Lucía Peña
Coinbase has announced a major integration of the 1inch Swap API into its app, a move designed to boost non-custodial token swaps and expand access to decentralized exchanges (DEXes). According to the companies, this marks 1inch’s largest U.S. partnership to date.
The integration highlights Coinbase’s growing commitment to decentralized trading. Back in August, the exchange revealed its plan to bring DEX trading directly into its platform, giving users access to millions of digital assets that were previously out of reach. The announcement came shortly after Coinbase reported a decline in both spot trading volume and Q2 revenue, signaling the company’s shift toward new growth strategies.
Why the 1inch Partnership Matters
By teaming up with 1inch, Coinbase aims to strengthen its market presence while offering customers a smoother DeFi experience. The 1inch ecosystem serves 25 million users and processes more than $500 million in daily trades, making it one of the most influential players in decentralized finance.
“Together we’re enabling seamless access to DEXes within the Coinbase app,” said Scott Shapiro, Coinbase’s Head of Trading.
Expanding Cross-Chain Liquidity
1inch has also been pushing forward on the tech side. In August, the platform launched native swaps between Solana and EVM-compatible networks, improving liquidity across multiple ecosystems.
Co-founder Sergej Kunz emphasized that 1inch’s non-custodial swap tools are ideal for centralized exchanges and traditional finance firms looking to securely bring assets on-chain.
Coinbase’s Bigger Vision
The expansion into DeFi aligns with Coinbase’s ambition to evolve into an “everything exchange.” The company envisions a platform where users can not only trade crypto but also buy tokenized stocks or place bets on real-world events, similar to prediction markets like Kalshi and Polymarket.
