币界网报道：In 2025, with the Trump administration promoting crypto-friendly policies, Coinbase has ushered in major development opportunities. After the U.S. SEC ended its two-year investigation, the platform accelerated its global compliance layout: launching perpetual contract products regulated by the CFTC and entering the derivatives market; breaking the coin listing barrier through the Base chain DEX, and the ecosystem TVL has reached US$3.92 billion; applying for the EU MiCA license and promoting tokenized stock business, connecting traditional securities with on-chain transactions. JPMorgan Chase announced that it will pilot the issuance of JPMD tokens on the Base chain, marking the recognition of Coinbase infrastructure by mainstream financial institutions. At the same time, the platform launched the subscription service Coinbase One, integrating USDC income and payment functions to build a complete crypto-economic closed loop from trading to consumption. As a long-established compliant exchange established in 2012, Coinbase is building a bridge of trust between CeFi and DeFi through institutional innovation.