Coinbase runs a cryptocurrency exchange for individuals and institutions, alongside financial apps for trading stocks and other assets where available. Its consumer app brings buying, selling and account management together, while Coinbase Prime combines trading, custody and financing for institutional clients. Developers use its software interfaces to build wallets and payment services into their own applications, and customers link traditional bank accounts to move money into or out of crypto. Coinbase earns transaction fees and charges for subscriptions and services such as custody. It was founded in 2012 and is a US company without a physical headquarters.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
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Coinbase and Gennius plan ONED USD stablecoin access through Latin American banks. The Argentina-first program would let bank customers convert eligible deposits into a USDC-backed stablecoin and spend it with Visa cards 5 hours ago Sponsored: Fomo Family - fomo - Social Crypto Trading App & Web Platform Trade Now Coinbase wants to get into Latin American banking. It is not opening branches. It is borrowing someone else's. On October 8, 2026, Coinbase announced a partnership with fintech firm Gennius (Gennius XYZ) to bring the ONED USD stablecoin and a bundle of digital asset services to banks across Latin America. Argentina comes first. Other Latin American and Caribbean markets are planned to follow. The pitch to banks is simple. Add stablecoin payments, custody, trading and loyalty rewards to your existing app without rebuilding your tech stack. For customers, the program would let them turn eligible deposits into a dollar-pegged token, move it at any hour and spend it with a Visa card. How the ONED USD program is supposed to work. ONED USD launched in mid-2026. Each token is issued 1:1 against USDC held in Coinbase custody. Under the plan, bank customers could convert eligible deposits into ONED USD. They could also convert loyalty rewards, which is the more unusual part. Points that normally sit unused in an airline or card program could become a spendable digital dollar. Once converted, the funds could be transferred instantly, around the clock. Spending would run through Visa cards issued by the participating bank. Gennius would serve as program manager. That means it handles the plumbing between the bank's existing systems and Coinbase's issuance and custody infrastructure. Banks do not have to overhaul core systems to offer the product. Who Gennius is, and why Coinbase picked it. Gennius was founded in 2013 and reformed in 2022. It built its business on unifying payments and loyalty systems for financial institutions. The news moving money, markets, and the world - before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. The distribution numbers explain the deal. Gennius works with more than 85 financial institutions. It also runs more than 520 loyalty programs worldwide. It also has existing relationships with Visa and Mastercard. Coinbase brings the regulated custody, the issuance infrastructure and the USDC backing. Gennius brings the bank relationships and the loyalty data. The Argentina question. Starting in Argentina is a pointed choice. Coinbase has run into previous challenges in the country tied to local currency services. This time, the approach is different. Rather than going directly to consumers, Coinbase is routing through banks that already hold customer relationships and local deposits. The bank owns the front door. Coinbase sits in the back office. Banks already handle compliance, onboarding and local currency rails. Coinbase avoids building a consumer-facing local currency business from scratch in a market where that has been difficult before. What this means for Coinbase, banks and stablecoins. The most important signal here is strategic. Coinbase is pushing to embed itself inside traditional banking infrastructure instead of leaning only on exchange activity. For USDC, the setup is quietly significant. Every ONED USD in circulation is backed by USDC in Coinbase custody. More ONED USD issued through Latin American banks would mean more USDC locked up as reserves. For banks, the appeal is defensive as much as offensive. Customers who want digital dollars can already find them outside the banking system. A white-label stablecoin product lets a bank keep those customers, and their deposits, inside its own ecosystem while still offering instant, around-the-clock access. Disclosure: This article was edited by Kaye Quema. For more information on how Cryptobriefing create and review content, see its Editorial Policy.
Coinbase introduces USDC collateral deposit Card for unapproved One Card users. 2026-10-09 12:00:50 According to Coinbase's official announcement, the platform introduced a USDC collateral deposit option for users not approved for the standard Coinbase One Card. Deposited USDC cannot be traded, withdrawn, lent, or transferred; funds will be used to offset any outstanding account balances if the account defaults or is closed, with remaining USDC released after the account is fully settled. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer. In-Depth Analysis
Polychain Capital is leading a funding round for Network School at a $2 billion valuation. a16z, Coinbase, and Balaji Srinivasan are participating in the round, though the funding amount was not disclosed. Polychain founder and CEO Olaf Carlson-Wee announced the investment at the Network State Conference on 9 October. He said Polychain focuses on projects that solve problems through new business models or technologies rather than incremental improvements. The investment signals continued interest in network state concepts, which explore new forms of digital-first communities and governance structures.
Coinbase partners with Samsung to bring USDC to Galaxy wallet for 82 million users. October 08, 2026 The integration lets Galaxy device owners hold and send USDC directly from Samsung Wallet, with remittances cited as a key use case. Coinbase has struck a partnership with Samsung to add USDC support directly inside Samsung Wallet. The feature is now available to more than 82 million Galaxy device users, according to reports on the integration. Some coverage specifies that the rollout initially targets Galaxy devices in the United States, while other reports describe the reach more broadly across the device base. The integration allows Galaxy users to hold, send, and receive USDC without leaving the native Samsung Wallet app. That removes a step that previously required users to download a separate crypto exchange app or a dedicated self-custody wallet just to manage stablecoins. By embedding the function at the device level, Samsung and Coinbase are betting that convenience will drive adoption among users who have not previously interacted with crypto apps. One of the specific use cases highlighted in coverage of the launch is remittances. USDC is pegged to the U.S. dollar and settles on blockchain rails, which can make cross-border transfers faster and cheaper than traditional wire services in some cases. Framing Samsung Wallet as a remittance tool suggests Coinbase and Samsung see international money transfers as a near-term driver of usage, rather than speculative trading. This deal fits into a broader pattern of stablecoins moving from crypto-native platforms into mainstream consumer technology. Major hardware and software companies have increasingly explored ways to let ordinary users interact with digital dollars without needing to understand blockchain mechanics directly. Embedding USDC into a wallet that ships on tens of millions of phones is a significant distribution channel compared with standalone crypto apps that require separate downloads and onboarding. For Coinbase, the partnership extends the reach of USDC, the stablecoin it co-founded with Circle, into a massive existing user base. Coinbase has pursued multiple distribution partnerships in recent periods to widen USDC's footprint beyond its own exchange and app. Placing USDC inside a device-level wallet used by Galaxy owners gives the stablecoin exposure to a demographic that may never have opened a crypto exchange account. For Samsung, adding stablecoin functionality to its wallet product keeps the company aligned with financial technology trends already embraced by competitors offering digital payment and crypto features. It also positions Samsung Wallet as more than a payment card and ticket storage app, turning it into a tool that can move value internationally in near real time. Market impact. The integration could expand USDC's day-to-day utility by putting it in front of a consumer base far larger than typical crypto app users. Wider stablecoin distribution through mainstream hardware wallets may support transaction volume growth for USDC without requiring new exchange sign-ups. For the broader stablecoin sector, the deal reinforces a trend of digital dollars being absorbed into everyday financial infrastructure rather than staying confined to trading platforms. If remittance use cases gain traction through Samsung Wallet, it could pressure traditional remittance providers to speed up their own digital asset strategies. The Coinbase-Samsung integration marks another step in stablecoins' migration from crypto exchanges into consumer-facing technology products used by tens of millions of people. Frequently asked questions. What does the Coinbase-Samsung partnership actually add to Samsung Wallet? It adds native support for USDC, letting Galaxy device users hold, send, and receive the stablecoin directly within the Samsung Wallet app. How many users can access USDC through Samsung Wallet? Reports cite more than 82 million Galaxy device users, though some coverage specifies the initial rollout focuses on devices in the United States. Why is remittance use highlighted in connection with this integration? USDC is pegged to the U.S. dollar and moves on blockchain rails, which can make cross-border transfers faster and cheaper than some traditional remittance channels, a use case cited in coverage of the launch. Why does embedding USDC in a device wallet matter compared with a standalone crypto app? It removes the need for users to download a separate exchange or wallet app, giving stablecoins direct exposure to the large existing base of Galaxy device owners.
Coinbase has completed its integration of Deribit, forming the Coinbase Global Exchange, and announced Coinbase Pro will return by year's end for professional traders. The combined exchange holds over $30 billion in Bitcoin options open interest as of 30 September. Coinbase will launch crypto options, margin trading on spot markets and unified portfolios in the coming weeks. US institutions can access Deribit's options and perpetual futures through Coinbase Prime, with onboarding now open. Options for eligible US retail traders are planned for late October. The new spot margin product offers maximum leverage of 10x for major assets and 5x for others. Coinbase Pro will trade spot, futures, perpetuals, options and equities when it relaunches. Coinbase announced the $2.9 billion Deribit acquisition in May 2025.