Key Takeaways:
- Coinbase reported $1.5B in Q2 revenue and teased a major expansion plan dubbed “the everything exchange.”
- New partnership with Samsung Pay allows crypto purchases and deposits directly from mobile devices.
- Base chain gets 10x faster while perpetual futures go live and institutional services ramp up.
Coinbase has had a packed July, revealing a series of bold moves that signal its ambition to become the central hub for global onchain finance. From big-name partnerships to major infrastructure upgrades and regulatory wins, the crypto exchange is shifting into high gear.
Read More: Coinbase Hits UK Hard: Viral Video Exposes Deep Flaws in Financial System as Crypto Gains Edge
Coinbase Ramps Up Onchain Strategy with Institutional Deals, Q2 Earnings, and Perpetual Futures
Coinbase’s July roundup on X (formerly Twitter) was nothing short of a strategic playbook. The exchange reported $1.5 billion in Q2 revenue, with increasing traction across both consumer and institutional products. Among the highlights, perpetual futures were finally launched for U.S. users, a move long awaited by advanced traders seeking leverage on crypto assets.
More than 240 businesses are now tapping into Coinbase’s Crypto-as-a-Service tools, including BlackRock, PayPal, Stripe, and PNC Bank. This B2B infrastructure allows companies to integrate custody, trading, and payments into their own platforms using Coinbase rails.
A standout institutional stat: Coinbase now hosts over $1 billion in Bitcoin-backed loans, powered by Morpho Labs. Meanwhile, institutional clients using Coinbase Prime can now earn up to 4.1% in USDC rewards and rebates, boosting the platform’s appeal to asset managers chasing yield in a low-interest-rate environment.
The “Everything Exchange” and BASE Growth: Millions of Assets, 10x Speed, and 700K Waitlist
Coinbase also teased what it calls “the everything exchange”, a unified platform to access millions of assets, tokenized stocks, derivatives, and onchain markets all in one place. While details remain limited, this hints at a future where crypto, DeFi, and traditional finance fully converge onchain.
Meanwhile, Base, Coinbase’s Layer 2 blockchain, continues to gain momentum. Thanks to the Flashblocks upgrade, Base is now 10x faster, reducing block times to just 200 milliseconds. The chain’s new performance boost supports real-time apps and could lay the groundwork for high-frequency DeFi protocols.
The Baseapp, Coinbase’s dedicated interface for Base, has already drawn over 700,000 people to its waitlist, a strong signal of growing user interest. This coincides with Coinbase’s broader push to bring trading, rewards, and onchain identity into one seamless ecosystem.
Samsung Pay Now Available for Coinbase Users in the U.S. and Canada
A Game-Changing Integration for Mobile Crypto
One of the most impactful updates in July was Coinbase’s new integration with Samsung Pay, which allows users to buy and deposit crypto directly from Samsung Wallet. The feature is being rolled out in the U.S. and Canada, with full availability expected in the coming weeks.
Samsung Pay joins Coinbase’s growing list of payment methods, aiming to make crypto purchases feel as simple as tapping to pay. Users won’t need to switch apps or re-enter card information, enabling faster conversions from fiat to crypto, critical for onboarding new retail investors.
Samsung emphasized that the move reflects its vision for open collaboration and secure mobile finance. Samsung Wallet, now integrated with Coinbase, supports everything from digital keys and IDs to peer-to-peer payments and now crypto, all protected by Samsung Knox and tokenized security layers.
Coinbase sees this as part of its mission to “meet users where they are” on their phones, with tools that feel native to modern mobile experiences.
Read More: Coinbase Launches Perpetual Futures, U.S. Traders Finally Access 90% of Global Volume
Coinbase Accelerates Partnerships, Security, and Developer Infrastructure
In July, Coinbase didn’t just scale products; it reinforced its security and developer tools. It also launched a bug bounty of 5 million dollars via Cantina to Base smart contracts and onchain products, which is an active attitude toward onchain safety.
Developer infrastructure also saw a leap forward with the release of an onramp API, allowing apps to embed fiat-to-crypto conversion without pop-ups or redirects. The goal is to simplify the process of usership and alleviate friction to the Web3 developer.
The purchase of Liquifi Finance, a leading token management platform, and incorporation of the Opyn leadership team are indicators of Coinbase having a longer-term vision of developing into the minimum viable infrastructure layer to early-stage crypto teams and institutional builders alike.
