Mentioned in This Article
1. Coinbase Wallet Terminal is aimed at professional traders
Coinbase Wallet is developing a web-based trading product called Coinbase Terminal for advanced traders, said Ox Bid, the product manager who leads trading for the wallet. In an interview recorded on October 22 and discussed publicly on November 9, Bid said the product will run alongside the mobile app, that AI agent features are targeted for the end of 2026, and that cross-chain transactions in the wallet rose tenfold over three months.
Bid described Terminal as one of the most exciting projects under way inside the team. He stressed that it is a complete product rather than a single feature, and said it is meant to serve what he called more pro traders. No launch date was given, so the timing of the release remains open.
The announcement matters because Coinbase Wallet has historically been a self-custody tool built mainly for mobile use. A dedicated web environment signals that the team wants to compete for users who trade actively from a desk, a group that has traditionally relied on exchange interfaces and specialist trading terminals rather than a wallet.
The timing fits a wider competitive picture. Wallet providers, exchanges and brokerages are all trying to capture traders who want direct access to onchain markets without leaving a single interface. A terminal built for speed and depth is a way for Coinbase Wallet to argue that self-custody and professional-grade trading do not have to be separate experiences.
2. Why build a web product next to the mobile app?
The web product is designed to complement the mobile wallet, not replace it. Bid said active traders tend to want both: a larger browser interface for focused sessions, and a phone for checking the market or closing a position when they are away from their computer.
That split reflects a common pattern in trading software. Screens with more room allow a trader to follow several markets, compare prices and manage orders at once, while a mobile app is better suited to quick checks and urgent adjustments. By keeping the two products side by side, Coinbase Wallet is positioning itself to serve both modes of use under a single account.
Because the wallet is non-custodial, users keep control of their own keys and funds while they trade. For professional traders, a terminal that connects directly to a self-custody wallet could reduce the need to move assets onto a centralized platform before placing a trade, although Bid did not describe the technical design in detail.
There is also a practical reason to keep the mobile app in the mix. A trader who opens a position at a desk may need to react to news hours later, and a wallet that works the same way on both screens lowers the chance of mistakes caused by switching tools. Bid framed the two products as parts of one workflow instead of competing offerings.
3. Are AI agents coming to Coinbase Wallet?
Yes, according to Bid. Asked whether the wallet would add AI agent capabilities, he answered with a firm yes and said the team is aiming to ship them by the end of this year. He explained that the team had worked on agents earlier, paused that effort to prioritize shipping other features, and has now returned to it, with the goal of making the tools useful for both human users and agents.
Coinbase already allows outside AI assistants, including Claude and ChatGPT, to connect to the wallet through what it calls its Wallet MCP. That connection requires the user to approve each transaction an assistant proposes, which keeps a person in the loop for every movement of funds. Bid did not say how the planned agent features would relate to that existing setup.
Other consumer finance companies are moving in the same direction. Robinhood said in September that it is bringing AI agents into its own app. The trend reflects a broader push to let software act on a user's behalf in markets, which raises questions about permissions, spending limits and accountability that wallet providers will need to answer as the tools mature.
The earlier pause is worth noting. Building agents that handle real money requires careful design around approvals, limits and error handling, and Bid said the team deliberately put shipping ahead of that work for a time. Returning to it now, with a target of year-end, suggests the underlying wallet features are stable enough to support more automation.
4. What has changed in wallet activity since July?
Activity in the wallet has grown quickly. Bid said cross-chain transactions rose tenfold over the three months before the interview, and that spot trading volume has grown 2.5 times since July. Cross-chain activity means moving or swapping value between different blockchains, a process that has often been slow and error-prone for ordinary users.
He also said the swap success rate has reached as high as 99 percent, including for cross-chain swaps. A high success rate matters for active traders because failed transactions can mean lost fees and missed price levels. The wallet recently added limit orders on EVM chains, the family of networks compatible with Ethereum's virtual machine, which lets users set a target price at which a trade executes automatically.
Taken together, the figures suggest that improvements in execution and tooling are drawing more trading into the wallet. The growth rates were measured over short periods and from an undisclosed base, so they do not indicate the absolute size of the business. Coinbase's earnings materials did not break out the wallet's results separately.
For a self-custody wallet, these operational metrics are a useful proxy for product health. Unlike an exchange, a wallet depends on public blockchain networks, so success rates reflect routing, pricing and fee estimation as much as the interface itself. A figure near 99 percent indicates that the underlying swap engine is handling most requests cleanly, though the company did not publish the data behind it.
5. How is Solana trading and prediction markets doing?
Trading of Solana (SOL) in the wallet has surged. An interviewer put the increase at 12 times over three months, a figure that came from the host rather than from Bid. Bid said the wallet did not offer any Solana-specific incentives. He credited the jump to better swap execution, interface work and new discovery tools that help users find tokens to trade.
Prediction markets are also available in the wallet, offered through Polymarket with regional limits. Bid said they remain less popular than spot trading and, in his view, than perpetual futures. Separately, Coinbase reported on October 29 that its prediction markets business had passed 200 million dollars in annualized revenue, although its earnings presentation did not separate out the wallet's contribution.
The contrast illustrates how a wallet can become a broad trading venue. Spot swaps, perpetual futures and event contracts now sit in one application, each with a different audience and risk profile. For users, that breadth is convenient, but it also means that a product originally built for storing assets now carries many of the risks associated with active speculation.
It is also worth separating what Bid said from what was said to him. The twelvefold Solana figure was presented by the interviewer, and Bid addressed the causes rather than confirming the exact multiple. Readers should therefore treat it as an outside estimate, not a company-reported statistic.
6. What happened with perpetual futures and the wallet's name?
The wallet was renamed Base App in July 2025 and returned to its original name, Coinbase Wallet, in September. During that period it added perpetual futures through an integration with Hyperliquid, a venue known for onchain derivatives trading. Perpetual futures are contracts that track an asset's price without an expiry date, and they typically allow traders to use leverage.
The team had expected existing spot traders to migrate to perpetuals once they became available. Bid said he was very surprised not to see that shift. Instead, perpetual futures attracted new traders to the wallet, widening the user base rather than moving current customers from one product to another.
That outcome helps explain the focus on professional features. If derivatives bring in a different kind of customer, a terminal-style interface with faster tools and richer market data is a logical next step for retaining them.
The renaming itself shows how quickly consumer crypto products are being reorganized. Moving from Coinbase Wallet to Base App and back within a few months suggests the company is still testing how to present its onchain tools to ordinary users and how closely to tie them to its Base network.
7. What comes next for Coinbase Wallet?
Two milestones stand out. The first is the release of Coinbase Terminal, for which no date has been announced. The second is the arrival of AI agent features, which Bid targeted for the end of 2026. Neither has been formally scheduled in a public product calendar.
Observers will be watching several details once the products appear: how much control users retain when agents act on their behalf, whether the web product supports the same chains and order types as the mobile app, and whether the recent growth in cross-chain and spot volume continues. Bid's comments suggest that execution quality and discovery tools, rather than incentives, are the levers the team intends to keep pulling.
For now, the plans show Coinbase Wallet shifting from a simple self-custody app toward a full trading environment, built around web access, automated assistants and a widening menu of markets.
Competition will shape how much attention these plans receive. Rival wallets and trading apps are adding perpetual futures, limit orders and agent tools of their own, so the speed with which Coinbase delivers Terminal and its agent features may matter as much as the features themselves.