COINX: A New On-Chain Path to Investing in Coinbase

What is COINX?

COINX is an on-chain asset issued in Solana SPL and ERC-20 formats, with its price anchored to the actual stock market performance of Coinbase Global, Inc. It is supported for trading by the Gate platform and is part of its xStocks section, designed for users looking to participate in the stock market through cryptocurrency.

Unlike traditional stocks, COINX does not represent actual ownership of stocks, but rather is a derivative that simulates the price fluctuations of the underlying asset through on-chain mechanisms. This form is known as tokenized stocks, aiming to bridge traditional finance and the blockchain ecosystem.

Why pay attention to Coinbase?

As one of the largest compliant cryptocurrency trading platforms in the world, Coinbase is a bellwether company in the Web3 industry. Its services include trade matching, institutional custody, on-chain analysis, compliance products, and more, with tens of millions of users worldwide.

Coinbase’s financial reports and stock price fluctuations are often seen as important indicators of activity in the crypto market. For example, when the price of Bitcoin rises and the on-chain transaction volume of Ethereum increases, Coinbase’s revenue also rises, and the stock price reflects the market’s prosperity accordingly.

Therefore, laying out COINX is essentially betting on the development cycle of the cryptocurrency industry.

What are the advantages of COINX?

Compared to directly purchasing Coinbase stocks in the US, COINX has advantages in multiple aspects:

• Round-the-clock trading: No fear of time differences, buy and sell anytime 24/7;
• On-chain transparency: supports on-chain wallet access, viewing transaction history;
• No securities account threshold: No need to open a US stock account;
• Flexible Long and Short: Supports leveraged trading and flexible strategy deployment;
• Adapted for Web3 scenarios: compatible with DeFi, contract markets, and on-chain points systems.

These features make COINX a natural extension for crypto users to invest in traditional assets.

Gate xStocks: Providing liquidity support for COINX

Figure:https://www.gate.com/futures/USDT/COINX_USDT

The Gate xStocks section is an on-chain stock asset trading platform launched by Gate, covering tracking certificates corresponding to popular companies such as Google (GOOGLX), Tesla (TSLAX), and MicroStrategy (MSTRX).

COINX, as an important component, supports 1-10 times leverage, USDT settlement, and is equipped with a complete set of order types and risk control mechanisms. At the same time, Gate periodically launches trading competitions, deposit rebates, first-order gifts, and other activities to provide additional rewards for users participating in COINX trading.

This zone is dedicated to bringing high-quality global equity assets “on-chain,” with COINX being one of the first technology/crypto combined assets to go live.

How to start trading COINX?

1. Log in to the Gate platform and go to the 【Contract】 page;
2. Click on the [xStocks Zone], search for “COINX”;
3. Choose trading direction (long or short), leverage multiple (1-10 times);
4. Enter the order price and amount to complete the transaction;
5. Check your position profits and losses anytime through the App or website.

Gate’s trading interface is beginner-friendly, supporting graphical analysis and historical price backtracking, making it easy for users to get started quickly.

Conclusion: The on-chain “underlying asset” for Web3 investors

In the wave of tokenized stocks, COINX provides a new way to participate in Coinbase’s performance in real-time without the need for cross-border accounts. It not only meets the on-chain investors’ demand for familiar businesses but also symbolizes the gradual integration of traditional financial assets into blockchain. Whether you are a believer in the crypto industry or a rational investor optimistic about Coinbase’s long-term development, COINX is a new asset tool worth paying attention to.

Log in to Gate now, experience COINX, and participate in the “on-chain stock market” revolution of Web3!