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TL;DR: We’ve received final approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company (CNTC), a milestone which allows us to expand our industry-leading custody business under a federal regulatory framework.

TL;DR: PNC Corporate and Institutional Banking clients can now receive USDC payments through a new pilot program powered by Coinbase Payment APIs.

Coinbase is built to support every stage of a token's life, from first raise to long-term scale. Here's what that looked like for three real teams: an affiliate of Monad Foundation conducted a landmark public sale via Coinbase token sales, Ethena grew a launch partnership into long-term infrastructure, and Hyperliquid used Coinbase infra to scale. If you're building something and want fewer vendors slowing you down, come talk to us and check out our new website, Coinbase for Issuers.

TL;DR: Coinbase was not impacted by Binance's reported hot wallet incident. We keep over 99% of customer assets in cold storage today, and rebalance funds in and out of our hot wallets based on customer deposits and withdrawals demand. Transfers are protected by layers of controls, including distributed keys, withdrawal limits, anomaly detection and kill switches that can halt signing. Customer assets are held 1:1, remain customer property, and are not lent or used unless customers instruct us to. The advancement of artificial intelligence capabilities is rapidly changing the security landscape, and, in response, Coinbase is continuing to invest in best in class security innovation.

Coinbase’s financial results demonstrate consistent execution through a softer crypto market, including its fourth consecutive quarter of gains in Coinbase Crypto Trading Volume Market Share and record Average USDC Held in Coinbase Products and Paid Coinbase One Subscribers.

TL;DR: How we adapted Coinbase's architecture, built for individuals, to support businesses.