Coinbase xStock 

COINX Price

What is Coinbase xStock (COINX) tokenized stock?

Coinbase xStock (COINX) is a tracker certificate that tracks the price of Coinbase Global (NASDAQ: COIN) Class A common stock and trades on-chain around the clock. Backed Assets (JE) Limited issues the certificate; Backed Finance AG tokenizes it (ISIN CH1436219708). COINX belongs to the xStocks network, which lists 700+ tokenized US stocks and ETFs across 110+ countries. Holders get COIN price exposure without a brokerage account — with no voting rights and no direct share ownership.

What asset does Coinbase xStock (COINX) track and what is COINX backed by?

Each COINX token is backed 1:1 by one share of Coinbase Global Class A common stock (underlying ISIN US19260Q1076). The underlying shares sit with a regulated third-party custodian, and COINX holders carry a direct, senior claim on those shares. The claim covers price exposure only. Coinbase xStock (COINX) confers no shareholder rights — no voting and no direct ownership of Coinbase Global.

Who issues Coinbase xStock (COINX) and how is it regulated?

Backed Assets (JE) Limited, a Jersey private limited company, is the issuer of record; Backed Finance AG (Switzerland) acts as tokenizer. The certificates are offered under a prospectus approved by the Liechtenstein FMA. EU/EEA distribution runs through Payward Europe Digital Solutions (CY) Ltd, a MiFID II-regulated Cyprus investment firm. Coinbase xStock (COINX) is not available to residents of the United States, the United Kingdom, Canada, Australia, or sanctioned jurisdictions.

Does Coinbase issue Coinbase xStock (COINX)?

No. Coinbase Global is the underlying equity that COINX tracks — Backed Assets (JE) Limited is the issuer of Coinbase xStock (COINX). Coinbase separately launched its own tokenized-equity product on Base in August 2026. The two are different instruments with different issuers and different custody, so conflating them mixes up issuer and redemption risk.

Is COINX a coin, a token, or a tokenized stock?

Neither, in the protocol sense. Coinbase xStock (COINX) is a tracker certificate — a tokenized equity wrapper rather than a network asset. The certificate exists as an ERC-20 contract on Arbitrum One and an SPL mint on Solana, and DropsTab classifies it under Tokenized Stock. COINX has no gas role, no staking, and no governance.

Where can I buy the Coinbase xStock (COINX) tokenized stock?

Per DropsTab data, Coinbase xStock (COINX) trades across at least 5+ venues in three market types. Centralized spot venues — Gate, Bybit, BingX, and MEXC — quote COINX against USDT. Perpetual futures trade on Gate.io Futures (COINX_USDT) and Kraken Futures (PF_COINXUSD). On Solana, decentralized liquidity sits in concentrated-liquidity pools on Raydium and in a Meteora COINX/SOL pool.

Can the Coinbase xStock (COINX) price differ from NASDAQ: COIN?

Yes. When US markets are closed, the underlying share cannot be arbitraged directly, so Solana DEX pools can price COINx at a premium or a discount to NASDAQ: COIN. Centralized order books for COINX are also thin relative to the underlying equity. Entry and exit through Backed's mint/redeem window carries fees of up to 0.50% of investment value.

How does Coinbase xStock (COINX) token supply work?

Supply is an elastic mint/redeem inventory with no fixed maximum. Market makers mint new certificates when underlying COIN shares are deposited with the custodian and burn them on redemption, so on-chain supply mechanically mirrors demand for the wrapped equity. No allocation goes to insiders, and no vesting cliff exists — holders face no unlock-driven dilution. The live supply figure appears on DropsTab.

What is the point of tokenized stocks like Coinbase xStock (COINX)?

Tokenized stocks give crypto users on-chain exposure to equities without a brokerage account, including outside US market hours. A COINX holder can move the certificate between wallets, post it as DeFi collateral, or supply DEX liquidity. The xStocks network reports cumulative transaction volume above $35B across its listings, per issuer figures. The trade-offs are fee drag and the absence of shareholder rights.