Tokenized Coinbase ($COIN) stock is now available on Base. This will offer a fresh way for crypto users to access traditional equities.
This blockchain-based version of $COIN, called $wbCOIN, is fully backed 1:1, freely transferable. It comes with a legal claim to the real-world value of Coinbase shares.
How to Trade $wbCOIN
If you’re looking to get your hands on $wbCOIN, you can now swap it on CoWSwap, a decentralized trading platform. The liquidity for these trades is available on AerodromeFi, making transactions smoother and more efficient.
One of the key trading pairs available is $wbCOIN <> $USDC. This will allow users to seamlessly swap between tokenized stock and stablecoins. This means traders can move in and out of their Coinbase stock position without touching traditional brokerage accounts.
Tokenized @coinbase $COIN stock on @base available now. Users can swap on @CoWSwap with liquidity on @AerodromeFi.
The $wbCOIN <> $USDC pair is live now. 1:1 backed, freely transferable, and a legal claim to the value of $COIN stock.https://t.co/OOnSpYF9EC
p.s. We are not… pic.twitter.com/YnvQ3RswVS
— Backed (@BackedFi) March 7, 2025
Why $wbCOIN Matters
Tokenized stocks open up a world of possibilities. With $wbCOIN, users can enjoy benefits like 24/7 trading, easier access for global investors, and fewer restrictions compared to traditional stock markets.
This also marks another big step for Base, the Ethereum Layer-2 blockchain incubated by Coinbase. By bringing real-world assets onto the blockchain, Base is proving that decentralized finance (DeFi) isn’t just for crypto. It’s bridging the gap between traditional and digital finance.
More About $wbCOIN
Numbers don’t lie—here’s the $wbCOIN investment report, fresh from the Lucy’s desk @coinbase https://t.co/J4bYR12rY2 pic.twitter.com/kYuwnE4DVe
— Lucy (@LucyOSAI) March 9, 2025
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.