Coinbase Expands Solana Support with Native In-App DEX Trading and Strategic Developments in 2025
In 2025, Coinbase has significantly expanded its support for Solana tokens by activating native in-app decentralized exchange (DEX) trading. This feature enables users to perform on-chain swaps settled in USDC and offers fiat options including cash, bank accounts, and debit cards. The expansion is part of Coinbase's broader strategy to become an "everything exchange," combining custodial and on-chain trading within one platform.
Earlier in August 2025, Coinbase rolled out DEX trading for Base-network assets, further underscoring its commitment to integrated decentralized trading solutions. Additionally, a major step was taken with the announcement of Coinbase's acquisition of Vector, a Solana-native on-chain trading platform. Expected to close by year-end, this acquisition aims to improve trade speed, liquidity, and asset discovery specifically for retail traders.
Solana's DEX ecosystem has been robust throughout 2025, with reported volumes exceeding $1 trillion and daily 24-hour trading volume surpassing $4 billion. Nearly $94 billion in assets were traded over the past month. Leading DEX platforms such as HumidiFi, Pump, Meteora, Raydium, Orca, and Tessera V account for over 88% of daily trades.
October 2025 saw Coinbase extend DEX trading capabilities to its U.S. mobile app. However, New York users remain excluded due to local regulatory restrictions. The feature had been tested with smaller user groups since August before its broader rollout.
On December 5, 2025, a cross-chain bridge between Base and Solana was launched. Secured by Chainlink CCIP, the bridge facilitates the movement of SPL assets into Base and allows Base-native applications to access Solana liquidity. Despite criticism from Solana co-founder Anatoly Yakovenko, who characterized it as merely value capture, Coinbase’s Jesse Pollak defended the nine months of development effort. He emphasized demand from developers on both sides and highlighted the bridge's alignment with broader market trends and prior Ethereum developer collaborations.
International expansion has been part of Coinbase's 2025 agenda; November witnessed the launch of Coinbase Business in Singapore, while registrations in India were reopened on December 8, with a plan to restore fiat support in the country by 2026.
