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Institutions in the US and other eligible regions can now access global crypto derivatives through Coinbase Prime.
Spot. US futures. Custody. Financing. And now, global options and perps.
All in one place, with a unified view of positions and consolidated reporting.
No more tradeoffs.
One regulated access point to spot, US futures, global options and perps. One margin framework. Assets held in qualified custody, now backed by an OCC-approved federal charter.
Why Coinbase is the best place for institutions ↓
It’s still early for stablecoins.
Their market cap is measured in hundreds of billions of dollars, but they’re starting to scale.
@bretttejpaul sees this new wave of adoption moving fastest with payment providers and then spreading across the banking system.
Banks like @Citi and @PNCBank are laying the groundwork, together with Coinbase.
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"There's an insatiable appetite amongst global citizens for US equities."
@johnjdagostino on tokenized equities and expanding access to US capital markets to the rest of the world ↓
200+ funding rounds. $377B in assets on platform as of Q3’26. The world's largest qualified custodian.
Coinbase offers the infrastructure behind every stage of the token lifecycle.
From raise to scale, everything an issuer needs in one place.
Learn more ↓
coinbase.com/blog/coinbase-t…
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The federal standard in digital asset custody.
Custody has been foundational to @coinbase for over 14 years. We safeguard more than 12% of the total crypto market cap.
The OCC-approved Coinbase National Trust Company builds on the foundation we set with NYDFS to bring a uniform federal framework to our custody services.
We’re helping banks adopt stablecoins.
@PNCBank's institutional clients can now receive USDC payments.
24/7 markets have been live on Coinbase Derivatives for 18 months.
At FIA Expo, @Coinbase Derivatives CEO Eelke Jan Tuininga joined industry peers to discuss what the broader market still needs to make around-the-clock trading the industry standard.
Collateral mobility is the #1 obstacle to adoption. The solution? Our new USDC-native clearinghouse settles 24/7, so collateral can move when markets do.
Markets also need:
→ Steady demand
Operating 24/7 carries real cost; providers need volume to justify it. With retail participation rising and event-based hedging growing, demand continues to build.
→ Weekend liquidity
Quality market makers providing depth across every asset.
→ Risk controls
Safeguards that hold through large weekend moves.
The broad crypto market (as represented by the COIN50 Index) fell 9.33% in October, driven by hot inflation readings, elevated interest rates, and broad-based risk-off sentiment across asset classes.
In our monthly COIN50 recap thread, we review market performance, catalysts, and more.
Binance’s reported hot wallet incident has understandably left customers asking how Coinbase protects customer assets from something similar happening here.
Here are five key measures we take to safeguard the $375+ billion of assets on the Coinbase platform:
1. Keeping most assets offline: Over 99% of customer assets are held in cold storage.
2. Applying protections to how assets move: To help verify that fund movements match their intended purpose we use multiple layers of protection including distributed key protection, rate limits, anomaly detection, and kill switches.
3. Holding all customer assets 1:1. We never lend or use those assets unless customers instruct us to.
4. Employing an industry-leading security team. Coinbase is held to the standards of the largest financial institutions: Our U.S. custodian is a fiduciary under New York law, and in Europe Coinbase is authorized under MiCA and supervised by Luxembourg's CSSF.
5. Continuously improving safeguards and monitoring for threats: AI is rapidly changing the security landscape, and, in response, Coinbase will continue to invest in best-in-class security innovation.
Learn more about how we protect customer assets ↓
Users come to Coinbase to keep their money secure. We make sure that stays true.
Secure custody is daily work for us, not a one-time achievement.
That means 1:1 backing, >99% of funds in offline cold storage today, audited financials, key splits, no single points of failure and so much more.
Find out about that so much more here ↓
coinbase.com/blog/how-coinba…
Perpetual futures took center stage at FIA Expo.
@bilyevsky joined industry leaders to break down contract mechanics, surging demand, and what’s next for the asset class.
Key takeaways
→ Structural efficiency: With an automated funding rate mechanism and no expirations, perps eliminate traditional contract frictions.
→ Growing demand: Adoption is accelerating across retail and institutions for both hedging and efficient exposure.
→ The next evolution: Perps are expanding beyond crypto and transforming broader markets.
Single stock perps are coming soon to @Coinbase.
Falling into fall
→ Trading activity cooled in October as spot, perp, and term futures volumes all fell.
→ Options bucked the trend, with volume (+9%) and open interest (+10%) both rising.
→ But it appears that a good share of options activity was hedging, as BTC puts were priced above calls on all but one day.
→ Altcoin open-interest dominance fell from around 1.0 in early October to 0.76 by month end.
→ Bottom line: We think key support in BTC is $73-75K, where the 200-day moving average, the short-term holder cost basis, and the average cost basis of a prominent digital asset treasury company converge.
Get early access to these and other key insights in this Crypto Market Positioning report by subscribing to Coinbase One – if you haven’t already ↓
coinbase.com/one?utm_source=…
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Financing. Cross-Margin. Security. Yield. Controls.
The full institutional stack.
Individually world class. Together, unmatched.
It’s why Prime is trusted with hundreds of billions in custody, billions in financing balances, and thousands of institutional clients globally.
Derivatives make up the majority of total crypto trading volume. And Coinbase Institutional is increasingly leading the way.
From our Q3 results:
→ Leading in global crypto options open interest
→ All-time high in US derivatives open interest
→ Four consecutive quarters of derivatives volume market share gains
→ 179% compound annual growth rate in derivatives over the past two years
Stablecoins move money in seconds, but converting between stablecoins and fiat could take days. Until now.
Our partnership with @citi unlocks near-instant conversion between USDC and fiat.
@bretttejpaul told @BitcoinMagazine about what’s changed, why banks are getting involved “at a faster and faster pace,” and how Citi and @Coinbase are moving global payments forward ↓
Most institutions are still stitching together different venues, margin models, custody setups and risk systems.
Prime puts spot and derivatives, financing, cross-margin, custody and controls in one place.
The institutional operating system for crypto.
Ripple USD, meet Coinbase.
RLUSD is now supported on Coinbase and Coinbase Prime, with 1:1 conversion from USD.
More ways to move dollars onchain, inside the infrastructure institutions already use.
Learn more ↓
coinbase.com/blog/rlusd-is-n…
Resistance Overhead
About 2.1M BTC, or roughly a tenth of total bitcoin supply, last moved between $87.5K and $91.7K.
Our takeaway: a climb toward that range could meet holders looking to sell at breakeven.
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Stablecoins move over $400 million per hour overnight, even when US banks are closed.
We're helping institutions upgrade to 24/7 rails.
Learn more about the stablecoin opportunity with The Always-On Dollar, new research from Coinbase & @TheBlockCo ↓
coinbase.com/blog/the-always…
Which of the 10 largest US banks have piloted or launched stablecoins and/or tokenized deposits?
Which of them have announced plans to do so?
The answers are in The Always-On Dollar, a new research report from Coinbase Research and @TheBlockCo.
7 of the 10 largest U.S. banks have piloted or launched stablecoins, tokenized deposits, or both.
And the remaining 3 have announced plans to do so.
The Always-On Dollar, a new report from @coinbase and @TheBlockCo, explores the implications for settlement, liquidity, and financial infrastructure.
Full report below ↓
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Read the full report ↓
coinbase.com/blog/the-always…
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