Coinbase has announced that it will begin offering decentralized exchange (DEX) trading on its app, initially allowing users to trade tokens from its Base network. The feature will launch for U.S. customers, enabling quicker access to new tokens that were previously limited to decentralized platforms. However, users in New York State will not have access to this feature. This move aims to enhance the availability of digital assets and positions Coinbase as an 'everything exchange' according to CEO Brian Armstrong. By providing access to new tokens without the need for traditional listings, the exchange seeks to attract both regular traders and developers looking to issue new cryptocurrencies. The initiative comes alongside a series of acquisitions made by Coinbase in its efforts to broaden its service offerings, including a significant deal to acquire options exchange Deribit. Despite this strategic growth, Coinbase's stock has recently faced challenges, with analysts downgrading its rating amid increasing competition in the stablecoin market and concerns over investor fatigue in the crypto space.

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