• Started rolling out DeFi lending, where you can earn more on your USDC. Currently up to 7.4%.
• Listed two new local stablecoins: $AUDD and $XSGD.
• @base began exploring a network token, but has no definitive plans.
• Launched the first US future to give exposure to tech stocks and crypto at the same time, the Mag7 + Crypto Equity Index.
• Partnered with @Google to bring stablecoin payments to AI agents, with x402 powering the stablecoin rail inside Google’s new Agentic Payments Protocol.
• Built a @solana ⇌ @base bridge.
• Introduced USDC rewards in Canada. Earn 4.1% uncapped, and up to 4.5% with a Coinbase One membership.
• Partnered with @moonshot, making USDC the official stablecoin across their products, bringing USDC to 1M+ traders on Solana.
• Expanded the Coinbase Advanced VIP program globally, including into the US. Includes perks like lower fees, premium merch, complimentary Coinbase One Premium, and much more.
• Brought in @catferdon as our new Chief Marketing Officer.
• Launched @CoinbaseMarkets, our new source of truth for Coinbase listings and market insights.
• Raised max leverage from 20x to 50x on international perpetual futures.
• Sent invites to every Coinbase One member on the card waitlist.
• Added support for Solana to x402.
• @AmericanExpress launched travel stamp NFTs on Base.
• Welcomed the @holdsensible leadership team to Coinbase.
• Re-architected the payments flow for USDC on Base. Receive latency is down 90%, from 20s to ~1s, and send latency is down 50%, from 5.5s to ~2s.
• @ycombinator put out a request for onchain startups on Base.
Onwards.
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Meet the Coinbase 50 Index (COIN50), a whole new way to track the performance of the cryptoeconomy. coinbase.com/coin50
A benchmark representing the top 50 eligible digital assets, all in one easy-to-follow index.
COIN50’s index methodology builds on a three-year track record of Coinbase Asset Management index experience and has been developed in partnership with @MarketVector.
So you think you can HODL... here's what it means 🧵
Crypto bull cycles hit different.
The past two bull markets lasted 3.5 years. We’re 1.5 years in.
The past two bull markets saw prices increase 113x and 19x. Prices have increased 4x.
There have been 5 bitcoin bull markets. In an average bull market, you will have to survive the following to ride it to the top:
Six 5-10% drawdowns
Three 10-20% drawdowns
Two 20-30% drawdowns
One 30-40% drawdown
One 40-70% drawdown