Coinbase expands its DeFi Mullet decentralized exchange trading platform to Brazil, offering access to thousands of tokens within the Coinbase app. Users can trade without network fees using a self-custody wallet. Brazil’s new crypto regulations classify stablecoin transactions and self-custody wallet transfers as foreign-exchange operations.

DeFi Mullet is part of Coinbase’s vision to become an “everything app,” allowing users to trade globally 24/7. Coinbase is focused on advancing stablecoin adoption, tokenized stocks, prediction markets, and early-stage token sales. The company saw increased adoption of Base across various sectors in Q3 and added 2,772 BTC to its treasury.

Coinbase’s net income surged over fivefold to $432.6 million in Q3, with total revenue reaching $1.9 billion, up 55% from the previous year. Despite this, Coinbase shares (COIN) have fallen by 25.2% over the past month amid a broader market correction. COIN is now trading at a similar level to the beginning of 2025, while other crypto stocks have also declined significantly.

Read more at Cointelegraph: Coinbase to Expand DEX Trading Platform in Brazil