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Coinbase Adds 1inch Swap API to Enable In‑App Non‑Custodial Token Swaps

The partnership targets user re‑engagement through onchain trading to help diversify revenue.

Overview

  • Coinbase users can now execute onchain swaps from self‑custodied wallets without leaving the app.
  • 1inch’s Swap API aggregates quotes across multiple decentralized exchanges to improve pricing, deepen liquidity, and reduce slippage for larger trades.
  • 1inch named Coinbase its most significant U.S. client as it grows its software‑as‑a‑service offering.
  • Coinbase positions the upgrade within a broader DeFi expansion following a 26% Q2 revenue decline tied to weaker spot trading volumes.
  • The integration builds on Coinbase’s earlier in‑app DEX rollout and leverages 1inch’s recent Solana–EVM routing work to address fragmented liquidity.