Coinbase Launches Solana DEX Trading for 100M Users

Coinbase has begun expanding its native support for Solana, introducing Solana-based DEX trading directly inside its app.

The move gives the exchange’s 100 million users immediate access to every token launched on Solana without waiting for listings, and it marks one of Coinbase’s most aggressive steps yet into permissionless markets, positioning Solana as a top priority in its broader product strategy.

Coinbase Brings Full Solana Token Access to Its App

During a presentation at the Solana Breakpoint 2025, Andrew, a protocol specialist at Coinbase, explained that the company wants to make the fast-growing Solana ecosystem easily reachable for everyday users.

According to him, Coinbase has now integrated DEX trading natively, allowing its app to support “the same easy-to-use interface… now allowing you to trade any token on Solana.”

He added that users can pay with USDC, cash, bank accounts, or debit cards, while builders no longer need a formal listing as long as their tokens have enough liquidity.

The Solana Foundation amplified the announcement on X, writing that “every Solana token will be available instantly to trade by 100 million users on Coinbase,” framing the development as a major expansion of the network’s reach.

At the same time, Solana highlighted the launch of Phoenix Perpetuals by Ellipsis Labs, adding to the momentum around Solana-native trading infrastructure.

Market Reaction

Despite the upbeat news cycle, SOL’s price has lost ground over the past month. At the time of writing, the token was trading around $131 after sliding roughly 6% in the last 24 hours and nearly 9% over the week.

The decline extends to a deeper 20% drop across 30 days, part of a wider slowdown that has pulled SOL down by about 40% from a year ago. Still, the trading volume remains high at more than $7.4 billion in the past day, reflecting active participation even during the pullback.

The broader context still matters. Solana is coming off a period of strong ecosystem expansion that includes rising institutional interest, with Invesco Galaxy’s Solana ETF reportedly close to launch, and growing traction for new DeFi tools.

The news is also encouraging for Coinbase, especially after reports nearly a month ago revealed the collapse of its planned $2 billion acquisition of stablecoin startup BVNK. Giving its estimated 100 million users instant access to every Solana token marks a significant step for both companies and sets the stage for heavier competition across on-chain trading platforms.

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