Cryptocurrency exchange Coinbase has launched a new service called “Verified Pools,” designed to reduce counterparty risk

Cryptocurrency exchange Coinbase has launched a new service called “Verified Pools,” designed to reduce counterparty risk

Coinbase is launching a new service called Verified Pools to reduce counterparty risk for decentralized finance (DeFi) participants. The company announced the new product on Tuesday, March 18.

Coinbase unveiled plans for 24/7 Bitcoin and Ethereum futures trading. These will be available on the Coinbase Derivatives platform in the coming weeks.

The company also revealed plans to launch perpetual-style futures with extended expiration dates, offering traders more options.

The move follows the U.S. Securities and Exchange Commission’s decision to drop its lawsuit against Coinbase.

The integration aims to create a safer trading environment for both retail and institutional traders.

The new service operates on Base, Coinbase’s Ethereum-focused Layer 2 network, and uses the Uniswap v4 protocol for trading functionality.

Verified Pools are non-custodial, meaning users retain full control over their assets.

The service is currently available in select regions: the United States, Singapore, Netherlands, British Virgin Islands, Cayman Islands, and Channel Islands.

For institutional clients, Verified Pools offer concentrated liquidity features, allowing liquidity providers to specify price ranges for their capital, potentially increasing efficiency and earning potential.

Institutional users can connect to the pools via API or use Coinbase’s Prime Onchain Wallet for an enhanced trading experience.

Retail traders can access the pools through Coinbase Wallet, providing a simpler way for everyday users to engage with DeFi trading.

The launch comes at a time when Coinbase appears to be in a favorable position. President Donald Trump’s administration has stated its aim to make the United States the “crypto capital of the world.”

Recently, Coinbase announced it would halt trading of three popular meme coins in New York. Trading of Floki (FLOKI), Turbo (TURBO), and Gigachad (GIGA) will be suspended in the state starting April 14.

Coinbase's KYC requirements for the pools are part of its broader compliance efforts, which includes scaling back access to some offerings in certain regions.