Reward Pool:
Stock and Metal Perpetuals
Metals have joined the lineup. You can now trade stock, gold, and silver perpetuals as eligible assets to qualify for the $200K reward pool. Diversify your strategy, build your volume, and lock in your slice of the prize.
How it works
Unlock the pool: The more the community trades, the bigger the total reward pool grows—up to $200K USDC.
Get qualified: Generate at least $1M in cumulative volume by trading eligible perpetual markets throughout the campaign, now extended to end on 15 May (23:59 UTC).
Secure your slice: The more you trade, the more you earn—up to $10K USDC per user. Your payout will be deposited as USDC into your account within 30 days after the campaign ends.
Eligible markets
MAG 7: AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA
AI: MU, AMD, INTC, ARM, SNDK
ETFs: SPY, QQQ
Commodities: GOLD, SILVER
⚡️ Week 1 Flash Multiplier
For the first 7 days (until Mar 26), get 3x volume on every stock perpetual trade to smash the $1M qualifier in record time.
How the pool grows:
How the pool grows:
As the community trades stock perpetuals, the total reward pool scales with average daily volume:
<$100M/day → $50K pool
>$100M/day → $75K pool
>$300M/day → $100K pool
>$500M/day → $125K pool
>$700M/day → $150K pool
>$1B/day → $200K pool
Coinbase Stock Perpetuals Rewards Pool Terms and Conditions ("Terms")
The Coinbase Stock Perpetuals Rewards Pool Incentive (the "Incentive") allows eligible users in eligible countries to earn a reward (the “Reward”) from a reward pool based on their proportional share of qualifying Stock Perpetuals trading volume on Coinbase Advanced during the Promotion Period (as defined below).
For purposes of these Terms, the “Promotion Period” means the limited-time period communicated in the applicable marketing materials during which qualifying trading activity must occur in order to be eligible for a Reward. Coinbase currently expects the Promotion Period to run from March 19, 2026 through May 15, 2026, but may shorten, extend, or otherwise modify the Promotion Period in its sole discretion as communicated in the applicable marketing materials.
To earn your Reward:
1. Create and/or maintain a Coinbase account in good standing in an eligible jurisdiction where Stock Perpetuals and this Incentive are available.
2. During the Promotion Period, place qualifying trades in eligible Stock Perpetuals markets on Coinbase Advanced.
3. Reach at least the minimum cumulative qualifying trading volume (“Qualifying Volume”) during the Promotion Period (at least one million U.S. dollars (US$1,000,000) in trading volume across eligible Stock Perpetuals markets).
How we calculate your Reward:
1. After the Promotion Period ends, Coinbase will determine the total reward pool amount (the “Reward Pool”) based on the average daily trading volume in eligible Stock Perpetuals markets during the Promotion Period (or such other measurement window communicated by Coinbase) and calculate your Reward as a pro‑rata share of the Reward Pool, subject to the maximum Reward per user described below.
A. For purposes of calculating Qualifying Volume for this Incentive only, Qualifying Volume generated from eligible Stock Perpetuals trades during the first seven (7) days of the Promotion Period will be multiplied by three (3). This multiplier affects only the Incentive calculation and does not change your actual trading exposure, pricing, or risk on any trade. This multiplier does not apply to, and will not be used in, the calculation of average daily trading volume for purposes of sizing the Reward Pool.
2. The Reward Pool will be determined by Coinbase in its sole discretion based on the average daily trading volume in eligible Stock Perpetuals markets during the Promotion Period. By way of example only, Coinbase may size the Reward Pool for this Incentive using a tiered structure such as:
A. if average daily volume is less than US$100,000,000, the Reward Pool will be US$50,000;
B. if average daily volume is greater than US$100,000,000, the Reward Pool will be US$75,000;
C. if average daily volume is greater than US$300,000,000, the Reward Pool will be US$100,000;
D. if average daily volume is greater than US$500,000,000, the Reward Pool will be US$125,000;
E. if average daily volume is greater than US$700,000,000, the Reward Pool will be US$150,000; and
F. if average daily volume is greater than US$1,000,000,000, the Reward Pool will be US$200,000. The aggregate Reward Pool available to participants under this Incentive will not exceed US$200,000.
3. For each user who satisfies these Terms and meets the minimum Qualifying Volume threshold, Coinbase will determine an Initial Reward Calculation, which is (your Qualifying Volume ÷ Total Qualifying Volume of all eligible participants) × Reward Pool.
4. The maximum Reward any single eligible user may receive is ten thousand U.S. dollars USDC (US$10,000 USDC). If the Initial Reward Calculation for any eligible user exceeds this amount, the user’s Reward will be US$10,000 USDC.
5. After determining the Initial Reward Calculation and applying any maximum Reward caps, Coinbase will redistribute any remaining amounts in the Reward Pool among other eligible users using the same Initial Reward Calculation and applying the same maximum Reward cap on each pass (“Subsequent Reward Calculation”). Coinbase will repeat the Subsequent Reward Calculation until the Reward Pool has been fully distributed or all eligible users reach the maximum Reward cap.
6. Coinbase reserves the right to modify the redistribution methodology, including retaining any unallocated amounts, in its sole discretion.
7. Any portion of the Reward Pool that remains unallocated (including as a result of the maximum Reward cap) will not be distributed to eligible users in its sole discretion.
A. If no user satisfies these Terms and meets the minimum Qualifying Volume threshold, the Reward Pool shall not be distributed.
Additional terms
Valid only for users with an active Coinbase account in good standing who are located in markets where Stock Perpetuals are available, excluding the United Kingdom, Singapore, India, Australia, the United States, and any other restricted or ineligible markets. Void where prohibited.
These Terms apply to eligible retail “prosumer” traders and certain institutional or professional clients using Coinbase Advanced who meet the same eligibility and volume criteria. All such participants will be evaluated together in a single Reward Pool using the same reward-calculation logic under these Terms.
No separate registration or manual opt‑in is required. Participation is based solely on your Qualifying Volume in eligible Stock Perpetuals markets during the Promotion Period.
Only executed trades in eligible Stock Perpetuals contracts (for example, stock perpetuals pairs designated by Coinbase from time to time) on Coinbase Advanced during the Promotion Period count toward this Incentive. Other products and services (including spot trading, staking, or any other derivatives contracts) do not qualify unless expressly stated otherwise in the applicable promotional materials.
“Qualifying Volume” means the aggregate notional value (in U.S. dollar (“USD”) equivalent) of your executed trades in eligible Stock Perpetuals markets during the Promotion Period, as determined by Coinbase. Coinbase may exclude from Qualifying Volume:
trades that are cancelled, rejected, or otherwise not fully filled; and
any activity that Coinbase reasonably determines does not represent bona fide trading volume.
You must meet or exceed the minimum Qualifying Volume amount to be eligible for any Reward. Users who do not trade the Qualifying Volume amount will not receive a Reward.
You’ll receive your Reward in your Coinbase account in approximately thirty (30) days after the Promotion Period ends, though in some cases it may take longer for Rewards to be fully processed and reflected in your account.
Reward will be credited in USDC (or another supported asset or fiat currency, as determined by Coinbase in its sole discretion) to your Coinbase account.
Participation in the Incentive does not guarantee that you will receive any Reward. The amount of any Reward depends on your Qualifying Volume, the Total Qualifying Volume of all eligible participants, the final Reward Pool size, and application of the maximum Reward per user and other eligibility criteria.
The Incentive is limited in time, subject to availability, and may be modified, suspended, or revoked by Coinbase at any time, including before the end of the Promotion Period, in Coinbase’s sole discretion.
All accounts and Rewards are subject to review, which may include, but is not limited to, assessing fraud, abuse, market‑manipulation risk, and other risk factors. Coinbase may withhold, cancel, claw back, or reverse any Reward and/or disqualify any user if Coinbase believes that:
you have violated these Terms, the Coinbase User Agreement, or any other applicable terms or policies;
you have engaged in fraud, abuse, wash trading, self‑trading, coordinated trading between accounts, market manipulation, or other suspicious or high‑risk behavior; or
your participation otherwise presents regulatory, legal, or integrity concerns for the Incentive.
Rewards are limited to one (1) Coinbase account per individual. Coinbase may disqualify or aggregate multiple accounts that it reasonably determines are controlled by the same person or entity.
This Incentive may not be combined with any other offer, rebate, or promotional code unless expressly permitted by Coinbase.
If the Reward is not paid in USDC, its value may increase or decrease after it is deposited into your account as a result of market developments, legal and regulatory developments, or other factors affecting the cryptocurrency and derivatives markets.
The value of any Reward may be taxable income to you, and Coinbase may be required to report such amounts (for example, on Form 1099‑MISC or other applicable tax forms). You are solely responsible for any taxes that may arise in connection with any Reward, and you should consult your tax advisor regarding any tax consequences.
Coinbase reserves the right to change, suspend, or cancel the Incentive, these Terms, eligibility criteria, Reward Pool tiers, calculation methodology, and Reward amounts at any time, for any reason, with or without notice, to the extent permitted by applicable law.
The Coinbase Stock Perpetuals Prosumer Volume Incentive offered by Coinbase Bermuda Ltd., is subject to and governed by the Coinbase International Exchange User Agreement (the “User Agreement”), which is incorporated into these Terms by reference. If there is any conflict or inconsistency between the User Agreement and these Terms, these Terms will control solely with respect to the Incentive.
Perpetual futures trading through Coinbase Advanced is only available to non-US customers in select jurisdictions. Crypto derivatives are not available to retail clients in the United Kingdom. In order to create a Coinbase Advanced trading account, customers will need to pass through our standard assessment checks to determine their eligibility for this product. Stock perpetuals are offered by Coinbase Bermuda Ltd., a class F regulated entity in Bermuda licensed by the Bermuda Monetary Authority. Trading stock perps involve risk, including liquidity (especially during nonmarket hours), execution, and price volatility related risks. The information provided is for educational purposes only. All trading and investment strategies involve risk, including risk of loss, and thus may not be suitable for everyone.
Coinbase does not intend for the reward-bearing products described herein to constitute a securities offering, and purchasing these products is not the same as investing in a securities offering.
When you purchase or hold USDC, you will be automatically opted in to rewards unless you have chosen to opt out. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change at any time and you have no contractual right to rewards. You will be able to see the latest applicable rates directly within your account
