Coinbase published on July 1 a monthly recap outlining progress toward making more assets tradable through a single platform, highlighting tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, and equity index perpetual-style futures. The crypto exchange emphasized its strategy of expanding access to more assets, markets and financial tools through one unified platform. Several products are live, while others remain limited by jurisdiction, rollout timing or restricted availability.
Coinbase Launches Tokenized Stocks and Pre-IPO Perpetual Contracts
The crypto firm shared on X: "We spent the first half of the year building toward one idea: every asset, every market, one platform." Tokenized stocks were described as 1:1-backed shares of U.S. companies expected to include dividends, along with on-chain trading, holding, and redemption. The company said the instruments are not derivatives or IOUs, while noting they will not be available to U.S. persons.
Derivatives formed another major part of the strategy, with pre-IPO perps starting with SpaceX and later extending to OpenAI and Anthropic. The platform also highlighted stock options, crypto options through its Deribit integration and expiration-free U.S. perps.
Coinbase Integrates SEC-Registered AI Advisor Into Platform
Coinbase placed artificial intelligence inside its broader financial stack through Coinbase Advisor, an SEC-registered AI-powered investment adviser built into the app. The tool is designed to support portfolio analysis, automated tax loss harvesting and other services. It is being rolled out to subscribers of its premium Coinbase One service.
The company's AI strategy also extends into autonomous agents, allowing users to connect software agents to accounts under defined guardrails. Those agents can execute trades, manage portfolios and interact with tools tied to Base MCP, which provides standardized connections to onchain apps, and x402, a payments protocol that lets agents send and receive USDC for services. The broader system supports transfers, swaps, lending and borrowing across Base applications, with user approval available for transactions.
A redesigned advanced trading interface, thousands of stocks and exchange-traded funds for U.S. traders, and a unified global liquidity pool all point toward a wider financial hub.
Coinbase Expands Stablecoin Infrastructure Across Global Markets
Infrastructure developments gave the strategy more reach, especially across stablecoins and global access. The company said it is live in India with direct INR rails, became the official deployer of Hyperliquid's USDC treasury wallet and partnered with Ethena across more than $5 billion in assets. It also cited a roughly $4.4 billion USDC transfer to the Hyperliquid deployer.
Stablecoins became the connective layer across payments, custody and settlement. The update pointed to ProShares' IQMM, described as a money market ETF built for stablecoin reserves; Open USD, a stablecoin initiative; Spiko's instant stablecoin access to European UCITS funds; Checkout; and MassPay as part of a broader payments strategy.
Brian Armstrong Describes Coinbase as AI-Enabled Company
On July 3, Brian Armstrong, Coinbase's chief executive, shared on X: "Coinbase is one of the most AI-enabled companies in the world, based on all the feedback I hear. We're in the age of the super builder."
FAQ
What did Coinbase announce on July 1?
Coinbase published on July 1 a monthly recap outlining progress toward making more assets tradable through a single platform, highlighting tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, and equity index perpetual-style futures.
What are Coinbase's tokenized stocks?
Tokenized stocks were described as 1:1-backed shares of U.S. companies expected to include dividends, along with on-chain trading, holding, and redemption. The company said the instruments are not derivatives or IOUs, while noting they will not be available to U.S. persons.
What is Coinbase Advisor?
Coinbase Advisor is an SEC-registered AI-powered investment adviser built into the app. The tool is designed to support portfolio analysis, automated tax loss harvesting and other services. It is being rolled out to subscribers of its premium Coinbase One service.
