Coinbase Secures MiFID License in the United Kingdom

Coinbase has launched a new lending feature for Coinbase One members, offering approximately 7% annual percentage yield (APY) on USDC deposits. **Key Details:** - Available exclusively to Coinbase One subscribers - Flexible withdrawals with no lockup period - Powered by [Morpho Labs](https://morpho.org) and [Steakhouse Financial](https://steakhouse.financial) - Built on Base network - Currently live in the US (excluding New York) and select international markets **Important Notes:** - APY rates are subject to change - Withdrawals may experience delays during periods of high demand - Users should review [terms and conditions](https://www.coinbase.com/blog/earn-competitive-yields-by-lending-your-usdc) before participating This represents a decrease from the 10% APY initially offered when the service launched in October 2025.

Coinbase has launched the **Coinbase Champions Cup**, its first trading competition specifically for users in India. **Competition Details:** - Total prize pool of **₹3.3 Crore** (approximately $400,000 USD) - Open exclusively to Coinbase users in India - Competition format based on trading activity **Prizes Include:** - A Mini Cooper vehicle - Luxury watches - International trips to New York City and Abu Dhabi - USDC cryptocurrency rewards - Additional prizes from the prize pool The competition represents Coinbase's continued expansion efforts in the Indian market, offering both monetary and experiential rewards to encourage platform engagement. [Register for the competition](https://coinbase.com/coinbase-champions-cup-india)

Coinbase has obtained investment services authorization in the UK, marking its largest product expansion in the region to date. **Key developments:** - The authorization will enable Coinbase UK to offer both equities and derivatives trading - This represents a significant step toward Coinbase's vision of becoming an "everything exchange" - The UK is currently Coinbase's largest market outside the United States The expansion builds on Coinbase's growing presence in the UK market and signals the company's continued push to diversify beyond cryptocurrency-only offerings into traditional financial products.

Coinbase is expanding its trading offerings with **perpetual-style equity index futures** launching in the U.S. on June 8. **Key Features:** - Trade long or short positions on major market sectors and trends - Perpetual-style contracts (no expiration dates) - Available for U.S. traders on the Coinbase platform This follows Coinbase's earlier launch of stock perpetual futures in March, continuing the exchange's push into traditional finance products alongside crypto trading. [Read the full announcement](https://www.coinbase.com/blog/coming-june-8-perpetual-style-equity-index-futures)