The integration gives Coinbase users access to on-chain token trading.<\/p>\n
1inch, a decentralized finance (DeFi) aggregator, has integrated its Swap API into the Coinbase<\/a> app, which has about 120 million monthly users, the companies revealed Wednesday evening.<\/p>\n The integration lets users of Coinbase\u2019s decentralized exchange (DEX) feature perform non-custodial token swaps directly from their own wallets. The deal marks 1inch\u2019s largest U.S. client to date, according to a press release viewed by The Defiant. 1inch boasts 25 million users and averages over $500 million in daily trading volume.<\/p>\n The move highlights growing mainstream adoption of DeFi as platforms continue to add on-chain services to retain users. The total value locked (TVL) in DeFi has surged to $163 billion<\/a> this year, per DeFiLlama.<\/p>\n It also reflects a broader trend of exchanges evolving into so-called \u201cuniversal exchanges\u201d (UEXs), offering more than just trading, such as access to on-chain tokens and tokenized real-world assets. The Defiant recently reported<\/a> that the UEX trend is driven in part by recent pro-crypto regulations<\/a> in the U.S.<\/p>\n \u201cWe are no longer just looking to unify DeFi; our vision extends to all financial markets,\u201d said Sergej Kunz, co-founder of 1inch. \u201c1inch\u2019s non-custodial swap products are the ideal solution for centralized players across both crypto and TradFi as they move to bring assets on-chain in a seamless and secure way. It\u2019s great to see Coinbase getting ahead of this shift; others will inevitably follow.\u201d<\/p>\n The move also comes amid a growing trend of U.S. crypto and fintech companies like Coinbase endeavoring to build \u201csuper apps.\u201d<\/a> This refers to platforms that bundle financial and communication services, a model long popular in Asia.<\/p>\n In July, Coinbase rebranded its non-custodial wallet as the Base app, announcing plans to consolidate trading, payments, social features, messaging, and mini-apps into a single platform. CEO Brian Armstrong has stated since 2023 that the exchange aims to become a \u201csuper app.\u201d<\/p>\nThe Growing Idea of the \u201cSuper App\u201d <\/h2>\n