When you trade on Coinbase, you do so using a verified account filled with your information. There are quite a few advantages decentralized exchanges hold over traditional exchanges - let's unpack them. Why use DeFi exchanges over Coinbase?Дecentralized finance is quickly innovating open financial technology, enabling people to become their own banks.ДЄmongst the deluge of DeFi protocols available today are Uniswap, Sushi, and PancakeSwap - three decentralized exchanges leading the charge against Coinbase. Will the challenge come from within the centralized tech industry from, say, Robinhood?ДЄccording to Coinbase's internal documents, the company believes the nascent but highly disruptive DeFi industry will mount the most substantial challenge. Now, Coinbase is the incumbent, and all challengers seek to disrupt it and restart the cycle. Such is the new normal phase for Coinbase, a stage verified by the Nasdaq COIN listing. The simplicity of buying crypto using Coinbase led many in the United States to equate the exchange with crypto itself. Coinbase turned buying crypto from a hackery experience into a simple one-click purchase similar to Amazon shopping during this time.

Over the next few years, the exchange received tens of millions of dollars in funding to bootstrap the disruptive phase of its operation. So far, Coinbase has trod the well-worn path of traditional centralized tech companies.Д¬oinbase delivered a prolonged period of innovation, beginning with its Bitcoin exchange services in 2012. After all, who can compete with an entity hiring Goldman Sachs execs as liaisons in Washington DC? To the untrained eye, Coinbase has the crypto exchange game wrapped up. Top 5 DEXВ as of May 2021 Coinbase is synonymous with crypto

List of defi coins on coinbase