Base, a layer-2 network built on Ethereum, switched on its Cobalt upgrade on Wednesday, September 30, 2026. The upgrade adds two kinds of features. Traders get conditional transactions, and issuers of tokenized assets get new controls.
With conditional transactions, a trader can attach conditions to a transaction. The report does not say which conditions are supported or how they are checked.
Issuers of tokenized assets get tools for compliance checks and stock splits. They can also force token transfers, meaning an issuer can move tokens without the holder's own transaction. The report does not explain when issuers may use that power or what limits apply to it.
Cointelegraph reported the upgrade as part of Base's wider move into onchain finance. The report gives no figures on adoption, users or trading volume. It also does not name any issuers that plan to use the new tools.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the upgrade changes nothing directly. The report does not mention these exchanges, and nothing in it touches funding rates, trading fees or order-book liquidity on their perpetual markets. The changes apply to transactions and tokenized assets on the Base network, not to derivatives contracts on these venues.
Source: cointelegraph — Base completes Cobalt upgrade, adds new tools for tokenized assets
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