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Coinbase updates DEX access policy with mandatory self-custody wallets
Coinbase announced that users wishing to trade on its DEX platform must first create a self-custody wallet, with trading subject to applicable terms, geographic restrictions, and potential fees.
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According to Coinbase, users who wish to trade on its decentralized exchange (DEX) platform are required to create a self-custody wallet before trading. Access to DEX trading is governed by relevant Terms of Service, and the software is provided by Coinbase Bermuda Technologies Ltd.
The DEX trading feature is not available in all locations, and fees may apply. No additional details were provided in the announcement.
Coinbase is a cryptocurrency exchange that serves users in over 100 countries and supports trading a wide range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and BitcoinCash. The platform offers web and mobile versions, robust security with offline asset storage, a free e-wallet, a virtual card, and educational resources that allow users to earn as they learn about crypto trading. For more details about its features and services, see the broker profile on Traders Union: Coinbase broker profile on Traders Union.
For more background, see the earlier news about Coinbase, which discussed sustained selling pressure and predominantly bearish technical signals that were influencing its recent price movements. To read the previous Coinbase update on Traders Union, click here.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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