Coinbase Global (COIN) introduces DEX trading feature on its app for U.S. users, excluding New York. Users can now trade Base-native tokens and a wide range of decentralized assets, expanding from 300 to potentially millions of listed tokens, fostering liquidity growth and adoption for new projects.

With the DEX trading feature, Coinbase aims to bridge centralized and decentralized finance, offering a comprehensive trading ecosystem. This move aligns with CEO Brian Armstrong’s vision for the “everything exchange,” complementing other strategic expansions like tokenized equities and merchant payment capabilities.

In comparison, Robinhood Markets (HOOD) and Interactive Brokers Group (IBKR) offer similar DeFi capabilities, but with different approaches. While Robinhood focuses on DeFi-like features and multi-network token swaps, IBKR provides a limited set of vetted tokens to appeal to cautious investors and maintain compliance.

COIN’s stock performance has seen a 33.3% gain year to date, outperforming the industry. However, with a price-to-earnings ratio of 49.87 and a Value Score of F, COIN’s valuation appears expensive. Estimates for COIN’s 2025 and 2026 revenues indicate year-over-year increases, while EPS estimates show a decline, leading to a Zacks Rank #4 (Sell) for the stock.

Read more at Nasdaq: Coinbase Adds DEX Trading: Can it Unlock Millions of On-Chain Assets?