What Is COINon? A Guide to Buying Coinbase Tokenized Stock on Bittime
2026-03-01
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COIN is tokenized stock which represents Coinbase Global shares (COIN) on the Ethereum blockchain, issued by Ondo Finance through the Ondo Global Markets platform.
The presence of this token is interesting because it offers a unique way: investing in the shares of the largest US crypto companies using the crypto infrastructure itself, without the need for an international stock account.
COINon is scheduled to launch on Bittime this March, opening up access for Indonesian investors to gain exposure to Coinbase shares directly in rupiah.
Key Takeaways
COINon is a tokenized version of Coinbase stock (COIN) that runs on the Ethereum network, allowing non-US citizens to gain the same economic exposure as holding COIN stock directly.
The current price of COINon is around $170 per token, following the real-time price movement of Coinbase shares on the NASDAQ exchange during US trading hours.
COINon is scheduled to be listed on Bittime in March 2025, making it easier for Indonesian investors to access this asset without the need for foreign platforms.
Register at Bittime now and start trading crypto with a fast, safe, and easy process in the app.
What is Ondo Finance and How is COINon Issued?
Ondo Finance is a real-world asset (RWA) tokenization infrastructure company focused on regulatory compliance.
COINon providing token holders with economic exposure similar to holding COIN shares while reinvesting dividends received.
The platform allows non-US users worldwide to mint and redeem tokenized US stocks and ETFs at any time, five days a week.
Every COINon in circulation is backed by real COIN shares held by a licensed custodian. Attestation reports are published daily and monthly as proof that this collateral is always present and in the correct amount.
This structure is also protected by security interest in collateral and bankruptcy remote, which means the guarantor's assets are protected even if Ondo Finance experiences operational or financial problems.
Ondo Finance's momentum continues to grow. Fidelity recently launched Fidelity Digital Interest Token (FDIT), a tokenized on-chain money market fund in which the Ondo Short-Term US Treasuries Fund (OUSG) is the largest and sole anchor investor.
This reflects the trust that traditional financial institutions have in the infrastructure built by Ondo.
Read also:What is CVXON (Chevron Tokenized Stock Ondo)? Complete Guide
How COINon Works and Trading Sessions
COINon runs on the Ethereum blockchain and is tradable five days a week in four different sessions that follow US exchange hours.
The following single transaction limits apply per session:
Sesi Pre-Market (04.00–09.29 EST): Single transaction limit $100,000
Sesi Reguler (09.30–15.59 EST): Single transaction limit $1,000,000
Sesi Post-Market (16.00–19.59 EST): Single transaction limit $100,000
Sesi Overnight (20.00–03.59 EST): Single transaction limit $50,000
COINon's mint and redemption mechanism allows anyone to create new tokens or redeem them for a minimum value equivalent to $1.
There is no set maximum supply limit, as the amount of COINon in circulation dynamically adjusts to market demand.
COINon Price and Volatility
The current price of COINon is around $181 per token, with a 24-hour trading volume of around $1.5 million. This figure fluctuates according to COIN's stock price on the NASDAQ market.
The all-time high (ATH) of COINon was recorded at $400.82 on October 10, 2025, while the all-time low (ATL) touched $138.14 on February 13, 2026.
The drop from its all-time high to the current $170 range reflects the pressure Coinbase shares are experiencing overall, amidst a more bearish crypto market sentiment in early 2026 compared to the peak of the bull run in late 2024.
Unlike pure crypto tokens, COINon's movement is largely determined by Coinbase's business performance, US crypto regulations, exchange trading volume, and global macroeconomic conditions.
The current circulating supply is around 32–33 thousand COINon with a market capitalization in the range of $5.5–5.8 million.
This figure is still small considering that the Ondo Global Markets platform was only launched in September 2025, but its growth is rapid.
BNB Chain also recently joined the Ondo Global Markets alliance with plans to expand access to over 100 tokenized US stocks, ETFs, and funds.
Who Can Buy COINon?
COINon is not available to citizens or residents of the United States.
This product is exclusively aimed at non-US investors, including those in Indonesia, making its presence on Bittime highly relevant for local users looking to diversify their portfolios into US stock-based assets without the hassle of opening an international brokerage account.
How to Buy COINon on Bittime
COINon is scheduled to list on Bittime this March Once available, you can immediately purchase and trade COINon using Rupiah.
To check the latest COINon price in Rupiah, visit the COINon price page on Bittime. Want a step-by-step guide on how to buy it?
Follow this guide on how to buy COINon on Bittime. You can also check the real-time conversion of COINon to Rupiah using the COINon/IDR converter on Bittime.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing in crypto assets and tokenized stocks carries high risks. Always conduct your own research (DIYOR) before making any investment decisions.
How to Buy Crypto on Bittime?
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.
Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.
FAQ
What is COINon?
COINon is a digital token representing Coinbase shares (COIN) on the Ethereum blockchain, issued by Ondo Finance for non-US investors.
What is the price of COINon today?
The current price of COINon is around $170–$181 per token, following the real-time price movement of Coinbase shares on NASDAQ.
When will COINon be listed on Bittime?
COINon is scheduled to be listed on Bittime in March 2025. Stay tuned for official announcements on the Bittime platform.
How is COINon different from buying regular Coinbase stock?
COINon doesn't require an international brokerage account. Simply use a crypto wallet or Bittime account, and you can purchase it for as little as $1.
Is COINon available for Indonesian citizens?
Yes, COINon is available to non-US investors including Indonesians, and can soon be purchased with Rupiah directly on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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