Is this real Coinbase stock?

No — it's a perpetual futures contract that tracks the Coinbase share price. You earn or lose as the price moves, but there are no shares, dividends or voting rights involved.

Can I trade COIN without KYC?

Yes. Hyperliquid is a decentralized exchange, so there is no account and no identity check — you trade from a self-custody wallet. Dexly is a non-custodial interface and never holds your funds.

Can I trade Coinbase after hours or on weekends?

Yes — that's the point. The COIN perpetual trades continuously, through earnings nights, weekends and holidays, while the stock itself is stuck waiting for the Nasdaq open.

Leverage. If the price moves far enough against a leveraged position, it gets liquidated and the margin behind it is gone. Funding payments also accrue while a position is open. Size positions accordingly.

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Coinbase (COIN)

the COIN price, still moving after Nasdaq goes home

COIN is a crypto position wearing a stock ticker — when Bitcoin runs, Coinbase’s revenue and its share price run harder. Trading it on a DEX completes the loop: crypto rails, equity exposure.

Trade COIN now Full Coinbase trading guide

No brokerage account
No KYC
24/7 markets
Long or short
Self-custody

Live on Hyperliquid

$157.64-2.64%

xyz:COIN · USDC

24h

24h volume

$4.9M

Open interest

$68.9K

Funding rate

0.0006%

Max leverage

10x

Proof of 24/7

The day that never closes

The last 24 hours of the Coinbase price. Scroll — the cursor sweeps the day; watch the line as it crosses the Nasdaq close.

Nasdaq opens

9:30 AM ET

Nasdaq closes

This line keeps going

last 24h · $155.55–$163.61

Can you trade Coinbase on-chain?

Yes. Hyperliquid runs a perpetual (xyz:COIN) that follows the Coinbase share price via an oracle, and Dexly is the interface for trading it from your own wallet. No brokerage account, and the market doesn't close at 4pm. What you trade is the price — the contract is not a share of Coinbase.

The trade

What exactly are you trading?

A perpetual futures contract that follows the Coinbase share price through an oracle. Your profit and loss come from the price moving — nothing else. You don't own shares, collect dividends or vote. What you get instead is a market that trades while Nasdaq sleeps, takes a short as easily as a long, and settles against collateral that never leaves your wallet.

Why on-chain

What this market does that a brokerage can’t

No account to open

Connect a wallet and trade. There is no application, no ID upload, no waiting for approval.

The 4pm bell means nothing

Earnings drop at 4:05. Here you trade the number the second it prints — not at tomorrow’s open.

Short without asking

No margin-account approval, no locates, no borrow fees. Down is a direction, not a privilege.

Your money stays yours

Collateral sits in your own wallet until a trade settles on-chain. No broker holds the balance.

Set up in minutes

Trading Coinbase on Dexly, in three steps

Fund a wallet with USDC

Any self-custody wallet works. USDC on Arbitrum is the collateral for every position.

Open the COIN market

Connect on dexly.trade or in the app and search COIN — the live Coinbase order book opens.

Set the trade and let it run

Pick a side, size it, set leverage. Take-profit and stop-loss watch the position so you don’t have to.

Trade COIN now

Pronto?

Fai trading su Hyperliquid con Dexly

Perps, spot, copy e mercati predittivi in una app veloce e in auto-custodia. Scarica Dexly su iOS e Android e inizia in pochi secondi.

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Coinbase — FAQ

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Dexly is an independent, non-custodial interface for the public Hyperliquid protocol and is not affiliated with Hyperliquid Labs or with the companies named on this page. Perpetual futures are leveraged derivatives and involve significant risk. Nothing on this page is investment advice.