Coinbase xStock

COINX Price

About Coinbase xStock (COINX)

Coinbase xStock is a tokenized tracker certificate that provides on-chain exposure to the stock price of Coinbase Global, Inc. (COIN).

• 1:1 Backing: Each token is fully collateralized on a 1:1 basis by the underlying shares of Coinbase stock held with regulated custodians.
• Global Access: The asset is issued as a blockchain-native instrument, enabling 24/7 global market access and transferability without traditional brokerage silos.
• DeFi Ready: COINx is composable with decentralized finance (DeFi) protocols, allowing users to integrate equity exposure into lending and liquidity strategies.

What Is Coinbase xStock?

Coinbase xStock (COINX) is a product of the xStocks network, designed to bridge traditional equity markets with the on-chain economy. It functions as a tracker certificate that mirrors the price movements of the publicly traded Coinbase Global, Inc. stock. Value moves through the system by tokenizing real-world equity into a digital format that can be held in self-custodial wallets. The token is "put to work" by serving as a bridge for investors who wish to maintain their capital within the crypto ecosystem while gaining exposure to traditional financial instruments.

As the xStocks ecosystem grows, COINx scales by increasing the accessibility of U.S. capital markets to non-U.S. users through top centralized and decentralized exchanges. The protocol generates value by enabling immediate settlement and cross-chain mobility, which are typically restricted in traditional finance by T+1 settlement cycles and limited trading hours.

What Makes Coinbase xStock Unique?

• Physical Collateral: Unlike synthetic assets, each COINx token represents a legal claim to the value of the underlying stock and is backed by physical shares.
• Regulatory Compliance: Issued under an approved prospectus in accordance with EU regulations, providing a structured legal framework for tokenized equities.
• Bankruptcy Remoteness: The product is issued via a bankruptcy-remote Special Purpose Vehicle (SPV), ensuring that the collateral is segregated from the issuer's general assets.
• On-Chain Rebasing: Corporate actions such as stock splits and dividends are automatically reflected through a rebasing mechanism, ensuring token balances always match the 1:1 exposure.

What Can You Use Coinbase xStock for?

• DeFi Integration: Use COINx as collateral in decentralized lending markets or as a pair in liquidity pools on protocols like Jupiter or Aerodrome.
• 24/7 Trading: Transact with equity exposure at any time, bypassing the restrictive hours of traditional stock exchanges.
• Unified Portfolio Management: Hold both crypto assets and tokenized equities in a single self-custodial wallet for a consolidated view of financial holdings.
• Fractional Ownership: Purchase and transfer fractions of a Coinbase share, lowering the barrier to entry for high-value stocks.

How Does Coinbase xStock Work?

Coinbase xStock operates through a process of tokenization managed by Backed Finance AG. When a user or platform requests the creation of COINx, the issuer purchases the equivalent amount of the underlying Coinbase stock through regulated brokers like Alpaca Securities or InCore Bank. These shares are then held in segregated custody accounts. The corresponding COINx tokens are minted on blockchains such as Ethereum, Solana, or Arbitrum.

Transactions on the network incur protocol service fees, which may include issuance and redemption fees of up to 0.50%. The system utilizes Chainlink oracles to provide high-accuracy, sub-second price data and to verify corporate actions in real time. This ensures that the on-chain token price remains closely aligned with the off-chain market price of the underlying equity.

Team Info and Investors

The COINx product is issued by Backed Assets (JE) Limited and tokenized by Backed Finance AG, a Swiss-based firm specializing in real-world asset tokenization. The parent company was co-founded by Adam Levi, Roberto Klein, and Yehonatan Goldman. Backed Finance is a key member of the xStocks Alliance, a collaborative group including major industry players like Kraken, Solana, and Chainlink. While specific early-stage investors for the COINx token itself are not detailed in isolation, the broader xStocks initiative is supported by integrated partnerships with platforms like Bybit and OKX.

Where can you buy Coinbase xStock?

COINX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Coinbase xStock is Gate, where the most active trading pair COINX/USDT has a trading volume of $348,961.78 in the last 24 hours. Other popular options include Bybit and Kraken.

What is the daily trading volume of Coinbase xStock (COINX)?

The trading volume of Coinbase xStock (COINX) is $4,412,946.80 in the last 24 hours, representing a -25.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Coinbase xStock (COINX)?

Coinbase xStock (COINX) reached an all-time high of $444.29 and an all-time low of $139.56. It’s now trading -62.30% below that peak and 20.20% above its lowest price.

What is the market cap of Coinbase xStock (COINX)?

Market capitalization of Coinbase xStock (COINX) is $8,278,405 and is ranked #1233 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of COINX tokens (49 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Coinbase xStock (COINX)?

The fully diluted valuation (FDV) of Coinbase xStock (COINX) is $131,162,447. This is a statistical representation of the maximum market cap, assuming total number of 780 Thousand ETH tokens are in circulation today.

How does the price performance of Coinbase xStock compare against its peers?

With a price decline of -7.10% in the last 7 days, Coinbase xStock (COINX) is underperforming the global cryptocurrency market which is down -2.80%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.