cbBTC is live on @arbitrum.

cbBTC is an ERC-20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.

It is natively available on Arbitrum and securely accessible to more users across the Ethereum ecosystem.

Start using cbBTC on day one ↓ @0xfluid, @RamsesExchange, @CamelotDEX, @SolvProtocol, @CoWSwap

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.

cbBTC is live on @solana.

cbBTC is an SPL token that is backed 1:1 by Bitcoin (BTC) held in custody by Coinbase.

This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

Here’s what you can do with your cbBTC on day one ↓ @JupiterExchange, @MeteoraAG, @KaminoFinance, @jito_sol, @PhoenixTrade, @DriftProtocol, @RaydiumProtocol, @orca_so, @save_finance, @ManifestTrade, @LoopscaleLabs

cbBTC is onchain.

cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.

This means millions of BTC holders can now securely access DeFi apps on @base and Ethereum ecosystems—with more chains coming soon.

Here’s what you need to know ↓ cbBTC is available on
@AerodromeFi, @CurveFinance, @aave, @compoundfinance, @MorphoLabs, @MoonwellDeFi, @sparkdotfi, @veda_labs, @mellowprotocol, @DefinitiveFi, @deBridgeFinance, @ChronicleLabs, @BlockAnalitica, @SteakhouseFi, @gauntlet_xyz, @maplefinance

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.

Perpetual futures have arrived: Coinbase Advanced customers in eligible non-US geos can now trade BTC, ETH, LTC, and XRP perpetual contracts.

Learn more at → coinbase.com/perpetuals
The global derivatives market represents ~75% of crypto trading volume worldwide, and our traders tell us they need access to products like perpetual futures on a trusted platform.

1/ Money is always changing. In 10,000 BC, the goat was traded within the ancient barter system and utilized the consensus mechanism Proof of Goat. Don’t fact check that second bit. twitter.com/i/web/status/1… 2/ 5000 BC: Chickens were traded as well, as were their eggs. Too bad they missed the egg bull run of 2023.

1/ Mortgage rates in Mozambique have reached as high as 22%. Much of the population along the coastline can’t get a loan to buy a house, and shelters built by hand get destroyed by cyclones.

A quick look at how crypto can update the system to help get people in safer homes.🧵 2/ Mozambicans are being excluded from home ownership even though they have enough income to afford a house. Because that income is informal rather than salaried, they’re being shut out of the traditional mortgage process.

Our Q1'23 financial results are in and our letter to shareholders can be found on the Investor Relations website at 🔗 investor.coinbase.com We’ve been focused on building an increasingly efficient business that can do more for less. We reduced costs, doubled down on operational excellence and risk management, while continuing to drive product innovation and regulatory clarity.

1/ The community is clearly fired up about sensible crypto policy. Here’s how to continue the support 👇

1️⃣: Mint a Stand With Crypto commemorative NFT
2️⃣: Add a shield emoji next to your Twitter display name 🛡️

🔗 coinbase.com/standwithcrypto 2/ The commemorative NFT features a blue shield, representing our collective stand to protect and promote the potential of crypto.

Since 2018, Australia has been advancing its native crypto industry, with local policymakers releasing frameworks and piloting initiatives that encourage both home-grown and imported innovation 🇦🇺
coinbase.com/blog/australia… Coinbase is proud to be a part of this vibrant crypto ecosystem. In the last six months alone we have registered with @AUSTRAC , become a Board member of @BlockchainAUS, and partnered with several local Web3 ecosystem players.

1/ One year ago, the UK announced its ambition to become a leading crypto hub, a policy driven from the highest levels of government. Since then, the UK has been one of our fastest growing markets.
coinbase.com/blog/europe-is… 2/ In a few weeks, our leadership team will visit the UK to meet with policymakers, regulators, media and to engage with the wider crypto community.

1/ Ethereum’s Shapella Upgrade is almost here. The upgrade will enable unstaking for the first time since ETH staking was introduced in December 2020. Here’s what you need to know. 🧵 2/ The Ethereum Merge transitioned the network from proof-of-work (PoW) to proof-of-stake (PoS) in September of 2022, making it more secure, energy-efficient, and better for implementing new scaling solutions. However, users were not yet able to unstake their ETH.

1/ What does Hollywood have to do with crypto?

Right now, 5 big studios control 80% of box office revenue. That is some serious centralized power. Come along for a quick story about how crypto is empowering filmmakers and audiences outside of the traditional studio system…🧵 2/ Meet @Julie_Pacino. She is a writer, director, and NFT artist. For the last several years, Julie has embraced the opportunities web3 provides for creators and filmmakers to explore alternative ways of building communities and financially supporting new artistic visions.

1/ Introducing our new web3 discovery surface, coinbase.com/web3. Explore the best dapps web3 has to offer, including:

🖼️ NFTs
🤑 Ways to earn more crypto
💬 Decentralized social networks
🎮 Web3 games and more! 2/ Just click on any dapp to learn more about it. You'll find information on its overall ranking + similar dapps that might be of interest.

Here are more reasons to check it out:

It’s time to update the system. If you’re wondering why, and you don’t have a copy of our ad in today’s @washingtonpost, read on.👇🧵 2/ American financial institutions are an essential part of the traditional finance system, but they rely on outdated technology invented before the internet that isn't serving them or their customers. Crypto can help.

1/ Today we introduce Wallet as a Service, making it easier for any company or brand to seamlessly onboard their users to web3 🛠️⛓️

...even if they have never used cryptocurrency before. 2/ Wallet as a Service is a scalable and secure set of wallet infrastructure APIs, enabling companies to create and deploy fully customizable onchain wallets.

1/ The last 12 months have shown the power and potential of crypto. We are proud to be part of this community and inspired to spotlight stories of hope from entrepreneurs around the world. So, for anyone wondering 'Why crypto?' read on.👇🧵 2/ Crypto is fast

The morning Russia went to war with Ukraine, lines formed at ATMs as banks limited withdrawals. Traditional wire-transfers take days to arrive, but crypto offered a lifeline for families needing immediate access to funds for food, shelter & medical supplies.

At Coinbase all client funds continue to be safe, accessible & available.

In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate. Coinbase will be facilitating institutional client cash transactions with our other banking partners and have taken proactive action to help ensure that clients experience no impact from this change.

1/ It’s time to advance pro-crypto policy in all 435 Congressional Districts across the U.S.

Introducing #Crypto435, our campaign to grow the crypto advocacy community and share tools and resources to make your voice heard.

Become an advocate today 👇 actnow.io/z31xN5P 2/ If you believe in crypto and the potential of web3, now is the time to make your voice heard with legislators and regulators.

1/ 🔵 We’re excited to announce @BuildOnBase.

Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps.

Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy. 2/ Important: Base is *not* a token

We do not plan to issue a new network token for Base and will use ETH as the native gas token.