Coinbase, Exchanges

Can I Buy DeFi on Coinbase?

As the world’s largest cryptocurrency exchange, Coinbase has been a go-to platform for buying and selling Bitcoin, Ethereum, and other major digital assets. In recent months, the San Francisco-based company has expanded its offerings to include a number of new features and services, including staking, lending, and earning interest on digital assets.

One area that Coinbase has been notably absent from, however, is the burgeoning world of decentralized finance (DeFi). While a number of other exchanges offer users the ability to trade a variety of DeFi tokens and protocols, Coinbase has yet to add any such assets to its platform.

So, can you buy DeFi on Coinbase? The short answer is no. As of the time of this writing, there are no DeFi assets available for purchase on Coinbase.

NOTE: Warning: Coinbase does not currently support any DeFi (Decentralized Finance) trading or investing options. Any offers to buy DeFi on Coinbase should be treated with caution and thoroughly researched before taking any action. If a person or entity is claiming to offer DeFi on Coinbase, it is likely fraudulent and should be reported immediately.

However, that doesn’t mean that the exchange has no plans to add support for DeFi in the future.

In an interview with The Block earlier this year, Coinbase CEO Brian Armstrong said that the exchange is “absolutely” interested in adding support for DeFi protocols. Armstrong went on to say that Coinbase is “thinking about how we can participate in that ecosystem too.”

So while you can’t buy DeFi on Coinbase right now, it seems likely that the exchange will eventually add support for some of the leading protocols in the space. When that happens, Coinbase will almost certainly become one of the easiest places to buy and trade DeFi tokens.

Previous ArticleNext Article