Coinbase Gives On-Chain Trading Access to All Solana Tokens

• The Launch: At Solana Breakpoint 2025 in Abu Dhabi, Coinbase unveiled a DEX-style trading integration that allows users to trade Solana token immediately upon issuance, bypassing the traditional listing process.
• The Tech: While the user interface remains the familiar centralized Coinbase dashboard, the backend routes orders directly on-chain, effectively functioning as a gateway to the entire Solana ecosystem.
• India Return: Separately, Coinbase has reopened registration in India, offering crypto-to-crypto trading now with a planned fiat on-ramp rollout scheduled for 2026.

Coinbase has fundamentally altered its listing mechanics for all tokens on the Solana network, announcing a new “on-chain trading” system that removes the exchanges traditional gatekeeper role.

Revealed at the Etihad Arena during the Breakpoint 2025 conference, the feature is designed to give retail users instant access to the “long tail” of Solana assets without leaving the regulated environment of the Coinbase app.

Although the trading screen resembles the companys existing interface, the order execution, routing, and slippage controls all operate through on-chain logic. Sachdeva noted that the design makes the experience appear unchanged to users while shifting core processing away from centralized infrastructure.

Direct Access to ‘Millions’ of Assets

Andrew Allen, Coinbases Solana product lead, framed the move as a shift from curation to open access. “The goal is to make the millions of new assets created on-chain immediately accessible to all users,” Allen stated.

In a live demonstration, software engineer Sabs Sachdeva showcased the workflow:

• The Interface: Looks identical to the standard Coinbase trading screen to minimize user friction.
• The Execution: Instead of matching on Coinbases internal order book, trades are routed directly to on-chain liquidity pools (DEXs) on Solana.
• The Result: Token issuers no longer need to lobby for a Coinbase listing; if a token has on-chain liquidity, it is theoretically tradable on Coinbase immediately.

Redesigned UI for the On-Chain Era

To support this functionality, the exchange introduced a specific UI overhaul for Solana users. The updated dashboard features dedicated filters for Solana-native assets and real-time visualization of on-chain portfolios alongside standard custodial holdings (like BTC or ETH).

Sachdeva emphasized that while the backend logic handles complex routing and slippage controls via smart contracts, the frontend preserves the “one-click” simplicity that retail investors expect from a centralized exchange.