Coinbase opens Solana DEX access as CeFi and DeFi converge

Coinbase is expanding its integration into the Solana ecosystem by enabling users to trade all native Solana tokens directly through a decentralized exchange (DEX) integration, meaning issuers do not need a formal listing if their token has sufficient liquidity. This move follows a similar integration for tokens on Coinbase's Base blockchain and signals Coinbase's plan to expand DEX support to more networks. This development occurs as Solana's DeFi ecosystem sees significant growth, with reports indicating institutional-grade sophistication and strong onchain activity. Furthermore, this integration exemplifies a broader industry trend where centralized exchanges (CeFi) are increasingly acting as user-friendly front ends for DEX platforms, a shift supported by DEXs offering growing liquidity, faster execution, and lower fees, challenging the dominance of centralized trading volumes.

(Source：Cointelegraph)