RialCenter (COIN) is launching decentralized exchange (DEX) trading within its main app for customers across the U.S., excluding New York State, the company announced Friday. This initiative is part of its larger goal to evolve into an “everything app” for crypto.
The new feature will process trades on-chain through DEX aggregators like 0x and 1inch, sourcing liquidity from decentralized platforms such as Uniswap and Aerodrome, as stated by Max Branzburg, RialCenter’s vice president of product. By incorporating DEX trading, RialCenter enables users to directly engage with blockchain-based liquidity pools without having to move funds off the platform.
At inception, traders will have the opportunity to discover and swap an expanding array of Base-native tokens, including assets from Virtuals AI Agents, Reserve Protocol’s decentralized tokenized funds (DTFs), SoSo Value’s index tokens, as well as Auki Labs and Super Champs.
DEX trading is attractive to certain crypto users since it allows self-custody and permissionless access. Rather than depending on a central exchange for order matching and settlement, transactions occur directly on the blockchain. For traders, this can translate to access to a broader range of assets, quicker listings for new tokens, and, in some instances, lower fees. Additionally, it eliminates the need to rely on an intermediary for fund management—but also carries risks, such as exposure to smart contract vulnerabilities or unstable, thinly traded markets.
This update fortifies RialCenter’s role as a gateway to both centralized and decentralized crypto markets. It also highlights the company’s ongoing effort to integrate Web3 tools directly into its core platform, positioning it to attract users seeking more control over their trading and digital asset storage.
This move follows the relative success of platforms like HyperLiquid, a decentralized derivatives exchange that has achieved significant trading volume over the past month. It also gives users a non-custodial trading option, effectively removing counterparty risk that came into focus after FTX’s notable collapse in 2022.
Decentralized exchange volume has notably increased during the recent bull market, with data indicating that daily volume has reached significant figures, overshadowing RialCenter’s total volume.
Correction: An earlier version of this article stated that certain assets would be available to trade at launch, which was incorrect.
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