Exploring the New Era of Decentralized Finance with Coinbase
In a groundbreaking move to broaden the horizons of decentralized finance (DeFi), Coinbase has unveiled an exciting feature that will enable users to trade millions of on-chain assets directly through its app. By integrating decentralized exchange (DEX) trading, Coinbase is set to offer seamless access to Base network assets on decentralized platforms, merging its reliable interface with the dynamic world of DeFi.
Revolutionizing On-Chain Trading
As announced recently, Coinbase’s innovative feature aims to make on-chain trading as straightforward and secure as traditional exchanges. This development opens up a world of previously inaccessible tokens and opportunities for many retail investors. The rollout has commenced for U.S. users, with the exception of those in New York State, and is scheduled to gradually extend to more regions and networks in the forthcoming months.
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The market’s reaction was immediate. Aerodrome Finance (AERO), a leading DEX on the Base network, witnessed a remarkable surge of over 28% within 24 hours following the announcement, as market participants anticipate increased trading activity and liquidity. With this integration, Coinbase is strategically positioning itself at the heart of the burgeoning on-chain economy, effectively bridging the gap between centralized and decentralized exchanges for millions globally.
Coinbase’s Strategic Expansion of On-Chain Access
Coinbase’s official statement details the rollout of its new DEX trading feature to select U.S. users, excluding New York State due to regulatory constraints. Upon launch, users will have the capability to explore and trade a growing list of Base-native tokens directly within the Coinbase application. This includes assets from prominent projects like Virtuals AI Agents, Reserve Protocol DTFs, SoSo Value Indices, Auki Labs, and Super Champs.
Coinbase plans a calculated expansion of its DEX asset listings over the coming weeks, with the objective of eventually supporting the full spectrum of Base network assets. Users are encouraged to regularly check the Coinbase app, as new tokens are being indexed daily.
With this update, traders can effortlessly execute transactions on popular decentralized exchanges such as Aerodrome and Uniswap, all within the familiar Coinbase interface. The system employs DEX aggregators to assess liquidity across numerous top-tier decentralized exchanges, ensuring that each trade is executed at the most competitive price available.
AERO Price Surge Following Coinbase’s Announcement
Aerodrome Finance (AERO) experienced a sharp price increase, currently trading at $1.05 after achieving intraday highs of $1.08. This rally coincides with Coinbase’s announcement of DEX trading integration, granting direct access to Base-native assets like AERO.
Technical Analysis: AERO’s Bullish Breakout
AERO’s breakout above the $0.90-$0.95 resistance zone marks a significant bullish milestone. The price has reclaimed all major moving averages, with the 50-day simple moving average (SMA) crossing above the 200-day SMA—forming a golden cross pattern, which often indicates a sustained uptrend. Additionally, the 100-day SMA is trending upwards, reinforcing the bullish momentum.
Immediate resistance is found near the $1.10 level, a crucial point from December’s consolidation range. Successfully surpassing this could pave the way toward $1.20 and possibly $1.35 in the near term. Conversely, $0.90 now serves as strong support, followed by $0.80 in case of a retracement.
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