Coinbase focuses on on-chain transactions and DEX growth
Coinbase bets heavily on DEX with $10 billion Deribit Acquisition
CEO Brian Armstrong expects decentralized exchanges (DEXs) to eventually surpass centralized exchanges (CEXs) in trading volume. Coinbase is heavily investing in this area, highlighting its determination to enhance its capabilities and plans in DEX to enable front-running through the Coinbase wallet. The acquisition of Deribit for $10 billion underscores this shift, allowing Coinbase to expand its reach into derivatives and strengthen its financial offerings.
By pursuing on-chain transactions and expanding globally, Coinbase aims to capitalize on new opportunities. Additionally, its products like USDC are expected to benefit. As part of this international expansion, the company obtained a license in Argentina and completed regulatory processes in India, paving the way for deeper market penetration.
Community and market reactions have varied, with some praising the vision for the future of exchanges, while others expressed skepticism due to the inherent risks in DEXs. Coinbase remains undeterred, affirming that diversification aligns with their long-term vision