Markets

One venue. Four market structures.

Live reference tape · last 24h · Coinbase Exchange public API

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Spot

Continuous on-chain order book for majors, blue-chip ERC-20s, and institutional stablecoins. Maker rebates, deterministic match priority, and atomic settlement.

BTC · ETH · SOL · stables
Tight institutional spreads
Atomic on-chain settlement

Perpetuals

Cross-margined perpetual futures with funding driven by transparent index pricing. Risk engine published in full, liquidations executed on-chain.

Up to 20× cross margin
Transparent index pricing
Public liquidation engine

Treasury rails

Direct institutional settlement: cash-to-asset, asset-to-cash, in minutes. Wire and on-chain in, on-chain and wire out — under a single audit trail.

Same-day USD wire
Tri-party reporting
Per-entity sub-accounts

Tokenized RWAs

T-bills, money-market funds, and credit instruments — issued, traded, and settled with the same primitives as any other asset on the venue.

Treasury bills
Money-market funds
Private credit