Coinbase’s Crypto Summit: The Future of Money or Just Another Fancy Show?

In a dazzling display of crypto wizardry, Coinbase has decided to host its State of Crypto Summit in the bustling metropolis of New York City, where the pigeons are as confused about cryptocurrency as your grandmother. 🐦💸

Among the shiny new toys being unveiled are a credit card birthed from a partnership with the illustrious American Express, perpetual trading that sounds like a never-ending party, and a few mysterious developments for the Base network that might just be the next big thing—or a cosmic joke. 🤔

What Happened at Coinbase’s Summit?

Coinbase, the crypto exchange that’s practically a household name (if your household is run by tech-savvy aliens), has previously hosted two of these annual extravaganzas. This year, they’ve decided to roll out the red carpet for a parade of guest speakers while simultaneously patting themselves on the back for their own product offerings. Bravo! 👏

They made some rather audacious claims, including the promise of a credit card that will grace our wallets later this year:

Introducing the Coinbase One Card.
Earn up to 4% bitcoin back on every purchase.

Powered by @AmericanExpress network.
Coming fall 2025.

— Coinbase (@coinbase) June 12, 2025

This isn’t Coinbase’s first rodeo; back in 2021, they launched a debit card that was about as popular as a wet sock. But lo and behold, the crypto landscape has morphed into something entirely different since then. 🌍

In a plot twist worthy of a soap opera, American Express, which once scoffed at the idea of a crypto credit card, has apparently had a change of heart. Perhaps they consulted a magic eight ball? 🔮

With the promise of 4% back in Bitcoin for every purchase, American Express is diving headfirst into the Web3 waters. So far, Coinbase’s Summit has left us with more questions than answers, but the excitement is palpable—like a cat on catnip. 🐱💨

Additionally, the exchange is gearing up to offer regulated perpetual futures trading in the United States. While they’ve dabbled in perpetuals trading elsewhere, bringing it to the US is like finally getting a decent cup of tea in a diner. ☕

Crypto futures trading has been a goldmine lately, with Hyperliquid reigning supreme in activity and revenue—because who doesn’t want to trade futures while sipping a latte? ☕💰

Coinbase also teased a few other shiny products at the Summit. They claimed that Shopify is preparing to accept USDC payments on Base, offering a delightful percentage of returns with every purchase. It’s like a cashback program, but for the digital age! 🛍️

Coinbase and Circle, who are practically best friends at this point, have teamed up with Shopify to launch a new commerce standard that sounds fancy enough to impress your tech-savvy friends:

But wait, there’s more! This wasn’t the only Base-specific product on display at Coinbase’s Summit. In addition to the main company’s CEX capabilities, Base will also host DEX trading. It’s like a buffet of assets within Coinbase’s app, especially for those who enjoy the thrill of new speculative tokens and meme coins that pop up daily like mushrooms after a rain. 🍄💸

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2025-06-13 01:31