State of Crypto Summit 2025

Coinbase convened over 600 policymakers, financial leaders, and technology innovators at its third annual State of Crypto Summit, highlighting a dramatic shift in crypto’s global role and unveiling its largest initiative to date: building the future of global payments.

State of Crypto Summit 2025: Coinbase Hosts Third Annual Summit, Unveils Bold Push into Global Payments and Stablecoin Infrastructure

Following the company’s announced acquisition of Deribit, the leading crypto derivatives exchange, Coinbase is now expanding its platform to offer the most comprehensive suite of crypto derivatives globally. But the main focus at this year’s summit was clear: Coinbase is betting big on payments and stablecoins.

According to the 2025 State of Crypto Report, stablecoins are gaining rapid momentum:

• 81% of crypto-aware SMBs express interest in using stablecoins.
• Fortune 500 executive interest has tripled since 2024.
• The total stablecoin supply hit $227 billion in April 2025 — a 54% YoY increase.
   

Small and medium-sized businesses are increasingly adopting stablecoins to reduce fees, streamline payroll, and accelerate cross-border transactions. Notably, 82% of crypto-aware SMBs say crypto helps resolve at least one core financial challenge they face.

Bipartisan Support and Expanding Onchain Utility

The event also illustrated crypto’s transformation from a fringe technology to foundational infrastructure. Prominent speakers across the political spectrum, including David Plouffe and Chris LaCivita, emphasized bipartisan agreement on crypto’s economic significance. Industry leaders such as Mary-Catherine Lader, Dave Olsen, and CFTC Acting Chairman Caroline Pham spotlighted regulatory progress and called for balanced frameworks that support innovation while ensuring consumer protection.

Onchain innovators like TYB, Morpho, and Polymarket demonstrated that crypto use cases now extend well beyond finance, touching media, markets, and digital communities.

“Crypto is no longer niche. It’s embedded in the apps we use, the capital markets we invest in, and the workforce we’re training for the next generation of innovation,” the company stated.

Coinbase Product Announcements Reflect Payments-Led Vision

Coinbase revealed several new product launches aligned with its 2025 mission to drive seamless, global crypto payments. As CEO Brian Armstrong said during the event, “The mission of coinbase is to enable economic freedom in the world. And we believe that crypto is a unique enabling technology to accomplish this mission.”

Key product highlights include: Coinbase Business

A new account experience for SMBs and startups to send, receive, and manage crypto payments with features such as:

• Buy/sell/exchange capabilities from the business dashboard.
• Vendor and payroll payments in crypto.
• Crypto accounting integrations with Xero, QuickBooks, and Crypto Tax Calculator via Cointracker.
   

Businesses can join the waitlist immediately.

Coinbase Payments

A modular, stablecoin-powered payment stack enabling merchants and providers to:

• Accept USDC via simple API-first integrations.
• Manage subscriptions, settlements, and refunds effortlessly.
• Convert USDC to fiat and settle to bank accounts instantly.
• Provide a seamless checkout experience without requiring wallet downloads or crypto expertise.
   

Shopify x Coinbase Integration

A major partnership to bring USDC payments on Base to millions of Shopify merchants with:

• No additional setup or action required from merchants.
• 1% cash back for US customers who pay with USDC on Base (launching later this year).
• A jointly developed open-source commerce payments protocol enabling features like delayed capture, tax finalization, and refunds.
   

DEX Trading on Coinbase

Coinbase is integrating decentralized exchange (DEX) trading directly into its main app, allowing users to:

• Trade thousands of assets—starting with Base and expanding to more networks.
• Access new assets immediately upon creation.
• Fund trades via their existing Coinbase balance without complex wallet setups.
• Maintain self-custody and receive trade data insights before executing.
   

Coinbase One Card

In partnership with Cardless and American Express, Coinbase will launch its first credit card this fall, available to Coinbase One members. Benefits include:

• Earn up to 4% bitcoin back on all purchases.
• Tiers based on asset holdings.
• A 17g metal card etched with the Genesis Block code.
• Access to exclusive experiences and protections through the American Express Network.
   

A new Coinbase One Basic tier is also being introduced at $4.99/month or $49.99/year. Interested customers can join the waitlist on the Coinbase website.

Looking Ahead

As stablecoin adoption grows across consumer and institutional audiences, Coinbase emphasized its commitment to delivering a financial system that moves at the speed and scale of the internet.

“From corporate rails to real-world usage, the future of money isn’t coming — it’s here,” the company noted. “Payments built on stablecoins are leading the charge.”

Building The Future Of Money | Coinbase Product Strategy 2025