Coinbase xStock

Coinbase xStock (COINx) is a token that tracks the shares, traded on Nasdaq under the ticker COIN, of Coinbase Global, Inc., which offers crypto trading, custody and management services to retail and institutional clients. The token is issued as a tracker certificate under the xStocks umbrella by Backed Assets (JE) Limited.

The value of COINx depends on Coinbase shares, which are sensitive to trading volumes in the crypto market and regulatory developments; however, the token holder does not become a shareholder of the company and cannot vote. The underlying shares are held at the firms listed as custodians on the issuer's product page, and token holders' rights are overseen through a security agent. In its CoinGecko listing the token appears on Ethereum, Solana, BNB Chain and Arbitrum. The product is not offered to US persons; access in other countries depends on Backed's list of restricted countries and the rules of intermediary platforms.

Lzzo.com matches this token by issuer, Ethereum network and contract address. For the price, the USD pair on Kraken is checked first; next, the USDT pair on Bybit is converted into dollars at Coinbase Exchange's USDT/USD rate, and as a last option a Jupiter (Solana) pool with sufficient liquidity is used. Because the crypto market is also open at weekends, the token price can move away from the last close of COIN shares.