Coinbase (Nasdaq: COIN) delivered an impressive set of achievements in October 2025, showcasing its aggressive push into global markets, decentralized finance (DeFi), and payments innovation. The U.S.-based crypto exchange reported $1.8 billion in net revenue for Q3 2025 and outlined a series of product launches and partnerships that underscore its leadership in digital finance.
Global Expansion and Strategic Partnerships
Coinbase partnered with Citi to develop new payment solutions, marking a significant step in bridging traditional banking with crypto. The company also acquired Echo, a technology firm, to bolster its infrastructure capabilities, and invested in Indian exchange Coindcx to strengthen its presence in India and the Middle East.
In a move to simplify global remittances, Coinbase launched the Coinbase Pay Tab, enabling users to send crypto to over 100 countries. A collaboration with Samsung brings crypto functionality to more than 75 million Galaxy smartphone users in the U.S., significantly expanding the exchange's retail reach.
DeFi and Product Innovations
October saw Coinbase make major strides in decentralized finance. The exchange introduced DeFi lending for USDC, and opened decentralized exchange (DEX) trading to all U.S. users except those in New York. A key milestone: onchain loans backed by bitcoin surpassed $1 billion, highlighting growing demand for collateralized crypto lending.
Coinbase also enabled crypto staking in New York, a significant regulatory achievement. On the stablecoin front, it launched XSGD and AUDD on its Base network, bringing the total supported local currencies to 16. A new asset listing process called "Blue Carpet" was introduced to streamline token additions.
Developer and Business Tools
For developers, Coinbase launched CDP Embedded Wallets through its developer platform, simplifying wallet integration. The company also introduced the Payments MCP protocol via x402, allowing AI agents to manage wallets and execute onchain payments autonomously. Coinbase Business rolled out new payment tools for enterprises, and the exchange open-sourced its design system.
Retail users gained access to the Coinbase One Card nationwide, offering up to 4% bitcoin rewards on purchases, a powerful incentive for everyday crypto adoption.
Policy Advocacy
Rounding out the month, Coinbase held an outreach initiative in Washington, D.C., where CEO Brian Armstrong met with lawmakers to advocate for clear, innovation-friendly crypto regulations. This effort reinforces the company's commitment to shaping a favorable policy environment for digital assets.