Tl;dr: Coinbase Wallet makes it simple to trade tokens on your choice of network. This month, we expanded our trading features to support token swaps on BNB Chain and Avalanche.

By Catherine Shyu Sullivan, Senior Product Manager

More than $1 trillion were traded on decentralized exchanges (DEXs) in 2021 — a staggering 858% increase from 2020. Coinbase Wallet brings the expansive world of DEX trading to your fingertips, where you can easily swap thousands of tokens, trade on your preferred network, and discover the lowest fees.

Today, we’re providing even more reasons to trade on Coinbase Wallet. In addition to making swaps on Ethereum and Polygon, you can now trade on BNB Chain (formerly Binance Smart Chain) and Avalanche, letting you swap a greater variety of tokens than most traditional centralized exchanges can offer.

Decentralized exchanges are peer-to-peer marketplaces that enable transactions to occur directly between users, fulfilling one of crypto’s core tenets of fostering financial freedom without banks, brokers, or other intermediaries. DEXs also provide access to the emerging world of web3 through tokens such as ApeCoin, JOE, PancakeSwap and others.

Coinbase Wallet’s in-app DEX makes it easy to access these types of tokens through its trading feature, which compares rates across multiple exchanges through the 0x API and saves you the extra steps along the way. Adding support for networks such as BNB Chain, Avalanche, and Polygon means you can trade more tokens, faster, and with more affordable network fees (read more about those here).

It’s easy to get…

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