Coinbase Expands DeFi Access in Brazil
Coinbase has announced the expansion of its “DeFi Mullet” DEX integration to Brazil, marking a major step in making decentralized finance (DeFi) more accessible in one of Latin America’s biggest crypto markets. With this update, Brazilian users can now access and trade over 10,000 tokens available on the Base blockchain—without leaving the Coinbase app.
This move reflects Coinbase’s broader mission to bridge traditional and decentralized finance. By offering users access to DeFi through a familiar, centralized interface, Coinbase simplifies what is often a complex process for newcomers.
Understanding the "DeFi Mullet"
The term “DeFi Mullet” refers to the combination of a user-friendly front-end, such as the Coinbase app, with a decentralized backend, like Base, an Ethereum Layer 2 network. This integration allows users to enjoy the convenience of a centralized exchange while benefiting from the permissionless, transparent nature of DeFi.
Through this integration, users can directly access decentralized liquidity and a wide array of token options. This is achieved without needing to deal with external wallets or complex interfaces, presenting an advantageous situation for both beginners and experienced traders.
UPDATE: Coinbase is rolling out its “DeFi Mullet” DEX integration to Brazil, giving users access to over 10,000 tokens on Base without leaving the Coinbase app. pic.twitter.com/2c5S5spc2O
— Cointelegraph (@Cointelegraph) November 20, 2025
Brazil's Growing Role in Crypto Adoption
Brazil has rapidly emerged as a leader in crypto adoption across Latin America. By launching DeFi Mullet in Brazil, Coinbase is tapping into a tech-savvy and mobile-first user base. This initiative also aligns with the growing interest in DeFi products among Brazilian users, who are actively seeking more control, lower fees, and wider asset access.
This integration has the potential to spark broader DeFi adoption in the region, as it provides users with seamless access to an ecosystem that was previously out of reach for many.