Backed Coinbase Global (BCOIN)
CryptoScore Pro global score : 53/100 (computed on 2026-10-30)
Backed Coinbase Global (BCOIN) is a tokenized asset representing fractional ownership in Coinbase Global Inc. (COIN) shares, issued by Backed Finance on the Ethereum blockchain. Designed for both institutional and retail investors, BCOIN bridges traditional equity markets with decentralized finance (DeFi) by enabling 24/7 trading of tokenized stocks without the constraints of traditional brokerage hours or geographic restrictions. Its primary value proposition lies in democratizing access to high-value equities, reducing friction for global investors, and integrating real-world assets (RWAs) into DeFi protocols. As part of the growing tokenized assets sector, BCOIN exemplifies how blockchain technology can enhance liquidity, transparency, and composability for traditionally illiquid assets, while maintaining regulatory compliance through structured legal frameworks. Technologically, BCOIN operates as an ERC-20 token on Ethereum, with identical contract addresses deployed across multiple blockchains, including BNB Chain, Avalanche, Polygon, Gnosis Chain, Arbitrum, and Base. This multi-chain architecture ensures interoperability and broad accessibility within the DeFi ecosystem,…
Scores by pillar
| Technology | 47/100 |
|---|---|
| Tokenomics | 78/100 |
| Team | 56/100 |
| Adoption | 29/100 |
| Liquidity | 33/100 |
| Compliance | 75/100 |
Market data
| Price | $157.86 |
|---|---|
| Market cap | $7.32M |
| 24h volume | $1,701.45 |
| Market cap rank | #1535 |
| 24h change | -0.96% |
| 7d change | -6.17% |
| Blockchain | Ethereum |
| Sector | Stablecoin |
Analysis
BCOIN stands out for the tokenization of stock market equities. This ERC-20 token on Ethereum represents fractional ownership of Coinbase Global shares. It uses a proxy contract, a mechanism that allows the code to be updated. The token enables trading of equities 24/7 without time constraints.