Coinbase Business has processed more than $1 billion in transactions across over 5,000 companies, marking a significant milestone as the exchange scales its integrated crypto payment, trading, and treasury platform for small and medium-sized enterprises. The figure underscores growing demand from businesses seeking to hold, trade, and transact in digital assets through regulated infrastructure rather than consumer-grade wallets.

Coinbase CEO Brian Armstrong stated that the product has been growing organically through word of mouth, without any paid marketing campaigns. He pointed to strong demand across payments, trading, treasury management, and bill-payment services as key drivers of adoption.

The platform is currently available to eligible companies registered in the United States and Singapore — two jurisdictions where Coinbase holds operating licenses under the New York Department of Financial Services and the Monetary Authority of Singapore, respectively. Businesses can link a bank account, fund their Coinbase balance, trade more than 200 crypto assets, and move funds seamlessly between digital assets and U.S. dollars.

Coinbase Business consolidates payments, custody, trading, and financial reporting within a single corporate account. The platform advertises 3.35% annual rewards on eligible USDC balances, though rates vary depending on location and account terms. USDC, issued by Circle, is the second-largest stablecoin by market capitalization and a core component of Coinbase's institutional and corporate strategy.

USDC Powers Payments and Treasury Operations

Through Coinbase Business, companies can generate payment links, issue invoices, and send global payouts. All payments settle directly into the company's custodial Coinbase account, where balances can be traded, held, transferred, or withdrawn to a connected bank account.

Payment links accept USDC from supported wallets and apply a fee on completed transactions. Businesses can also automate contractor, supplier, and customer payments via Coinbase APIs, including scheduled and batch payout options.

The platform equips finance teams with accounting integrations, transaction exports, and audit-ready reporting alongside its custody and trading capabilities. Coinbase Business customers are automatically enrolled in USDC rewards unless they choose to opt out, while withdrawals and conversions remain subject to account-level and regional limits.

Coinbase has been extending its stablecoin infrastructure into external payment networks as well. Its integration with Nium enabled USDC-funded payouts across more than 190 countries, allowing enterprise customers to settle transfers in either stablecoins or local currencies.

Additionally, Coinbase Payments recently connected USDC and EURC to Spiko's tokenized money-market funds, creating a bridge between stablecoin balances and regulated Treasury-bill products.

Coinbase Commerce Migration

Coinbase Business has replaced Coinbase Commerce as the company's primary merchant account product. Commerce users were required to complete migration before March 31, 2026, at which point Coinbase shut down access to the legacy dashboard and payment-creation tools.

The newer platform operates on a custodial model, in contrast to the self-custodial architecture of the former Commerce product. Coinbase controls assets held within the business account, which enables direct bank withdrawals, USDC rewards, accounting integrations, and trading from a single interface.

Companies outside the United States and Singapore remain ineligible for Coinbase Business and must join the international waitlist. Coinbase has indicated plans to expand to additional countries during 2026. Current applicants are required to have a registered business entity and a business bank account to complete onboarding.