Old version
July 7, 2026 00:10 UTC
a9f500133b028586c3ef699c5845c93a81e3d2523e0ad6b93c23e63feb318580
CA-V-004539
New version
July 23, 2026 00:13 UTC
cddad43136ae0dcaa2630d785297b814b844e3930c4ee93212fa3686ad51a947
CA-V-005191
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Change Summary
Coinbase expanded its terms to address protocol upgrades called Asset Transformations and established new procedures for handling them. The updated language introduces defined terms for 'Asset Transformation' (protocol upgrades changing a Digital Asset version) and 'Coinbase Supported Migration' (Coinbase's facilitation of transfers to newer versions). Critically, the revised terms now state that customers hereby instruct Coinbase to conduct these migrations on their behalf at times and in manner Coinbase solely determines appropriate, and that Coinbase shall not be liable for losses resulting from inability to transfer assets during such migrations or from the Asset Transformation itself.
high severity
6 Sentences added
0 Sentences removed
18 Sentences modified
1777 Sentences before
1783 Sentences after
Added
Removed
Modified
BeforeAfter
7Individual User Agreement Last updated: June 29, 2026 Welcome to Coinbase!7Individual User Agreement Last updated: July 22, 2026 Welcome to Coinbase!
15Services and supported assets may vary by jurisdiction.15Services and supported assets may vary by jurisdiction. “Asset Transformation” means the process by which a protocol may upgrade or otherwise change a Digital Asset to a different version (e.g., from v1 to v2 of a Digital Asset). “Coinbase Supported Migration” refers to when Coinbase facilitates the transfer of your Supported Digital Assets to a newer version in connection with an Asset Transformation.
90In particular, the underlying protocols may be subject to sudden changes in operating rules (including “forks”).90In particular, the underlying protocols may be subject to sudden changes in operating rules (including “forks”) or may choose to conduct an Asset Transformation at their discretion.
95Coinbase’s response to any operating change is subject to its sole discretion and may include deciding not to support any new Digital Asset, fork, or other actions.95Coinbase may, at its own discretion, choose to conduct a Coinbase Supported Migration of a Supported Digital Asset that has been or will be subject to an Asset Transformation on behalf of customers who, at the relevant time period, hold the Supported Digital Asset.
96Coinbase’s response to any operating change is subject to its sole discretion and may include deciding not to support any new Digital Asset, Asset Transformation, fork, or other actions.
97You acknowledge and accept that Coinbase has sole discretion to determine its response to any operating change and that we have no responsibility to assist you with unsupported currencies or protocols.98You acknowledge and accept that Coinbase has sole discretion to determine its response to any operating change and that we have no responsibility to assist you with unsupported currencies, including any Digital Asset subject to an Asset Transformation, or protocols, and that Coinbase shall not be liable or responsible to you for any loss resulting from any inability to transfer your Digital Assets during a Coinbase Supported Migration or otherwise resulting from an Asset Transformation.
108You consent to all such permitted transfers. 2.7.2 Application of the Uniform Commercial Code.109You consent to all such permitted transfers.
110You hereby instruct Coinbase to effectuate Coinbase Supported Migrations involving Supported Digital Assets you may hold, on your behalf, at such time and in such manner as Coinbase solely determines it is appropriate to do so. 2.7.2 Application of the Uniform Commercial Code.
1014Where you maintain a brokerage account with our affiliate (“Brokerage Account”), CCM, you hereby agree to provide us (Coinbase) with a standing instruction to receive from CCM’s clearing and carrying broker-dealer any free credit balance, including those derived from sale proceeds, cash dividends and interest, held in your Brokerage Account and a standing instruction for us to promptly process and transfer your cash funds held in your Account to CCM’s clearing and carrying broker-dealer to pay for securities purchases you effected through your Brokerage Account.1016Where you maintain a brokerage account with our affiliate (“Brokerage Account”), CCM, you hereby agree to provide us (Coinbase) with a standing instruction to receive from CCM’s clearing and carrying broker-dealer any free credit balance, including those derived from sale proceeds, cash dividends and interest, held in your Brokerage Account and a standing instruction for us reserve or hold funds in connection with pending orders or conditional offers to buy placed through your Brokerage Account, as required, and to promptly process and transfer your cash funds held in your Account to CCM’s clearing and carrying broker-dealer to pay for securities purchases you effected through your Brokerage Account.
1015If you fail to pay for a security you purchase or fail to deliver a security you sell through CCM, you hereby authorize us, upon CCM’s demand for payment made to us and without notice to you, to use your property cover any losses that CCM may suffer as a result of your failure to pay for securities purchased or deliver securities sold, by using any property of yours under our control to make CCM whole, including liquidating any such property. 11.6. Eligibility.1017If you fail to pay for a security you purchase or fail to deliver a security you sell through CCM, you hereby authorize us, upon CCM’s demand for payment made to us and without notice to you, to use your property cover any losses that CCM may suffer as a result of your failure to pay for securities purchased or deliver securities sold, by using any property of yours under our control to make CCM whole, including liquidating any such property. 11.4. Eligibility.
1017We reserve the right to not offer equities trading to you at our discretion. 11.7. Customer Representations.1019We reserve the right to not offer equities trading to you at our discretion. 11.5. Customer Representations.
1024You understand and agree that Coinbase may restrict your ability to enter orders or otherwise transact in your account in order to comply with regulatory restrictions, trading halts, government sanctions, and government orders. 11.8. Information Disclosure.1026You understand and agree that Coinbase may restrict your ability to enter orders or otherwise transact in your account in order to comply with regulatory restrictions, trading halts, government sanctions, and government orders.
1027You further represent and warrant that you will not participate in any initial public offering (IPO) or other new issue offering through CCM if you (or any account in which you have a beneficial interest) are a 'restricted person' under FINRA Rule 5130, or if such participation is otherwise prohibited under FINRA Rule 5131.
1028You agree to promptly notify CCM if your eligibility status under these rules changes. 11.6. Information Disclosure.
1026Furthermore, by submitting an account application with CCM, you authorize Coinbase to provide information about you and your account to the carrying broker, as required and necessary, and the carrying broker in its discretion may obtain your account documentation directly from you. 11.9. Prohibited Use.1030Furthermore, by submitting an account application with CCM, you authorize Coinbase to provide information about you and your account to the carrying broker, as required and necessary, and the carrying broker in its discretion may obtain your account documentation directly from you. 11.7. Prohibited Use.
1027You agree to not to engage in manipulative or deceptive trading practices, as outlined in the CCM Customer Agreement, Section 15.3, a copy of which can be found at https://coinbase.com/ccm . 12.1031You agree to not to engage in manipulative or deceptive trading practices, as outlined in the CCM Customer Agreement, Section 16.3, a copy of which can be found at https://coinbase.com/ccm . 12.
1176Coinbase Business User Agreement Last updated: February 5, 2026 Welcome to Coinbase!1180Coinbase Business User Agreement Last updated: July 22, 2026 Welcome to Coinbase!
1183Services and supported assets may vary by jurisdiction. “ Authorized Representative ” means the executive officer, senior manager or other individual applying for your Business Account with authority to transact and exercise control over your account.1187Services and supported assets may vary by jurisdiction. “ Authorized Representative ” means the executive officer, senior manager or other individual applying for your Business Account with authority to transact and exercise control over your account. “Asset Transformation” means the process by which a protocol may upgrade or otherwise change a Digital Asset to a different version (e.g., from v1 to v2 of a Digital Asset). “Coinbase Supported Migration” refers to when Coinbase facilitates the transfer of your Supported Digital Assets to a newer version in connection with an Asset Transformation.
1262In particular, the underlying protocols may be subject to sudden changes in operating rules (including “forks”).1266In particular, the underlying protocols may be subject to sudden changes in operating rules (including “forks”) or may choose to conduct an Asset Transformation at their discretion.
1267Coinbase’s response to any operating change is subject to its sole discretion and may include deciding not to support any new Digital Asset, fork, or other actions.1271Coinbase may, at its own discretion, choose to conduct a Coinbase Supported Migration of a Supported Digital Asset that has been or will be subject to an Asset Transformation on behalf of customers who, at the relevant time period, hold the Supported Digital Asset.
1272Coinbase’s response to any operating change is subject to its sole discretion and may include deciding not to support any new Digital Asset, Asset Transformation, fork, or other actions.
1269You acknowledge and accept that Coinbase has sole discretion to determine its response to any operating change and that we have no responsibility to assist you with unsupported currencies or protocols.1274You acknowledge and accept that Coinbase has sole discretion to determine its response to any operating change and that we have no responsibility to assist you with unsupported currencies, including any Digital Asset subject to an Asset Transformation, or protocols, and that Coinbase shall not be liable or responsible to you for any loss resulting from any inability to transfer your Digital Assets during a Coinbase Supported Migration or otherwise resulting from an Asset Transformation.
1278Except as required by law, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Supported Digital Assets in your Digital Asset Wallet unless instructed by you. 2.7.2 Application of the Uniform Commercial Code .1283Except as required by law, or except as provided herein, Coinbase will not sell, transfer, loan, hypothecate, or otherwise alienate Supported Digital Assets in your Digital Asset Wallet unless instructed by you.
1284You hereby instruct Coinbase to effectuate Coinbase Supported Migrations of Supported Digital Assets you may hold, on your behalf, at such time that Coinbase solely determines it is appropriate to do so. 2.7.2 Application of the Uniform Commercial Code .

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