Coinbase xStock (COIN) Loading...
Coinbase xStock is a tokenized version of Coinbase’s public equity that lives on the blockchain. Instead of buying shares only through a traditional brokerage, users can hold a blockchain token that mirrors exposure to Coinbase’s stock. On many venues the asset appears as “COIN” or “COINx/COINX,” and it is issued as standard tokens on chains like Solana and Ethereum so it can move across wallets and apps. Coinbase lists an informational page for “Coinbase tokenized stock (xStock)” and notes that it is not tradable on the Coinbase exchange, underscoring that tokenized stocks are separate from Coinbase’s core spot-crypto listings. (coinbase.com)
Tokenized equities bring parts of Wall Street to the open, programmable “Coinbase xStock blockchain” world. They enable 24/7 markets, fractional ownership, and composability with crypto tools. Multiple exchanges and infrastructure providers now support an “xStocks” format for tokenized stocks—Coinbase (COIN), Apple (AAPL), and more—so users can gain equity exposure without leaving the crypto ecosystem. (xstocks.com)
As of 11/28/2025 12:00 UTC, Coinbase xStock (COIN) trades at $272.02 with a +1.76% move over the last 24 hours.
The market capitalization stands at $6.6M, placing it at rank #1920 by market value.
Daily trading volume is $9M. Coinbase xStock (COIN) has moved +15.85% over the past seven days and -23.76% across the last 30 days.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam to make it easy for people to buy and store cryptocurrency. The company later went public on Nasdaq under the ticker COIN, becoming one of the best-known names bridging crypto and traditional finance. (en.wikipedia.org)
The xStocks idea—bringing tokenized stocks on-chain—was advanced in 2025 by a network of partners led by Backed, a European tokenization platform. Backed’s “xStocks” series introduced on-chain tokens for dozens of U.S. equities and ETFs, including Coinbase, designed for transfer across chains and for use in DeFi. Custody and issuance are structured through regulated entities and special-purpose vehicles. (gate.com)
Coinbase xStock (COIN/COINX) is part of the broader xStocks lineup rather than a product issued by Coinbase itself. Issuance and collateral management are handled by the xStocks/Backed network and its partners, while centralized exchanges (CEXs) and DeFi apps integrate the tokens for trading and on-chain use. Kraken and Gate, for example, have rolled out dedicated xStocks sections for eligible users, listing COINX among other equities. (kraken.com)
Coinbase xStock is designed to be backed 1:1 by shares of Coinbase’s public stock held with regulated custodians. Tokens are minted when underlying shares are locked in the issuer’s structure and burned upon redemption. This keeps the token aligned with the COIN price from traditional markets while enabling on-chain transfer and settlement. (gate.com)
To maximize compatibility, the COIN token commonly exists as:
On supported exchanges, tokenized stocks trade around the clock with crypto pairs like USDT. Some platforms also allow deposits and withdrawals of the COIN token to self-custody, bringing portability and interoperability not found in traditional brokerage accounts. Settlement occurs instantly on-chain once transactions are included in a block. (kraken.com)
Because COIN lives as a standard token, it can plug into DeFi: market making on DEXs, collateral in lending protocols, and basket strategies, when enabled by specific partners. This creates new, programmable ways to use equity exposure beyond basic buy-and-sell. (xstocks.com)
Coinbase xStock tokenomics (“Coinbase xStock tokenomics”) are straightforward: supply expands when more underlying COIN shares are deposited with the issuer and contracts when tokens are redeemed for shares. There is no fixed max supply like a typical crypto coin; issuance is demand-driven to maintain the 1:1 relationship with the underlying asset. (gate.com)
These utilities come from the token’s standard design and the ecosystem support around xStocks, not from special rights granted by Coinbase itself. (kraken.com)
By design, the COIN token mirrors the COIN price discovered in traditional stock markets, adjusted for any venue-specific factors such as fees or funding on derivatives. The peg mechanism relies on collateral and redemption, rather than on a purely synthetic oracle model. (gate.com)
COIN lets users express views on Coinbase’s equity 24/7 on-chain, even when stock markets are closed. This is valuable for global users who operate outside U.S. market hours. Gate and Kraken have dedicated xStocks sections to centralize this experience for eligible regions. (globenewswire.com)
Because COIN is a standard token, users can custody it in their own wallets and, where supported, move it between exchanges or DeFi apps. That portability is a key difference from traditional broker accounts where shares are locked to one platform. (kraken.com)
If you’re wondering “where to buy COIN,” note first that Coinbase’s own exchange shows an informational page for Coinbase tokenized stock (xStock) but does not support trading it. Availability instead comes from partner venues that list xStocks, including Kraken Pro’s xStocks section (for eligible, non‑U.S. regions) and Gate’s xStocks market, which lists COINX among its initial offerings. Always check the platform’s access rules for your country. (coinbase.com)
Regulators increasingly view tokenized stocks as securities that must follow existing securities rules. U.S. SEC Commissioner Hester Peirce has publicly stated that “tokenized securities are still securities,” signaling that compliance obligations carry over even when assets move on-chain. European authorities, including ESMA, have also warned about potential investor misunderstanding when tokens mimic shares but don’t always carry shareholder rights. Industry groups like the World Federation of Exchanges have called for clearer oversight as tokenization grows. (reuters.com)
Access is therefore jurisdiction-specific. For example, Kraken notes that xStocks are available only to non-U.S. retail clients in select countries and are not accessible in the U.S., Canada, the U.K., or Australia at this time. Platforms typically enforce geo-restrictions and eligibility checks based on local law. (kraken.com)
Within this landscape, “Coinbase xStock regulatory status” depends on the issuer and venue. The common model uses an EU-compliant SPV with custodial backing and ISINs, with tokens circulating on public chains for composability. Venue operators then integrate those tokens under their own market rules and disclosures. (gate.com)
Is Coinbase xStock halal? A concise answer many Islamic finance observers give is “Yes—conditionally.” The reason: COIN token exposure represents equity in a real operating company, which is generally permissible. Coinbase also disabled margin trading in 2020, removing an interest‑based feature that many scholars view as impermissible. That said, some practitioners perform detailed financial screening (e.g., debt and interest income ratios) before labeling any equity exposure “COIN shariah compliant.” Results can differ among scholars and screening standards, so classification may vary by Shariah board and jurisdiction. (techcrunch.com)
Tokenized equities are expanding fast. With the xStocks alliance pushing composable stock tokens and major exchanges switching on xStocks rails, expect broader listings, more chains, and tighter bridges between TradFi and DeFi. 24/7 trading, instant settlement, and crypto‑native UX are powerful drivers. (xstocks.com)
As regulators refine guidance, tokenized stocks could gain standardized disclosures, clearer rights, and consistent cross-border rules. Exchanges are already experimenting with on-chain withdrawals, wallet interoperability, and derivatives tied to tokenized equities. Over time, we may see corporate actions (like splits or distributions) handled on-chain and reflected across wallets in near real time—subject to issuer frameworks and local law. (kraken.com)
For builders, tokenized stocks unlock new app patterns. Games and NFT platforms can check COIN balances to unlock content; DAO treasuries can hold and rebalance equity exposure natively; and creators can design portfolio-driven experiences. As “Coinbase xStock DeFi, NFTs, gaming” converges, the boundary between investing and digital culture will continue to blur. (xstocks.com)
Coinbase xStock (often shown as COIN or COINX) is an on-chain, 1:1 tokenized representation of Coinbase’s public equity. It brings the COIN price into the crypto world with standard tokens that move across wallets, exchanges, and DeFi apps. While Coinbase provides an informational page and brand context, issuance and trading are handled by xStocks/Backed partners and supported venues, not by Coinbase’s own exchange. The model blends the convenience of crypto with access to traditional equity exposure, while operating within evolving regulatory frameworks and regional access rules. For users who want crypto‑native, portable exposure to a leading crypto company—and the ability to plug that exposure into on-chain strategies—Coinbase xStock is a clear example of how tokenization is turning the stock market into code. (coinbase.com)
Coinbase is a United States-based cryptocurrency exchange founded in 2012. It lets users buy, sell, store, and trade over 250 cryptocurrencies. The company follows strict regulations and requires user identification.
| Sector: | Tokenized Stocks |
| Blockchain: | Solana |
