Tl;dr: In this piece we share critical lessons about the nature of the Celer Bridge compromise, attacker on-chain and off-chain techniques and tactics during the incident, as well as security tips for similar projects and users. Building a better crypto ecosystem means building a better, more equitable future for us all. That’s why we are...Read More
Tl;dr: A common challenge with distributed systems is how to ensure that state remains synchronized across systems. At Coinbase, this is an important problem for us as many transactions flow through our microservices every day and we need to ensure that these systems agree on a given transaction. In this blog post, we’ll deep-dive into...Read More
Tl;dr: This blog post describes how we developed an efficient, reliable Python ecosystem using Pants, an open source build system, and solved the challenge of managing Python applications at a large scale at Coinbase. By The Coinbase Compute Platform Team Python is one of the most frequently used programming languages for data scientists, machine learning...Read More
Tl;dr: The following post recaps this episode of Coinbase’s Around The Block podcast in which Viktor Bunin hosts Coinbase CEO Brian Armstrong and Ethereum co-founder Vitalik Buterin discuss decentralization, privacy, and a credibly neutral Ethereum. By Viktor Bunin, Senior Protocol Specialist at Coinbase Cloud After 7 years of research and development, the Merge is just...Read More
Tl;dr: The following post details how we measure client performance across products and cross-functional teams at Coinbase. By Leonardo Zizzamia, Senior Staff Software Engineer A lot has changed since 2018 when the Coinbase web team consisted of only a few engineers. Back then, while working on making our product faster with a small group across...Read More
Tl;dr: At Coinbase, our top priority is, and always will be, protecting you and your digital assets. That’s why we secure Coinbase with the latest industry-leading technology and work with the larger community to build a safer crypto ecosystem so that everyone is able to succeed. In this blog post, we share how a contract...Read More
Tl;dr Coinbase has seen a concerning increase in fraudulent cryptocurrency investment platforms that are sourcing victims through connections on dating apps and social media. We are encouraging our users to be vigilant against this type of social engineering scam. The Coinbase Security team has previously submitted the domains in this blog, in addition to several...Read More
Tl;dr: Building a better crypto ecosystem means building a better, more equitable future for us all. That’s why we are investing in the larger community to make sure anyone who wants to participate in the crypto economy can do so in a secure way. In this blog post, we share lessons about the nature of...Read More
Tl;dr: Search engine phishing exploits the trust we have in search engines and the convenience of searching for something rather than remembering the domain. The following piece outlines what search engine phishing attacks may look like and how Coinbase users can avoid them. By Coinbase Security Team How do you log in to Coinbase? If...Read More
TL;DR: Perpetuals futures are financial instruments that have become increasingly popular in the crypto space. Coinbase demonstrates a hypothetical simple delta neutral strategy which takes advantage of positively skewed funding rates in the perpetual futures market to achieve a high return on investment. By The Coinbase Data Science Quantitative Research Team Systematic Trading Strategy A...Read More
TL;DR: We’re providing developers with an open-source starter kit that can be used to kickstart dapp development for NFT minting sites. Happy building! By JM Cho, software engineer for Coinbase Wallet Last year, the NFT market experienced its best year yet — generating over $23 billion in trading volume with a floor market cap of...Read More
Tl;dr: Coinbase is introducing its innovative VSCode extension created in collaboration with the Relay team, for the Relay GraphQL client, which is available for developer use now. By Terence Bezman, Coinbase Senior Software Engineer In collaboration with the Relay team at Meta, Coinbase has built a VSCode extension to integrate with the Relay language server...Read More
Tl;dr: The replatforming of Coinbase Wallet’s mobile app reflects our commitment to improving access to web3. In this blog, we discuss why the transition to React Native marks a critical turning point for both our users and our technical teams. By Chintan Turakhia, Director of Coinbase Wallet Engineering, and Dan Coffman, Coinbase Wallet React Native...Read More
Tl;dr: This blog shares insights on how Coinbase is investing in new tools and processes to scale its node operations. By Min Choi, Senior Engineering Manager — Crypto Reliability Blockchain nodes power almost every user experience at Coinbase. We use them to monitor fund movements, help our customers earn their staking rewards, and build the...Read More
Tl;dr: Our recent evaluation of Kubernetes underscored its suitability for scaling Coinbase into the future. In the past, a migration to Kubernetes raised concerns due to the operational burden of running and securing the control plane in-house. We’ve now concluded that managed Kubernetes offerings reduce this operational burden without compromising our stack security. By Clare...Read More
By George Liu and Matthew Turk Tl;dr: This blog analyzes centralized stablecoin lending yield for Compound Finance and shares our insights on performance, volatility, and factors that drive this yield on collateralized lending of stablecoins in DeFi. The analysis shows that this lending yield can outperform the risk-free yield in the TradFi market. In part...Read More
By Jesse Pollak, Senior Director of Engineering at Coinbase Tl;dr: Coinbase is committed to its vision of investing in web3 and the broader cryptoeconomy. We’re embodying this vision by integrating, building, and supporting protocols at Coinbase. Protocols are increasingly integrated into our products, a focus for teams across the company, and a major investment area...Read More
How Coinbase is using Relay and GraphQL to enable hypergrowth By Chris Erickson and Terence Bezman A little over a year ago, Coinbase completed the migration of our primary mobile application to React Native. During the migration, we realized that our existing approach to data (REST endpoints and a homebuilt REST data fetching library) was...Read More
By Yuga Cohler, Staff Software Engineer at Coinbase The Merge is coming. The long-awaited transition of the Ethereum network’s consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS) is expected to arrive sometime this year. After the Merge, the already-running Beacon Chain will begin validating Ethereum mainnet’s blockchain through a system based on rewards and penalties...Read More
By Joe Lallouz, Head of Coinbase Cloud Coinbase Cloud is pleased to announce support of liquid staking through a collaboration with the Acala Foundation, starting with KSM liquid staking on Karura. Liquid staking lets token holders stake their tokens while still putting them to work in DeFi — without being subject to unbonding periods. This...Read More
By Michael Li, Vice President, Data at Coinbase Hackathons have been a long-standing and important part of Coinbase culture, as they give our engineering teams the opportunity to collaborate with one another and experiment directly with the tools that are enabling a new era of open finance. At Coinbase, we acknowledge that Web3 unlocks a...Read More
By Coinbase Special Investigations Team In our last post we introduced the cornerstone of scaling up blockchain analysis, commonspend, and its pitfalls. In this blog post we’ll explore more complex and novel blockchain analysis scaling methods, their drawbacks and why time is a critical feature of blockchain analytics. Change prediction is the second most commonly...Read More
By George Liu and Matthew Turk In part one of this quant research piece, we introduce the decentralized finance (DeFi) collateralized lending platform known as Compound Finance and discuss its use case for stablecoins, in comparison to the notion of a “risk-free” interest rate from traditional finance (TradFi). Our goal is to tie these concepts...Read More
By Indra Rustandi, Nabil Benbada, Yao Ma Arbitrage defined In traditional finance, an arbitrage is an opportunity to make a positive gain with virtually no risk involved by taking advantage of pricing discrepancies that are present in the markets. These pricing discrepancies are an indication that some inefficiencies are present in the markets. Arbitrageurs will...Read More
