🎯 Coinbase's First Token Sale Wraps Up

🎯 First Sale Done

By Coinbase
Nov 24, 2025, 4:09 PM
twitter

Coinbase's inaugural token sale concludes successfully

The $MON (Monad) token sale on Coinbase has officially wrapped up, marking a milestone for the exchange's new token sales platform.​

Key results:

  • 85,800 participants from 70+ countries
  • $269 million committed
  • 1.​43x oversubscribed
  • 99% of participants will receive their full allocation

The sale, which launched on November 17, was notable for including US users - a significant development in token sales accessibility.​

What's next:

  • Token allocations coming soon
  • Platform designed to prioritize genuine supporters over speculators

This marks Coinbase's entry into structured token launches, emphasizing fair distribution over traditional first-come-first-served models.​

Sources
Read more about Coinbase

🔥 Coinbase Acquires Vector

**Coinbase is acquiring Vector**, a Solana meme coin application, to enhance its on-chain trading capabilities. Key details: - Only Vector is being acquired by Coinbase - **Tensor Foundation remains independent** - Tensor NFT marketplace stays separate from Coinbase - Native token also remains unaffiliated This move expands Coinbase's support for the **Solana trading ecosystem** while maintaining clear boundaries between the acquired platform and existing Tensor infrastructure. [Read full details](https://www.coinbase.com/blog/Coinbase-to-acquire-Vector-expanding-support-for-the-Solana-trading-ecosystem)

🎙️ Coinbase CEO Opens Up

**Coinbase CEO Brian Armstrong** appeared on a new podcast episode with Kevin, diving into the **raw realities of building a crypto company**. Key topics covered: - **Building through market downturns** and challenging periods - **Founder mental health struggles** and personal challenges - **Managing burnout** in high-pressure environments - **Staying committed to company mission** during tough times - Light moments including discussion about being bald The candid conversation offers rare insights into the **personal side of leading** one of crypto's biggest companies through volatile times. [Watch full episode on YouTube](https://www.youtube.com/watch?v=NK9kBiZTRqw)

Coinbase Launches ETH-Backed USDC Loans via Morpho on Base

**Coinbase now offers ETH-backed loans** allowing users to borrow USDC against their Ethereum holdings without selling. **Key Features:** - Powered by Morpho protocol - Built on Base network - Available to US users (excluding New York) - **Staked ETH (cbETH) loans coming soon** **How it works:** Users can unlock liquidity from their ETH holdings by using them as collateral for USDC loans, maintaining their crypto exposure while accessing cash. **Important considerations:** - Variable interest rates - Risk of collateral liquidation - Terms subject to market conditions This follows Coinbase's recent launch of Bitcoin-backed loans, expanding their DeFi lending offerings. [Learn more](http://coinbase.com/blog/now-get-a-USDC-loan-without-selling-your-crypto) | [Get started](http://coinbase.com/borrow)

Coinbase Announces Major System Update and Product Reveals for December 17

**Coinbase is preparing for a significant system update** scheduled for December 17 at 2PM PT, promising major product announcements and key business updates. The exchange describes this as **"a new era of Coinbase beginning"** and will broadcast the event live. Users can learn more and add the event to their calendars at [coinbase.com/events](https://www.coinbase.com/events). This follows Coinbase's pattern of scheduled system upgrades, including a previous temporary offline period in October 2024 that affected all trading and transfer services across their platforms.