• DeFi Mullet integrates popular DEXs like Aerodrome and Uniswap into Coinbase’s interface for seamless trading.

• Built on the Base layer-2 network, it simplifies DeFi access while maintaining user control via self-custody wallets.

• Brazil’s expanding crypto regulations now oversee stablecoins and wallet transfers as foreign-exchange activities, aligning with global frameworks adopted by over 70 countries.

Coinbase DeFi Mullet launches in Brazil, offering 10,000+ tokens on Base network. Trade DEXs seamlessly without fees or leaving the app. Explore DeFi evolution now! (148 characters)

What is Coinbase’s DeFi Mullet Platform Launching in Brazil?

Coinbase’s DeFi Mullet is a decentralized exchange integration that allows Brazilian users to access thousands of tokens through familiar app interfaces, powered by the Ethereum layer-2 Base network. Launched in the U.S. on October 8, 2024, it abstracts DeFi complexities, enabling trades on platforms like Aerodrome and Uniswap without additional steps. This expansion follows Brazil’s new regulations classifying certain crypto activities under banking oversight.

Source: Brian Armstrong

How Does DeFi Mullet Simplify Trading for Brazilian Users?

The DeFi Mullet feature lets users trade without network fees by utilizing self-custody wallets, ensuring they retain full control over assets. Coinbase highlighted that this integration maintains the platform’s user-friendly design while connecting to established DEXs. As Brazil’s 215 million residents navigate evolving crypto rules—including taxes on international payments under the Crypto-Asset Reporting Framework—this tool provides efficient access to DeFi protocols. According to Coinbase’s announcement, the rollout timeline for Brazil remains unspecified, but it builds on the U.S. launch’s success in boosting adoption for trading, payments, and lending applications.

This development occurs against Brazil’s regulatory shift, where stablecoin transactions and some self-custody transfers are treated as foreign-exchange operations. The country, with its large population, is aligning with international standards committed to by more than 70 nations, potentially enhancing compliance for platforms like Coinbase.

Frequently Asked Questions

What Tokens Can Brazilian Users Trade on Coinbase’s DeFi Mullet?

Brazilian users will gain access to over 10,000 tokens via DeFi Mullet, including those on popular DEXs like Aerodrome and Uniswap, all without exiting the Coinbase app. This self-custody approach avoids network fees and simplifies DeFi entry, supporting Brazil’s growing crypto market under new banking-style regulations. (48 words)

Why is Coinbase Expanding DeFi Mullet to Brazil in 2025?

Coinbase is bringing DeFi Mullet to Brazil to support its vision of an everything app, offering 24/7 global trading to over 100 million users. This includes advancing stablecoins like USDC, tokenized assets, and prediction markets, while leveraging Base’s innovations like Flashblocks for faster transactions. The expansion aligns with Brazil’s regulatory environment, promoting secure DeFi adoption. (62 words)

Key Takeaways

• Seamless DeFi Access: DeFi Mullet integrates DEX trading into Coinbase’s app, allowing Brazilians to handle over 10,000 tokens with self-custody control and no extra fees.
• Regulatory Alignment: Brazil’s 2025 crypto rules classify stablecoins and wallet transfers as foreign-exchange, supporting frameworks like the Crypto-Asset Reporting Framework for transparency.
• Broad Platform Vision: As part of Coinbase’s everything app strategy, this includes Bitcoin treasury growth to 14,548 BTC (valued at $1.3 billion) and Q3 revenue up 55% to $1.9 billion.

Conclusion

Coinbase’s DeFi Mullet expansion to Brazil marks a significant step in democratizing decentralized exchange trading, leveraging the Base network to simplify access amid tightening crypto regulations in Brazil. With enhanced oversight on stablecoins and global reporting commitments, this launch empowers users with secure, efficient DeFi tools. As Coinbase pursues its everything app ambitions—including tokenized stocks and rapid transaction features—investors and traders in Brazil can anticipate greater integration of traditional finance with blockchain innovations, fostering long-term market growth.

Coinbase’s commitment extends to building a robust Bitcoin treasury, adding 2,772 BTC in the third quarter to reach 14,548 BTC, valued at approximately $1.3 billion. This follows a strong financial performance, with net income surging over fivefold to $432.6 million and total revenue climbing 55% to $1.9 billion year-over-year. Base network adoption has also risen in areas like trading, payments, lending, and social applications, bolstered by features such as Flashblocks for 200-millisecond block times.

Despite these advancements, Coinbase shares (COIN) have remained steady since the start of 2025, trading around $257.29 after a 25.2% monthly dip amid broader market corrections. Comparatively, other crypto-related stocks like MARA Holdings and Strategy have declined more sharply, by 33.8% and 35.6% respectively over the same period.

The platform’s broader strategy emphasizes stablecoin adoption through Circle’s USDC, alongside explorations in tokenized stocks, prediction markets, and early-stage token sales. This holistic approach positions Coinbase to serve diverse user needs globally, particularly in emerging markets like Brazil where regulatory clarity is enhancing crypto legitimacy.