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Coinbase Lists Ripple Rival XPL and 3 New Cryptocurrencies as Uptober Begins
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Coinbase Lists Ripple Rival XPL and 3 New Cryptocurrencies as Uptober Begins

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As the crypto ecosystem kicks into what is considered the “Uptober” season, leading U.S.-based cryptocurrency exchange Coinbase has announced four major listings in a recent X post.

In its relentless efforts to expand its wide range of trading options for users, the exchange has not only continued to strengthen its spot market but is also boosting its derivatives market.

Coinbase boosts derivatives options for users

Following its latest listings, the exchange revealed it has launched perpetual futures trading for four new cryptocurrencies: Lombard ($BARD), Anoma ($XAN), Plasma ($XPL), and Kamino Finance ($KMNO).

The exchange specified that the new perpetual contracts (listed as BARD-PERP, XAN-PERP, XPL-PERP, and KMNO-PERP), will go live on Thursday, October 2. Notably, the listing event will commence on or after 9:30 a.m. UTC in supported regions. However, Coinbase emphasized that the listings will not go live at the stated time if the projects fail to meet its liquidity conditions.

While the move expands Coinbase’s derivatives offerings for both retail and large token holders, the exchange noted that only retail traders in select jurisdictions will be able to access the perpetual markets via Coinbase Advanced.

Meanwhile, institutional investors will have the opportunity to trade directly through the Coinbase International Exchange, propelling the newly listed tokens toward higher volume demand.

Following the inclusion of BARD, XAN, XPL, and KMNO on Coinbase’s derivatives market, the exchange has not only positioned itself for a boost in trading volume but also enhanced adoption prospects for the tokens, potentially setting them up for significant price upswings.

While the timing of the listing coincides with the beginning of “Uptober” (a hype tag associated with October given its historical bullish records), users have shown excitement for the newly added options. Commentators believe the move will fuel more price surges for the tokens, aligning with bullish expectations for the month.

Amid heightened anticipation for renewed momentum across the broader crypto market, market watchers appear to be keeping a close eye on how the new crypto listings on Coinbase will perform upon their official launch.



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Coinbase CEO Warns Banks Want to Kill Your Crypto Rewards
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Coinbase CEO Warns Banks Want to Kill Your Crypto Rewards

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Coinbase CEO Brian Armstrong recently took to the X social media network to slam “big banks” for trying to reverse the ability of cryptocurrency trading platforms to offer rewards in Circle’s USDC stablecoin. 

Armstrong argues that banks are attempting to preserve their monopoly over deposits.

“They want to undo your right under the GENIUS Act law to earn USDC rewards. Don’t let them,” Armstrong said. 

I’ve never been more bullish about clear rules for crypto. It’s obvious that market structure is a freight train that’s left the station.

But that hasn’t stopped the big banks from coming for another handout – this time paid by your crypto rewards. They want to undo your right… pic.twitter.com/hmPYmagDhj

— Brian Armstrong (@brian_armstrong) September 29, 2025

The Coinbase executive has stressed that bailing out big banks, which are enjoying record-breaking profit margins, “is not gonna fly.” “That would be a foolish thing to do politically because there’s 50 million Americans like you who have now used crypto,” he stressed. 

Clamping down on stablecoin yield 

Coinbase and other cryptocurrency firms, including Kraken, Gemini, and BitGo, are currently leading an intense lobbying push that is meant to prevent banks from banning crypto rewards. 

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The Bank Policy Institute wants to bar exchanges from being able to offer stablecoin yields, which is part of an aggressive behind-the-scenes campaign. 

The banking industry claims that stablecoins pose a threat to deposits and credit markets. 

Earlier today, the Blockchain Association launched a campaign to protect the landmark GENIUS Act from banks. 

The pro-crypto lobbying and advocacy group claims that stablecoins actually strengthen the market by enabling instant settlement and making transactions substantially cheaper. 





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Coinbase to List 2 New Cryptocurrencies on Ethereum and Solana
NFT Gaming

Coinbase to List 2 New Cryptocurrencies on Ethereum and Solana

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  • Coinbase to list Centrifuge and TROLL
  • Coinbase eyes stablecoin expansion

Coinbase, a leading U.S.-based cryptocurrency trading platform, has continued expanding its ever-growing pool of tradable assets after announcing plans to list two additional cryptocurrencies, according to its latest X post.

With these new listings focusing on two major blockchains, the move aligns with Coinbase’s commitment to providing users with exclusive trading experiences and a wide range of investment opportunities.

Coinbase to list Centrifuge and TROLL

According to a recent announcement from the company, Coinbase will list two crypto assets, Centrifuge (CFG) and TROLL (TROLL), on September 25, 2025.

With just one day left until their official debut, CFG and TROLL will become available for users to buy, sell, convert, send, receive, or store on the Coinbase platform and through the Coinbase iOS and Android apps.

Since the listings will occur on two separate blockchains, users are advised to exercise caution when transferring the assets. Notably, Centrifuge will launch on Ethereum, while TROLL will debut on the Solana network.

While it is common for Coinbase to broaden its offerings with new and verified tokens, the exchange has built a reputation for providing diverse trading opportunities while expanding its global presence.

Importantly, the move represents a notable milestone for each project set to debut on Coinbase this Thursday. Market watchers are closely observing the tokens’ price action with optimism that the Coinbase listing hype could give them a strong start.

Coinbase eyes stablecoin expansion

Beyond its expansion of tradable tokens, Coinbase had previously disclosed plans to broaden its stablecoin offerings with AUDD and XSGD.

AUDD is an Australian Digital Dollar issued by AUDC Pty Ltd, while XSGD is a fiat-backed stablecoin issued by StraitsX. Both will go live on the Coinbase exchange on September 29, 2025.

The move supports Coinbase’s mission to onboard new users into the crypto ecosystem while driving growth for local crypto businesses, particularly in regions where the stablecoins are pegged to native currencies.



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Coinbase, Sony Innovation and a16z bet $14.6m on Bastion
Crypto Trends

Coinbase, Sony Innovation and a16z bet $14.6m on Bastion

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Coinbase Ventures led a VC round with participation from Sony Innovation Fund, a16z crypto, Samsung Next and Hashed to back Bastion, a provider of licensed stablecoin issuance.

Summary

  • Coinbase Ventures led a $14.6 million round in Bastion, joined by Sony, a16z, Samsung Next, and Hashed.
  • The funding pushes Bastion’s total raised above $40 million as it expands regulated stablecoin infrastructure for enterprises.
  • Backers see Bastion’s compliance-first model as key to meeting surging institutional demand for stablecoins.

According to a press release dated Sept. 24, the $14.6 million strategic round, which also attracted capital from Samsung Next and Hashed, pushes Bastion’s total funding past the $40 million mark.

The company stated that it will utilize the new capital to scale the adoption of its product suite, which is designed to enable enterprises to issue, custody, and integrate stablecoins within their existing operations while maintaining full regulatory compliance.

“Bastion is growing to meet significant demand for regulated stablecoin infrastructure from some of the world’s largest enterprises,” Bastion CEO Nassim Eddequiouaq said. “The evolution of our financial system will continue to accelerate as digital assets and stablecoin adoption proliferates, and Bastion is positioned to help businesses build world-changing financial products.”

Bastion’s roots and the broader stablecoin surge

Bastion’s origins date back to 2023, when it was founded by Nassim Eddequiouaq and Riyaz Faizullabhoy, both former executives from a16z’s crypto team. The company initially secured $25 million in a seed round led by a16z crypto, with a broader focus on web3 adoption.

Its strategic pivot to concentrate on stablecoin infrastructure reflects a clear-eyed recognition of where the most pressing institutional demand has emerged. Notably, the founders built Bastion from the ground up with regulatory compliance as its cornerstone, securing an NYDFS trust charter to serve as a foundational element of its offering.

Coinbase’s Chief Business Officer, Shan Aggarwal, framed the investment as a strategic necessity. He emphasized that trusted digital asset infrastructure is the essential foundation for the scalable financial products enterprises are now demanding.

Aggarwal noted that Coinbase continues to back builders who prioritize safety and scalability, characterizing Bastion as a “change-maker” that is turning the promise of enterprise stablecoin adoption into a tangible reality.

This investor confidence aligns with a macro surge in stablecoin adoption that has captured the attention of traditional finance. Banking giant Morgan Stanley has identified stablecoins as the fastest-growing segment in the global finance industry.

The bank’s analysis credits this explosive growth to their utility in payments and trading, projecting the market could expand from approximately $300 billion today to surpass $2 trillion by 2028. Morgan Stanley points explicitly to institutional adoption as a primary catalyst for this staggering growth, signaling a fundamental shift in how value will be moved and settled globally.



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Coinbase CEO Drops Key Update on New Stablecoin Listings
Crypto Trends

Coinbase CEO Drops Key Update on New Stablecoin Listings

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In a recent tweet, Coinbase CEO and cofounder Brian Armstrong has revealed the crypto exchange’s decision to list two new local stablecoins: AUDD and XSGD.

Coinbase will be listing two local currency stablecoins: AUDD and XSGD. These would be the first AUD- and SGD-denominated stablecoins on Coinbase.

Coinbase is listing two new local stablecoins:

🇦🇺 AUDD
🇸🇬 XSGD

Local stablecoins will drive local crypto business growth and help to onboard many more new people to crypto. pic.twitter.com/ZFDX1y4A5O

— Brian Armstrong (@brian_armstrong) September 24, 2025

AUDD  is an Australian Digital Dollar issued by AUDC Pty Ltd, a fiat-backed stablecoin designed to be redeemable 1:1 for AUD and built for institutional-grade, programmable finance.

XSGD, a fiat-backed stablecoin, is issued by StraitsX. XSGD has been acknowledged by the Monetary Authority of Singapore (MAS) to be compliant with the upcoming Single Currency Stablecoin (SCS) regulatory framework.

On Sept. 29 at 7:00 p.m. UTC, the two new fiat-backed local currency stablecoins, AUDD and XSGD, would go live on Coinbase. From this date, XSGD and AUDD will be available on Coinbase.com and the Coinbase mobile app.

Coinbase CEO reacts

Coinbase CEO Brian Armstrong weighs in on the new stablecoin listings, noting it is essential for crypto business growth and adoption.

According to Armstrong, local stablecoins are essential to drive local crypto business growth and help to onboard many more new people to crypto. Thanks to Coinbase’s listing, users in Australia and Singapore, respectively, will be able convert from AUD to AUDD and SGD to XSGD for free.

Coinbase noted that the listing move remains integral to its mission to onboard one billion people to crypto, enabling users to transact seamlessly in familiar currencies without the friction of foreign exchange volatility.

According to CoinMarketCap data, the stablecoin market is currently valued at $307 billion, with analysts predicting this asset class to be worth $2 trillion in the years to come.





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Coinbase, Sony and Samsung Back $14.6M Round for Stablecoin Startup Bastion

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Stablecoin infrastructure startup Bastion has raised $14.6 million in a new funding round led by Coinbase Ventures, the company said in a press release shared with CoinDesk, bringing its total funding to over $40 million.

Bastion builds white-label stablecoin systems that let companies issue digital dollars without writing code or applying for regulatory licenses. The round included participation from the venture arms of Sony and Samsung, as well as Andreessen Horowitz’s crypto division and Hashed.

The startup is led by Nassim Eddequiouaq, a former Meta and a16z crypto executive who worked on Libra, Meta’s now-defunct stablecoin project. Eddequiouaq said Bastion’s product suite goes beyond simple issuance: it includes wallets for users and off-ramps that allow conversion to cash in over 70 countries.

The valuation of this latest funding round wasn’t revealed, and the company raised $25 million back in 2023 in a round led by a16z crypto.

The company said it’s seeing particular traction in Asia, where demand from enterprise customers is rising. The fresh funding will support product expansion and hiring. Bastion has also recently added new leadership across compliance, treasury, legal and revenue, the company said.

That positions Bastion to compete with firms like Paxos and newer players like Agora. The firm declined to name which corporations are currently using its platform, but Eddequiouaq said announcements are coming within the next nine months.

The funding comes amid a broader stablecoin boom. Stripe recently acquired stablecoin startup Bridge for $1.1 billion, USDC issuer Circle went public over the summer, while leading stablecoin issuer Tether is reportedly looking to raise up to $20 billion at a valuation that could be as high as $500 billion.

UPDATE (Sept. 24, 13:58 UTC): Updated story to add that Bastion said it’s seeing traction in Asia and details the use of funds.



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Crypto Trends

Y Combinator, Base and Coinbase Ventures Launch ‘Fintech 3.0’ as Finance Goes On-Chain

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Y Combinator, the Silicon Valley startup incubator behind Airbnb, Coinbase and Stripe, is collaborating with Base and Coinbase Ventures to create the next wave of so-called “Fintech 3.0” companies, according to a blog post on Tuesday.

The firms have opened applications to these “Fintech 3.0” companies, saying it is looking for themes such as expanding stablecoins beyond the dollar into local currencies, tokenizing assets such as stocks and credit markets and building consumer-facing applications including AI-driven financial agents.

This is part of these companies’ continuing efforts to move the financial industry on-chain. A prime example of this is Base, the Ethereum overlay blockchain attached to Coinbase which recently partnered with Shopify to offer global USDC payments.

“Our mission at Base is to build a global economy that increases innovation, creativity, and freedom. To do this, we need more founders to build on-chain businesses so that anyone, anywhere can participate in the global economy,” the blog post said.

The initiative comes as U.S. lawmakers move to clarify rules for crypto. The GENIUS Act, a new U.S. law governing stablecoins, aims to bring federal clarity by directing regulators to come up with specific rules for stablecoin issuers. U.S. lawmakers continue to work on broader crypto market structure legislation as well.



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Coinbase Extends $100 Million Bitcoin-Backed Credit to Miner CleanSpark

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In brief

  • The $100 million facility has been secured by CleanSpark’s Bitcoin holdings.
  • Executives said the strategy helps fund growth without equity dilution.
  • Rising difficulty, low fees, and tariffs have added pressure to mining margins.

Bitcoin miner CleanSpark said Monday it has secured a new $100 million credit line from Coinbase Prime, extending its existing financing arrangements with the exchange.

The credit is backed by the miner’s Bitcoin holdings and is intended to strengthen liquidity while the firm pursues “accretive growth using non-dilutive financing,” Gary A. Vecchiarelli, Chief Financial Officer and President at CleanSpark, wrote in a statement.

The funds will support energy expansion, mining growth, and new high-performance computing projects, with the move building on earlier steps, the company said.



In an earlier earnings call for its second quarter results released in May, Vecchiarelli said that CleanSpark’s balance sheet strategy has matured to an extent that it has allowed the Bitcoin miner to pursue “non-dilutive funding options” that support both its operations and long-term growth.

Non-dilutive funding options are ways for a company to raise money without issuing new shares, so existing shareholders don’t lose ownership.

This represents a “meaningful strategic distinction” from its peers, who Vecchiarelli said “continue to rely on equity dilution to fund operating costs” while some still rely on increasing leverage to grow their Bitcoin reserves.

To date, CleanSpark holds 12,703 BTC worth about $1.43 billion at current prices, and is the 10th largest holder of the asset among public companies, according to data from Bitcoin Treasuries.

CleanSpark had already expanded its facility with Coinbase Prime by up to $200 million in April earlier this year.

The move aligns with several others in the crypto mining sector who are also shifting toward using Bitcoin-backed credit as an alternative to equity issuance or direct sales of mined coins. Hut 8 doubled its line to $130 million in June, while Riot Platforms tapped Coinbase for a $100 million arrangement in April.

These credit lines come as evolving network conditions make mining more capital-intensive. Bitcoin’s hashrate and difficulty have both reached records, while transaction fees fell below 1% percent of block rewards in August for the first time.

That shift means miners are more dependent on fixed subsidies to cover rising energy and equipment costs, with observers warning last month that increasing hardware costs and logistical hurdles could accelerate shifts in mining locations, supply chains, and capital expenditure strategies, as well as deepen the strain on miners.

As early as March, tariffs on imported rigs from Asia have added to the burden, with U.S. firms including CleanSpark facing potential liabilities for past shipments.

CleanSpark stock is up 33% over the past five days, according to Google Finance data.

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Crypto Trends

CleanSpark (CLSK) Shares Rise After Getting $100M Bitcoin-Backed Credit From Coinbase Prime

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Bitcoin mining company CleanSpark (CLSK) has secured a new $100 million credit facility with Coinbase Prime, giving it access to fresh capital without selling its bitcoin holdings or raising equity.

The shares rose nearly 6% in post-market trading, after the announcement on Monday.

The mining company will use the proceeds for strategic capital expenditures, including expanding CleanSpark’s energy portfolio, scaling its bitcoin mining operations, and investing in high-performance computing (HPC) capabilities, the company said in a press release.

Rather than selling bitcoin to raise cash or selling additional shares of the firm—a move that can dilute the current shareholders—CleanSpark is using the asset as collateral to keep growing while holding on to what it mines.

“Delivering accretive growth using non-dilutive financing is at the core of CleanSpark’s capital strategy,” said Gary A. Vecchiarelli, CleanSpark’s CFO. “Our ‘Infrastructure First’ strategy has been proven historically and will further enhance shareholder value as we expand into more diversified compute opportunities.”

The new raise comes after recent leadership changes hinted at the miner going beyond just mining bitcoin and diversifying into other revenue opportunities. The focus on HPC isn’t surprising, as more and more bitcoin miners are pivoting into hosting machines that cater to HPC and artificial intelligence computing, which requires a tremendous amount of energy, in their data centers.

Read more: GPU Gold Rush: Why Bitcoin Miners Are Powering AI’s Expansion



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Coinbase taps former Cash App exec as new CMO
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Coinbase launches Mag7 + crypto equity index futures

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Coinbase has officially launched its recently announced crypto equity index futures, bringing the hybrid futures product to investors as it diversifies its offering.

Summary

  • Coinbase has rolled out the cypto equity index futures on its derivatives platform.
  • Mag 7 stocks in the index include Apple, Microsoft, Google-parent Alphabet, Amazon and NVIDIA.
  • Coinbase stock and Bitcoin and Ethereum exchange-traded funds IBIT and ETHA also make up the hybrid index futures contract.

Earlier this month, U.S.-based crypto exchange Coinbase disclosed its plan to unveil the Mag7 + Crypto Equity Index Futures. The launch, the publicly traded company said at the time, would mark the first U.S.-listed futures product that combines the seven top technology stocks with the top two cryptocurrency exchange-traded funds.

Officially, trading of the magnificent seven stocks + Bitcoin (BTC) and Ethereum (ETH) ETFs is live. Coinbase confirmed the trading of the futures product went live on September 22,2025 via a post on X.

Why does this matter?

The offering of the Mag7 + Crypto Equity Index Futures brings simultaneous exposure to major tech stocks and crypto. The product is available via Coinbase Derivatives, the Commodity Futures Trading Commission–regulated platform that offers 24/7 access to the trading of margined futures contracts.

Big Tech stocks and crypto

The Mag7 + Crypto Equity Index will comprise the “Magnificent 7” stocks of Apple, Microsoft Corporation, Google-parent Alphabet, Amazon, NVIDIA Corporation, Meta Platforms, and Tesla.

Other than these seven, the product will include Coinbase stock (COIN) and BlackRock ETFs iShares Bitcoin Trust ETF and iShares Ethereum Trust ETF. The two ETFs, with IBIT and ETHA tickers respectively, are leading cryptocurrency ETFs in the market.

“The Index will follow an even-weighting methodology, with each of the 10 components representing 10% of the Index,” Boris Ilyevsky, head of Coinbase Derivatives, said in a blog post.

Coinbase will undertake a quarterly rebalancing of the index to reflect market changes. The launch comes as institutional bets on crypto spike and Big Tech stocks trading aligns more with risk-on appetite in the market.



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