Is Coinbase considered a centralized exchange?

Coinbase is a centralized exchange , meaning it monitors transactions and secures assets on your behalf. In contrast, Exodus is a decentralized, or distributed, exchange. In this case, it provides the platform but doesn’t track your trading. Instead, it supports peer-to-peer (P2P) trading.8 Tem 2021

A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders . DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary.

Coinbase Wallet is a self-custody wallet that gives you complete control of your crypto. This means that the private keys (that represent ownership of the cryptocurrency) for your Wallet are stored directly on your mobile device and not with a centralized exchange like Coinbase.com.

Coinbase Wallet’s decentralized exchange (DEX) integration is a crypto conversion feature that lets you easily trade ERC-20 assets in your Wallet . When you use the Trade feature, you send your funds directly from your Wallet to a DEX service like Uniswap or 1inch.