3
Coinbase has relaunched Direct Deposit in the US, allowing users to route part of their paycheck directly into their Coinbase account and automatically allocate funds into $USDC or crypto assets.
The feature is part of Coinbase’s broader push to position the platform as a financial hub that connects income, investing, trading, staking, lending, and spending inside a single account. Coinbase’s app already markets itself as a platform for trading crypto, stocks, prediction markets, derivatives, staking, rewards, and other financial products.
Users can enable Direct Deposit through the Coinbase app, generate an account and routing number, and use those details with their employer or payroll provider. Once deposits arrive, users can manage auto allocations into $USDC or selected crypto assets.
Coinbase said the feature supports zero trading fees for crypto purchases made through Direct Deposit, though a spread may apply. Fund availability depends on the payer or payroll provider and typically takes three to five business days after the transfer is initiated.
The feature also ties Direct Deposit more closely to Coinbase One, where members may receive higher rates on $USDC lending and staking rewards for assets such as ETH and SOL. Those rewards remain subject to regional availability, network conditions, and rate changes.
Coinbase’s app listing also highlights $USDC rewards, staking, Coinbase One benefits, and unified portfolio management as core parts of its consumer offering.
The move comes as Coinbase continues expanding beyond spot crypto trading into a broader financial account model. Its consumer app now promotes crypto, stocks, stablecoin rewards, staking, derivatives, and payments in one place, reflecting the company’s effort to make Coinbase a primary account for digital assets and cash flow.
Direct Deposit is available in the US at launch, with Coinbase planning to expand the feature to additional regions later this year.
coindesk.com