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About Coinbase
COIN tracks the value of 1 share of common stock in Coinbase Global, Inc. Coinbase operates a cryptocurrency exchange providing trading, custody, and digital asset infrastructure.
On Hyperliquid, COIN trades as a HIP-3 synthetic perpetual on the xyz decentralized exchange, with its own mark price, funding rate and liquidity.
COIN is listed as a Hyperliquid HIP-3 perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Consumer Tech.
Frequently Asked Questions
- Does trading COIN give me any of the rights of owning Coinbase stock?
- No. COIN is a synthetic perpetual with no delivery mechanism or arbitrage bridge to Coinbase's actual shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying stock.
- Where is Coinbase listed, and in what currency does COIN trade?
- Coinbase is a U.S. company listed on the Nasdaq stock exchange, and its common stock trades in U.S. dollars. COIN's price already reflects that USD-denominated stock, with no currency conversion involved.
- How is COIN different from other names, like HOOD?
- COIN operates a cryptocurrency-only exchange, providing trading, custody, and infrastructure for digital assets. HOOD, by contrast, is a multi-asset retail brokerage offering equities and options trading alongside crypto.
- What is COIN on Hyperliquid?
- COIN on Hyperliquid is a HIP-3 synthetic perpetual contract that tracks price exposure linked to 1 share of Coinbase Global, Inc. common stock — Coinbase operates a cryptocurrency exchange providing trading, custody, and digital asset infrastructure. It trades 24/7 on the xyz decentralized exchange within the Hyperliquid ecosystem, so you can go long or short without holding any shares.
- Why can COIN's Hyperliquid price differ from the underlying market's price?
- COIN's price on Hyperliquid comes from a synthetic market with no delivery mechanism or arbitrage bridge to the underlying, so nothing forces the two to match at all times. The perpetual's price is driven by positioning, expectations, and funding rates on Hyperliquid, and significant divergence from the underlying price is possible.
- Can I trade COIN on Hyperliquid around the clock?
- Yes. COIN trades 24/7 as a HIP-3 synthetic perpetual on the xyz decentralized exchange within the Hyperliquid ecosystem, with no settlement delay — you can open, hedge, or close a position at any time, even outside the underlying market's regular trading hours.
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