Coinbase Opens Solana Dex Access As Cefi And Defi Converge 2025
Coinbase has plugged directly into Solana’s fast-growing DeFi ecosystem, letting users trade any Solana token via DEX rails without a formal listing.
Coinbase is moving deeper into the Solana ecosystem, letting users trade native Solana tokens through a decentralized exchange integration rather than traditional listings.
Andrew Allen, Coinbase protocol specialist, said in an X post that Coinbase now allows its users to trade all Solana (SOL) tokens through a decentralized exchange (DEX) integration, “without listings,” he noted, adding that “very soon you will be able to open the Coinbase app and see native Solana assets on Coinbase.”
“For issuers and builders, if your token has sufficient liquidity, this means you can be accessible to the millions of users on Coinbase without getting listed,” Allen said.
The announcement follows Coinbase’s integration of tokens from its Base blockchain through a similar DEX integration in early August. The announcement noted that the exchange planned to “expand DEX support to include additional networks, starting with Solana.”
Related: Coinbase to roll out its new ‘DeFi Mullet’ offering in Brazil
Coinbase’s integration comes amid a slew of developments in Solana's decentralized finance (DeFi) ecosystem.
Earlier Thursday, DeFi company Ellipsis Labs announced the launch of its Solana-based perpetual swap DEX. The announcement claims that the platform is fully onchain — including the risk and matching engine — allowing one to build on top of it. Still, the platform is currently in private beta and not yet open to the general public.
The launch coincides with a new “Solana Lending Markets Report 2025,” shared with Cointelegraph by DeFi infrastructure firm Redstone. The report argues that “DeFi strategies on Solana have reached institutional-grade sophistication” and points to strong growth in Solana’s onchain lending and trading activity.
Redstone claims that “Solana has become a dominant force in on-chain finance” and “processed $35.9 billion in peak daily DEX volume.” The company expects the next wave of growth to focus on “tokenized real-world assets and institutional capital deployment.”
Source: CoinTelegraph
