TLDR
- Coinbase’s DEX launch excludes New York due to local regulations.
- Noice saw immediate price gains after being listed on Coinbase’s DEX.
- Coinbase lists three altcoins: Noice, Syndicate, and Linea for trading.
- DEX services aim to broaden Coinbase’s decentralized finance offerings.
Coinbase has announced a major development with the launch of decentralized exchange (DEX) trading services for all US users, excluding New York due to local regulations. This expansion is paired with the listing of three new altcoins—Linea (LINEA), Syndicate (SYND), and Noice (NOICE)—which will begin trading on October 9, 2025. NOICE, a token exclusive to the BASE blockchain, showed the most immediate gains following the announcement, drawing significant attention from the crypto community.
Coinbase Introduces DEX Services in the US
Coinbase’s latest move comes as part of its strategy to increase its reach and services in the decentralized finance (DeFi) space. DEX trading is now available to users across the United States, except for those in New York, where the state’s regulatory framework prevents the service. The exchange also recently made strides towards broader integration with traditional finance (TradFi), including applying for a banking license.
As part of this expansion, Coinbase will list three new altcoins: Linea (LINEA), Syndicate (SYND), and Noice (NOICE). These tokens are set to go live on October 9, provided that liquidity conditions are met. The listing marks an important step in Coinbase’s strategy to broaden its asset offerings and appeal to decentralized markets. It is also seen as a way to further its relationship with the BASE blockchain, where Noice is exclusively native.
Performance of Newly Listed Altcoins
The three altcoins being listed by Coinbase each have unique features. Noice (NOICE) stands out due to its exclusivity to the BASE blockchain, which likely contributed to its strong performance following the announcement. Its price surged in the wake of the news, showing increased investor interest.
On the other hand, Syndicate (SYND) is available on both BASE and Ethereum, offering more flexibility for investors. Linea (LINEA), while not on the BASE blockchain, is expected to benefit from Coinbase’s wider ecosystem. Despite these differences, Noice showed the most immediate price gains, indicating its potential for further growth within the Coinbase platform.
Expansion into DEX and its Potential
Coinbase’s move into the decentralized exchange space signals a major shift for the company, marking its push to strengthen its position within the growing DeFi ecosystem. The launch of DEX trading services could attract more users who prefer decentralized platforms for trading digital assets. With the inclusion of altcoins like Noice, which is BASE-native, Coinbase is deepening its integration with the BASE ecosystem.
The exchange has also started offering perpetual contracts for Somnia, a token native to its own Layer-1 blockchain. These offerings add more variety to Coinbase’s platform, making it a more versatile player in the crypto exchange space. Although the inclusion of BASE-native tokens could benefit the exchange, it will be important to see how users and traders respond to the growing range of assets.
Risks and Concerns with the DEX Shift
Despite the growth potential, some analysts have raised concerns about the shift towards decentralized exchange services. They point out that increased decentralization may expose consumers to higher levels of risk compared to centralized exchanges. Users may face more challenges in terms of liquidity and security, especially as the exchange expands into newer and less-established markets.
The new direction is seen as a double-edged sword for Coinbase. While it offers access to a broader range of decentralized assets, it may also increase exposure to volatile or illiquid tokens. The company’s push to bridge the gap between traditional finance and decentralized finance could lead to more risks for consumers, especially if regulatory bodies start scrutinizing its decentralized operations more closely.
As Coinbase continues to expand its decentralized offerings, the exchange’s success will likely depend on how well it can manage the risks associated with DEX trading while maintaining its regulatory compliance across various jurisdictions.
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