Get Started with Coinbase DEX gm Bankless Nation,
Crypto markets continued to take a hit Friday after an already-tough week for tokens. Today's Issue ⬇️ - ☀️ Need to Know: Tempo's Talent Win
One of the EF's top researchers gets poached. - 🗣️ Tactic: Checking Out Coinbase DEX
The DEX is now live for U.S. users.
Sponsor: Bit Digital — ETH treasury that combines the two greatest assets of our time: ETH & AI. . . . NEED TO KNOW Tempo Poaches EF Researcher - 🔷 Ethereum Foundation Researcher Dankrad Feist Joins Stripe-Backed Tempo. Feist's departure from full-time work at the EF comes amid increased corporate investment in building L1 blockchains.
- 💸 Ripple Labs Raising $1B for XRP Treasury Company. Some see the initiative as a savvy expansion, while others view it as a red flag for retail investors.
- 💰 Arthur Hayes’ Maelstrom Targets $250M for Private Equity Fund. The new fund will aim to acquire as many as six mid-sized crypto firms.
📸 Daily Market Snapshot: BTC dropped below $104K on Friday, its lowest point since June. This follows BTC ETFs seeing their biggest day of outflows in months yesterday as crypto markets continue to drag following last week's crash. | Prices as of 5pm ET | 24hr | 7d |  | Crypto $3.62T | ↘ 0.8% | ↘ 4.2% |  | BTC $107,303 | ↘ 0.4% | ↘ 6.3% |  | ETH $3,874 | ↗ 0.7% | ↘ 0.6% | . . . TACTIC A Closer Look at Coinbase DEX Coinbase is the centralized exchange of choice for many U.S. crypto users. Its incredible reach is why token projects have long coveted official listings on the platform. And while Coinbase recently revamped its listings experience with the rollout of its Blue Carpet program, the exchange's listings approval process is still manual and takes time. Naturally, this means there are many tokens that aren't and won't be available for trading on Coinbase. So, until last week, if you wanted to buy into a new project on Base, you had to move funds off the exchange to make the purchase yourself with an external wallet. Now, Coinbase is bridging this gap with its new Coinbase DEX offering, which just launched for American users in every state except New York (👎). How Coinbase DEX WorksCoinbase DEX lives inside the regular Coinbase app, but trades here happen onchain rather than in Coinbase’s order books. Only Base tokens are supported for now, with more networks slated to be added over time. When you make your first DEX trade, the app creates a self-custody wallet for you. This wallet is separate from your regular Coinbase account, and you hold the keys, so Coinbase can't move your funds. This flow is entirely abstracted away, though, so the UX looks just like buying and holding regularly does on the CEX. As for trading, you pay for your swaps by funding from your USDC balance or other holdings, e.g. ETH, on Coinbase. All swap fees are sponsored, and the tokens you buy settle into your self-custody wallet. Swapping is handled by supported DEX aggregators like 0x, which scan for onchain liquidity via venues like Uniswap, Aerodrome, and so on. Getting Started with Coinbase DEXYou can access Coinbase DEX in two ways. First, there's the Coinbase mobile app. Make sure your app is updated, and then scroll down on the "Home" page until you see the "DEX" button. Select that button, and then press "See all" to bring up the dedicated DEX hub. Alternatively, if you're signed in on the Coinbase website you can head to coinbase.com/leaderboards/dex. Whichever route you go, once you're on the hub you can find trending assets by category (e.g. Top gainers, Top losers, Most buyers, etc.), filter by market cap size, or use the search bar for manual searches. If you click into or search for a specific token, Coinbase will bring up a dedicated trading page like the one seen in the screenshot directly below. Notice the "DEX" tag next to the token name. Once you're in a token page, you can use the swap UI to trade as you please. Since the projects in Coinbase DEX haven't gone through the official listing process, though, you'll want to do your due diligence and verify all the basics before you make any trades. For this DYOR work, you can start with the "Insights" tab on any Coinbase DEX token page. This area shows basic resources like the token's address and website, market info like circulating supply, volume, and security details like whether the tokens are still mintable. As mentioned earlier, once you make any swaps here the tokens will appear normally in your Coinbase account as if you'd bought them from the CEX. Under the hood, however, the coins are housed in your self-custody wallet. The Bottom LineFor traders, Coinbase DEX gives onchain access without the usual friction. And the service is an immediate boon for Base projects, which now have expanded exposure to millions of U.S. users. Ultimately, this DEX hub is a new streamlined gateway to DeFi, memecoins, and beyond, so it's worth exploring sometime, particularly if you're already active on Coinbase. FRIEND & SPONSOR: BIT DIGITAL Bit Digital: The premier ETH treasury that combines the two greatest assets of our time—ETH & AI compute. Harness massive Ethereum holdings with institutional-grade staking for optimized rewards, while powering cutting-edge AI infrastructure for unparalleled innovation. Unlock the future of digital assets where blockchain meets intelligent computing. *We’re being compensated by Bit Digital (NASDAQ: BTBT) for this ad promoting their company and BTBT. The compensation is paid in cash as a one-time payment. You can find additional information about Bit Digital and BTBT on their Investor page at bit-digital.com/investors. Not investment advice. | 
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