# Coinbase Base network expansion and integration

> Live situation record from CLSTR: https://clstr.news/situations/coinbase-base-network-expansion-and-integration
> Updated: 2026-08-17T21:00:00.000Z. Sources: 16. Developments: 2.

Coinbase has focused on expanding the utility and financial reach of its Base network. Initially, the company emphasized global cryptocurrency adoption through stablecoins, with the Base network becoming a major infrastructure layer for stablecoin-linked card payments. By July 2026, Base accounted for approximately 19% of tracked crypto card spending volume, supported by Visa’s expansion of its stablecoin settlement pilot to the network. Coinbase CEO Brian Armstrong has advocated for broader adoption, suggesting that decentralized finance (DeFi) and tokenized stocks could provide financial services to billions of unbanked or unbrokered individuals worldwide.

Following these infrastructure developments, Coinbase expanded its Base App’s trading capabilities by integrating Hyperliquid’s perpetual futures engine. This integration allows eligible self-custody users to trade over 290 perpetual contract markets, including Bitcoin, Ethereum, and various tokenized stocks and commodities, with up to 50x leverage. While the Base App serves as the user interface, Hyperliquid manages trade execution and liquidity.

This feature is subject to geographic restrictions and is not available to users located in the United States, United Kingdom, or Canada. Coinbase Head of Engineering Chintan Turakhia noted that perpetuals are a “highly requested feature,” as they represent a significant portion of total crypto trading volume. This move builds on a partnership established in May 2026, in which Coinbase was designated as the official USDC treasury deployer on the Hyperliquid network.

## Claims

- President Donald Trump stated that CFTC Chair Mike Selig is working on a legal path to bring Hyperliquid into the U.S. market. (corroborated by 5 sources)
- Coinbase has integrated Hyperliquid perpetual futures into its Base app. (corroborated by 4 sources)
- The HYPE token price surged approximately 20% following comments made by Donald Trump. (corroborated by 4 sources)
- The Base app integration provides access to over 290 markets, including cryptocurrencies, stocks, and commodities. (corroborated by 4 sources)
- Users in the United States, United Kingdom, and Canada are excluded from accessing the Base app Hyperliquid integration. (corroborated by 2 sources)
- Hyperliquid Policy Center and trade[XYZ] filed a comment letter to the SEC regarding IPO modernization. (single source)
- At least five trade[XYZ] pre-IPO perpetual markets have completed their full life cycle on Hyperliquid. (single source)
- The letter highlights regulatory questions the SEC must resolve before opening IPOP markets in the US. (single source)
- An IPOP is a financial instrument for expressing directional views on equity before a scheduled listing. (single source)
- Holding an IPOP does not grant actual shares, voting rights, or claims against the issuer. (single source)
- Hyperliquid urged the SEC to consider instrument classification, disclosure, guardrails, integrity, and onshore access. (single source)
- Multicoin Capital has invested over $100 million into HYPE. (single source)

## Timeline

### 2026-08-17: Hyperliquid HYPE token surges following Trump's regulatory comments

HYPE token prices surged following Donald Trump's comments regarding a legal path for Hyperliquid in the U.S. Meanwhile, Coinbase integrated Hyperliquid futures into its Base app for eligible global users.

15 sources. https://clstr.news/cluster/coinbase-integrates-hyperliquid-perpetuals-into-base-app

### 2026-08-13: Coinbase CEO advocates for global crypto adoption as Base expands payment footprint

Coinbase CEO Brian Armstrong promotes global crypto adoption via stablecoins, while the Base network captures 19% of the stablecoin card payment market.

2 sources. https://clstr.news/cluster/coinbase-ceo-advocates-for-global-crypto-adoption-as-base-expands-payment-footprint

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Cite as: Coinbase Base network expansion and integration. CLSTR, https://clstr.news/situations/coinbase-base-network-expansion-and-integration