Coinbase Launches DeFi Mullet to Brazilian Users

Coinbase Launches Base-Powered DeFi Mullet to Brazilian Users

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 20, 2025

Key Takeaways

Coinbase will expand its “DeFi Mullet” feature to Brazil, which allows users to trade tokens directly within the Coinbase app;
The service runs on Coinbase’s Base network and simplifies decentralized trading by removing technical barriers;
Users with self-custody wallets can trade without network fees, while Coinbase continues its push toward an all-in-one trading app.

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Coinbase $3.25B plans to launch its decentralized trading option, called "DeFi Mullet", for users in Brazil.

The feature lets people trade a wide range of tokens directly in the Coinbase app, without having to switch to other platforms.

The tool runs on Base, Coinbase’s own network built on Ethereum ETH $3,005.98 . It first became available in the United States on October 8.

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Its main goal is to make decentralized trading easier by removing the complicated steps that usually come with using DeFi platforms. According to Coinbase:

Using our DEX integration, users can trade on popular DEXs, like Aerodrome and Uniswap, without leaving the familiar ease of the Coinbase interface.

This means users can buy and sell on decentralized exchanges (DEXs) while still using Coinbase’s regular layout.

Those who connect a self-custody wallet can trade without paying network fees and keep full control over their tokens. Coinbase has not yet given a specific launch date for the feature in Brazil.

The new service is part of Coinbase’s larger plan to turn its app into an all-in-one trading platform. The company aims to give its more than 100 million users access to many types of digital assets and markets from anywhere, at any time.

Along with this expansion, Coinbase also supports Circle’s USDC USDC $0.9994 stablecoin, tokenized stocks, prediction markets, and new token offerings.

Recently, Jane Manchun Wong shared that Coinbase appears to be building a new website for prediction markets. What did she say? Read the full story.