Coinbase has launched Pulse Mode for mobile perpetual futures trading following the Base App rebrand to Coinbase Wallet. According to Coinbase CEO Brian Armstrong, who announced the feature in a September 12 post, Pulse Mode presents a simplified interface for opening and managing leveraged long or short positions without leaving the application. The feature appears to reorganize Coinbase Wallet's existing perpetual futures function around a faster trading screen, emphasizing market direction, position size and execution instead of presenting every advanced setting at once. However, Coinbase has not published detailed technical specifications, fee schedules, or a complete list of supported markets for Pulse Mode.
According to PRNewswire, ION, a global leader in trading and workflow automation software, has announced that Coinbase has selected ION's XTP for Event Contracts to support event contract clearing for Kalshi, the world's largest prediction market. Event Contracts is ION's latest extension to its flagship XTP solution, offering a fully automated, real-time platform for the creation, resolution, and settlement of event-based contracts. The partnership enables Coinbase to confidently support execution and processing of event contracts in real-time with minimal impact to existing operational processes while supporting real-time contract design capability, onboarding of tens of thousands of accounts per day, and fully automated 24/7 processing. ION and Coinbase partnered to support Kalshi's listing of event contracts in December 2025, with XTP's modern architecture enabling an accelerated deployment timeframe through three-way collaboration between ION, Coinbase, and Kalshi. During the initial rollout, XTP demonstrated its ability to support high-volume activity for Kalshi, including processing its first one million trades over Super Bowl weekend.
Perpetual futures powered by Hyperliquid continue to serve as the foundation for Coinbase Wallet's trading capabilities, with the integration adding more than 290 markets and leverage of up to 50 times for eligible users. According to Coinbase's current Google Play listing, the wallet's perpetual markets are powered by Hyperliquid, allowing users to take long or short positions in crypto, stocks, commodities and other referenced markets through the mobile application. Perpetual contracts have no scheduled expiration date, with traders keeping positions open while meeting margin requirements and paying or receiving funding charges determined by the market's mechanism. The current listing confirms that perpetual futures are available only to non-U.S. users in selected jurisdictions, with the company warning that trading carries substantial risk and may not suit every user. Coinbase has not stated whether Pulse Mode changes Hyperliquid's normal order processing, margin rules or funding calculations, presenting the mode as an interface inside the wallet.
According to reports from explainx.ai, Coinbase has officially launched AI trading agents built on xAI's Grok, extending direct portfolio automation to users through its AiFi (Agent Finance) initiative. This represents the latest step in Coinbase's pattern of expanding agent-based trading capabilities, following the June 2026 launch of Coinbase for Agents MCP and CLI integration. The Grok integration specifically enables users to connect their Coinbase accounts to xAI's Grok AI assistant, reducing friction for Grok users to participate in the same agent-trading ecosystem Coinbase has been building throughout 2026. The significance lies in broadening which AI assistants users can connect to their Coinbase accounts, rather than representing an entirely new trading infrastructure.
Following the name change, Coinbase Wallet supports 10 networks, including the newly added Robinhood Chain and Monad, expanding beyond the previous Base App's limited scope. According to Coinbase's updated website, the wallet supports Base, Bitcoin, Ethereum, Solana, BNB Chain, Optimism, Arbitrum, Polygon, Avalanche, Monad, and Robinhood Chain. The wallet maintains self-custodial features, with customers retaining control of their private keys and assets, while automatically identifying and hiding tokens classified as scams or malicious assets. In August, Coinbase brought four tokenized U.S. stocks to Base, offering eligible non-U.S. investors onchain exposure to Apple, Nvidia, Meta and Alphabet through 1:1-backed stock tokens issued through a Coinbase-controlled company in the Abu Dhabi Global Market. The wallet can connect with assets and applications on Base while supporting other networks through the same interface, with the product operating in more than 170 countries and supporting 20 languages according to app-store disclosures.
According to latest market data, COIN stock traded about 1% higher during Wednesday's premarket session even as broader index futures weakened. Nasdaq futures fell 0.47%, while S&P 500 futures declined 0.31%. The positive market response reflects investor confidence in Coinbase's infrastructure expansion for its prediction-market business. Coinbase earns revenue from trading and product fees inside the wallet, though the company did not provide details about the fee structure or figures showing whether the trading focus has increased user numbers. The wallet's new positioning around multichain trading and perpetual futures represents a strategic shift from the failed social features experiment, with CEO Brian Armstrong acknowledging in March that the company's social experiment "didn't quite work." Most notably, BeInCrypto counted four Base experiments that flopped before Armstrong pulled the plug, including Zora, creator coins, team-backed tokens, and the social-first Base App. "We messed up, time to turn the page," Armstrong said at the time.
