Coinbase launches DEX service for UK users

Coinbase has launched a decentralized exchange (DEX) service for its customers in the United Kingdom. The service, known as DeFi Mullet, is built on Base, Coinbase's Ethereum Layer 2 network, and was previously introduced in the United States and Brazil. In an interview with DL News, Coinbase UK CEO Keith Grose described the UK as the company's most important market outside the U.S. and a cornerstone of its operations. He stated that through DeFi Mullet, Coinbase aims to demonstrate to the UK government that DeFi can be safe when managed correctly. Grose also added that the company plans to launch multiple new services in the UK this year.