiter aggregates liquidation for the Solana DEX; transactions are settled on-chain .
What benefits do users get from the Coinbase x Jupiter integration?
Coinbase users can trade Solana 's native Token directly within the platform, using their Coinbase balance and existing payment methods, via a self-custodial wallet.
The integration is described as allowing transactions to take place directly within the Coinbase experience, instead of having to switch to another app to access the DEX. The highlight is the self-custodial wallet mechanism: users trade through a wallet they control themselves, while still leveraging Coinbase's account and deposit/withdrawal channels.
The practical benefit is instant access to the Solana ecosystem. Instead of waiting for an asset to be listed through a lengthy process on a centralized exchange, users can access many Solana assets through on- chain DEX liquidation .
The role of Jupiter and how trades are executed.
Jupiter acts as an execution engine, aggregating liquidation from Solana 's on-chain DEXs, optimizing transaction paths, and settling transactions on the chain.
According to the integration plan, Jupiter is responsible for order matching by aggregating liquidation from multiple sources on Solana, then automatically selecting the optimal path to execute the transaction. on-chain settlement means the transaction results are recorded directly on the Solanablockchain .
Coinbase handles the user access layer, fiat channels, and user experience. This structure clearly separates the on-chain order matching (Jupiter) and the user distribution, payments, and UX (Coinbase) aspects, aiming to expand the range of Solana assets that users can trade instantly.
