Coinbase, Exchanges

Can I Buy DeFiChain on Coinbase?

Decentralized finance—often called “DeFi” for short—refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. From lending and borrowing platforms to stablecoins and tokenized BTC, the DeFi ecosystem has launched an expansive network of integrated protocols that anyone can access.

The comprehensive list of DeFi applications and platforms can be found here.

The explosive growth of the DeFi ecosystem over the past year has led to a parallel boom in the value of ETH, which is currently trading at all-time highs. While a number of factors have contributed to ETH’s price appreciation, the emergence of DeFi protocols as major players in the cryptocurrency space is a key development.

NOTE: Warning: Coinbase currently does not support the trading of DeFiChain on its platform. Trading in any cryptocurrency involves significant risks, including price volatility and the potential for loss of your entire investment. Make sure you understand the risks associated with trading in DeFiChain before investing any funds.

With the rise in popularity of DeFi protocols, many users are wondering if they can purchase DeFiChain (DFI) on Coinbase. Unfortunately, Coinbase does not currently offer DFI trading pairs.

However, Coinbase does offer a few select DeFi protocols, including Maker (MKR) and Compound (COMP).

If you’re looking to purchase DFI, you will need to use a different cryptocurrency exchange that offers DFI trading pairs. Binance is one popular option that offers a wide variety of crypto assets for trading.

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