Solana has announced that Coinbase will allow users to trade every token on the Solana network through its decentralized exchange integration, removing the need for each token to go through a formal listing process. The announcement was made during the Solana Breakpoint 2025 event and later shared again through the official Solana account on X.
With this update, Coinbase users can connect a Solana-compatible wallet and trade any SPL token as long as it has on-chain liquidity. Instead of appearing as listed assets on the centralized exchange, these tokens will be accessible through decentralized liquidity pools within the Solana ecosystem. The experience mirrors familiar Solana DEX routes such as Jupiter and Orca, but presented inside the Coinbase interface.
Coinbase previously opened similar access for assets on the Base network, allowing users to trade a wide range of tokens directly on-chain. Extending the approach to Solana broadens the number of tokens available to users and creates a more direct link between Coinbase’s user base and Solana’s on-chain markets. It also reflects the exchange’s continued effort to introduce on-chain trading tools without requiring users to switch platforms.
However, the openness of this system brings certain concerns. Solana is known for its high volume of new token launches, including many with limited credibility or unstable liquidity. Making all tokens accessible without the usual listing checks could expose traders to scams, poorly constructed projects, or assets created solely for quick speculation. Users may need to be more cautious when interacting with tokens that have no history, low liquidity, or unclear origins.
Even with these concerns, the update creates easier access to Solana markets and expands the range of tokens users can reach through Coinbase. It also highlights the growing connection between centralized exchanges and decentralized trading infrastructure.
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