Coinbase Wallet introduces loyalty rewards and cashback for traders

Coinbase Wallet has launched a new loyalty rewards program designed to incentivize high-volume trading. Under the program, eligible customers can receive up to 50% of their trading costs back in USDC. Rebates are calculated based on rolling 30-day trading volumes and are issued weekly.

The cashback tiers are structured as follows: 15% for volumes starting at $5,000, 30% for $25,000, 40% for $100,000, and 50% for volumes exceeding $500,000. These rebates are based on trading costs rather than the total transaction value.

In a related development, the platform BaiBai has announced support for Coinbase Tokenized Stocks on the Base network. BaiBai is running two incentive campaigns: a USDC cashback program for specific stock purchases and a volume-based competition with a reward pool that can reach up to $30,000.