February Credit Card BTC Drops Sweepstakes

OFFICIAL RULES

No purchase necessary. A purchase, transaction or payment of any kind will not increase your chances of winning. A purchase, transaction or payment of any kind is not necessary to enter the sweepstakes.

Participating in the February Credit Card BTC Drops Sweepstakes (the “Sweepstakes” or “Promotion”) constitutes your express consent and acceptance of these Official Rules. By participating in the Sweepstakes, you represent and warrant you meet the eligibility requirements stated in these Official Rules and acknowledge that failure to meet all eligibility requirements will result in your disqualification. A copy of these official rules  will be  available  for  the  duration  of  the  Sweepstakes at: https://www.coinbase.com/sweepstakes/BTCdrops_rules.

Please be aware that these Official Rules contain an Arbitration Agreement governing how to resolve disputes between you and Coinbase. Among other things, the Arbitration Agreement includes an agreement to arbitrate which requires, with limited exceptions, that all disputes between you and us shall be resolved by binding and final arbitration. These Official Rules also include a class action and jury trial waiver. These provisions can be found in Section 11 and Appendix 1 below. Please read these provisions carefully.

Participation is limited solely to legal residents of the fifty United States, and the District of Columbia. Void where prohibited by law. This Promotion shall be construed according to and governed exclusively by U.S. law.

1. Promotion Period: The Promotion begins on February 1, 2026 at 12:00 a.m. Pacific Time ("PT"), and ends on February 28, 2026 at 11:59 p.m. PT (the "Promotion Period").

Sponsor’s computer systems or that of their designee is the official time-keeping device for the Promotion.

 2. Eligibility: The Promotion is open only to legal residents of the fifty United States, and the District of Columbia, who are at least eighteen (18) years of age or older and the legal age of majority in their jurisdiction of residence (an eligible “Entrant”). No purchase is required on the card but it must be an active card.  Coinbase, Inc. (the “Sponsor”), Ventura Associates International LLC (the “Administrator”), Cardless, Inc., First Electronic Bank, American Express Travel Related Services Company, Inc. (“American Express”), their parent, affiliates, subsidiaries, promotion agencies and each of their respective directors, officers, employees, and assigns (collectively “Released Parties”) and their immediate family members and/or those living in the same household of each (whether related or not) are not eligible. For purposes of this Promotion, the term “family member” is defined as spouse, partner, parent, legal guardian, in-law, grandparent, child, or grandchild and their spouses (as applicable).

There is no purchase, transaction, or payment necessary to enter. You do not need to have an existing exchange account with Coinbase, a Coinbase One Membership, nor a Coinbase One Card in order to enter the Promotion. However, if you enter via Entry Method 2 below, Potential Winners will be required to have a new or existing Coinbase account in order to receive their prize. Your chances of winning are the same regardless of method of entry. This Promotion is not sponsored or administered by American Express, Cardless, Inc., or First Electronic Bank.

3. How to Enter: There are two (2) methods of entry:

Method 1 (Trade/Subscribe Method of Entry):

Trade (buy/sell/convert) at least $100.00 of crypto (across at least one (1) trade on the Coinbase.com retail product (.com and app), to earn one (1) entry, up to a maximum of twenty-five (25) entries or maximum spend of $2,500.00 in trades. ​​ The following transaction types are excluded from entry eligibility: trades on Coinbase Advanced; trades between a stablecoin and a fiat currency; trades between two different stablecoins; and any trades made on a DEX or through De Fi lending products.

OR

Make Eligible Purchases on your Coinbase One Card to earn one (1) entry for every $100.00 in cumulative spend, up to a maximum of twenty-five (25) entries or $2,500.00 in purchases.

Not all Coinbase One Card transactions are eligible for Promotion entry. Only transaction types defined as Eligible Purchases in the Coinbase One Card Rewards Program Terms & Conditions are eligible for Promotion Entry.

If you choose this mode of entry, your Coinbase One Card must be active and in good standing at time of entry, at the time winners are selected, and the prize is awarded. An active card status is a card that is not closed, frozen, past due, delinquent, in collection, charged-off, or bankrupt. To be in "good standing" means Entrant is meeting obligations and following the terms of the cardholder agreement provided at account opening. 

Limit of twenty-five (25) entries per person/email address/household throughout the Promotion Period regardless of entry method. If you do not have a Coinbase account, you must provide required information as requested online at coinbase.com (inclusive of Social Security number) and complete the required ID verification process (upload a valid and current driver’s license, passport or state ID and complete a set of identity-verification questions) during account creation. There is no fee or charge to create an account and become a registered Coinbase user. Normal internet access and usage charges imposed by each Entrant’s mobile service provider may apply. By submitting your information and creating an account, you will be required to agree to the Coinbase User Agreement and Privacy Policy. If you do not agree to the User Agreement and Privacy Policy, you cannot create a Coinbase account, and will be ineligible to receive a prize in the Sweepstakes. 

Method 2 (No Trade/Purchase Method of Entry):

To enter via mail without making a purchase or trade on coinbase.com or on your Coinbase One Card, hand print and complete the following on the front of a piece of paper: your name, address, city, state, zip, e-mail address, and telephone number. Insert paper in an envelope and mail in, with sufficient postage, to: February Credit Card BTC Drops Sweepstakes, Ventura Associates International LLC, 494 8th Avenue, Suite 1700, New York, NY 10001. Mail-in entries must include all requested information herein to be considered an entry and to earn five (5) entries, up to a maximum of twenty-five entries. Mail-in entries must be postmarked no later than February 28, 2026 and received by Administrator no later than March 9, 2026. Mailed entries received without a verifiable and legible return address will be deemed incomplete and invalid. Requests for confirmation of receipt of mail-in entries will not be acknowledged. No photocopies, facsimiles or reproductions of mail-in entry will be accepted. Neither Sponsor nor Administrator are responsible for late, lost, damaged, stolen, incomplete, illegible, postage due, or misdirected entries. Proof of mailing does not constitute proof of delivery. Potential Winners (as defined below) that entered via mail will be required to: (i) create a Coinbase account (or confirm an active Coinbase account) and agree to the respective user agreement and privacy notice; and (ii) complete the required ID verification process which may include uploading a valid and current photo ID and completing a set of identification verification questions, depending on Potential Winner’s location, to receive their prize. If a Potential Winner does not complete the above actions within the timeframe indicated by Sponsor in their notification email, said Potential Winner will be ineligible to receive a prize in the Sweepstakes.

4. For All Entry Methods: Regardless of how you enter, there is a limit of twenty-five (25) entries per person/email address/household throughout the Promotion Period. Entries received from any person who attempts to cancel and create a new account, or who attempts to create an additional account, during the Promotion Period will be disqualified. Any attempt by any Entrant to obtain more than the stated number of entries by using multiple/different email addresses or any other method will void that Entrant's entries and that Entrant may be disqualified. Use of any automated system to participate is prohibited and will result in disqualification. In the event of a dispute over the identity of a Potential Winner, the entry will be declared made by the authorized account holder of the email address associated with the Entrant’s Coinbase account (or submitted with the mail-in entry, as applicable) (“Entrant’s Email Address”), and a Potential Winner may be required to provide identification sufficient to show that he/she is the authorized account holder of the email account. The “authorized account holder” is the natural person assigned to the applicable email account.

5. Random Drawing: Four hundred one (401) Potential Winners (“Potential Winners”) will be randomly drawn from all eligible entries received on or about March 9, 2026. The random drawing will be conducted by the Administrator at their offices in New York, NY, an independent judging organization whose decisions are final and binding. The odds of winning a prize depend upon the number of eligible entries received. 

6. Potential Winner Notification: Potential Winners will be contacted via email at Entrant’s Email Address by a representative of Coinbase with instructions on how to claim their prize and will be required to respond to such email within forty-eight (48) hours of the date and time email was sent by Sponsor. If a Potential Winner does not respond to Sponsor’s specific email within the designated time-frame, the prize will be forfeited and awarded to an alternate (time-permitting). Potential Winners will be required to complete and return an Affidavit of Eligibility, Release of Liability or any other document needed to validate eligibility (the “Documents”) within five (5) days (including Saturdays, Sundays, and Holidays) of first attempted delivery of the same. In the event a Potential Winner cannot be contacted, fails to respond to the specific email within the allotted time, refuses the prize, fails or refuses to timely return completed Documents, or if a prize/prize notification is returned as undeliverable, or in the event of noncompliance with these Official Rules and requirements, Potential Winner will be disqualified without further notice and an alternate winner may be selected (time-permitting). There may be up to three (3) alternate drawings after which the prize(s) will remain unawarded.

NOTE: To claim a prize in this Sweepstakes, all Potential Winners must have an active Coinbase account, which has been verified by Sponsor, at the time of awarding the prize as specified in these Official Rules. Potential Winners that entered the Sweepstakes by mail that do not create a new Coinbase account and do not agree to the Coinbase User Agreement and Privacy Policy within the time specified in their notification email, are ineligible to receive a prize. Creating an account will require the collection of personal information for identity verification purposes, including a valid and current driver’s license, passport or state ID and completion of a set of identity-verification questions. Potential Winners that do not have a Coinbase account and/or if their Coinbase account is not verified by Sponsor within the above time frame will be disqualified. 

All potential winners are subject to verification by Sponsor, whose decisions are final and binding. An Entrant is not a Winner of any prize unless and until that Entrant’s eligibility and compliance with all requirements to claim a prize have been verified and fulfilled, and the Entrant has been notified that verification is complete.

7. Prizes and Prize Restrictions: 

There are a total of four hundred and one (401) prizes offered in the Sweepstakes, with an approximate total retail value of three-hundred thousand dollars ($300,000.00).

All prize values stated herein are in US Dollars and based on the price of BTC, as of October 16, 2025 in advance of the start of the Sweepstakes. Actual value of prize will be determined by market rate on the date and time the prize is transferred to Winner by Sponsor at its discretion prior to upload of prize to Winner’s Coinbase account.  Digital currency conversions to US Dollars or your local currency are treated as digital currency “sales”, and all the forgoing transactions may be charged a spread, processing, and a Coinbase Fee as described in the Coinbase pricing and fee disclosures at Coinbase Pricing and Fees. All winners who wish to sell the prize may do so by following the prompts within the Coinbase platform.

DISCLOSURE: THE VALUE OF DIGITAL CURRENCY OR OTHER PRIZE, OTHER THAN STABLECOINS, IS SUBJECT TO CHANGE, AND THEREFORE CAN BE A SUBSTANTIAL RISK THAT IT COULD LOSE VALUE (POSSIBLY ALL VALUE) AS A RESULT OF BUYING, SELLING, OR HOLDING THE PRIZE.

Prizes will be fulfilled within approximately six-to-eight (6-8) weeks of winner verification. Neither Sponsor nor the Released Parties assume any responsibility for undeliverable emails resulting from any errors or for insufficient space in the user's account to receive an email. Sponsor reserves the right to modify the notification procedures and applicable deadlines for responding in connection with the selection of any alternate winner. If a prize is legitimately claimed, it will be awarded. Upon prize forfeiture or inability to use a portion of the prize thereof, no compensation will be given, and Released Parties will have no further obligation to that Entrant.

Prizes are non-transferable and no substitution will be made except as provided herein at the Sponsor’s sole discretion. Sponsor reserves the right, where lawful, to substitute a prize for one (1) of equal or greater value if the designated prize should become unavailable for any reason. Prizes consist of only the items specifically listed as part of the prize. In no event will more than the stated number of prizes be awarded. Prize details not specifically stated in these Official Rules will be determined in Sponsor’s sole discretion. Sponsor and the Released Parties are not responsible for, and will not replace, any lost, damaged, or stolen prize or prize component or any prize that is undeliverable. Winners acknowledge that Sponsor is subject to U.S. economic restrictions and trade sanctions; as such, Sponsor reserves the right to deny distribution of any prize when required by applicable law. Entrants waive the right to assert as a cost of winning a prize, any costs associated with claiming or seeking to claim a prize, or using a prize.

8. Taxes: Winners are solely responsible for any/all applicable federal, state and local taxes related to the prize(s). Each winner will be subject to an onboarding verification process and is required to provide any requested tax reporting information before any prize is awarded to include W-9, name, date of birth, address, phone numbers and social security number or taxpayer identification number (as applicable). The value of any prize awarded to a winner will be reported for tax purposes as required by law.

For US residents: Any person receiving at least two thousand dollars ($2,000.00) from the Sponsor will receive an IRS Form 1099 at the end of the calendar year and a copy of such form will be filed with the IRS. Each winner is required to notify the Sponsor if any information provided hereunder changes, including the winner's address.

9. Release: To the extent permitted by law, Entrants/winners agree to release, discharge and hold harmless Released Parties from and against any claim or cause of action or liability (including but not limited to, personal injury, death or damage to or loss of property as well as claims based on publicity rights, defamation and/or invasion of privacy) arising out of or in connection with participation in the Sweepstakes or acceptance/receipt/use or misuse of any prize, and agree to be bound by the Official Rules and the decisions of the Sponsor, the Administrator and/or Sponsor’s representatives. Acceptance of a prize constitutes permission for the Sponsor and its agencies to use winner’s name, likeness, photograph and/or hometown and state for advertising and trade without further compensation, in any media, worldwide, unless prohibited by law.

10. General: ANY ATTEMPT BY AN INDIVIDUAL TO DELIBERATELY UNDERMINE THE LEGITIMATE OPERATION OF THIS PROMOTION IS A VIOLATION OF CRIMINAL AND CIVIL LAWS, AND SHOULD SUCH AN ATTEMPT BE MADE, SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES FROM ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY LAW. Neither Sponsor nor the Released Parties will be responsible for lost, late, damaged, misdirected or mutilated mail, misdirected email, or for any technical problems, faulty, lost, garbled, incomplete, incorrect or mistranscribed data transmissions, incorrect announcements of any kind, malfunctions, technical hardware or software failures of any kind including any injury or damage to any person’s computer/mobile device related to or resulting from participating in or experiencing any materials in connection with this Promotion. Neither Sponsor nor the Released Parties are responsible for malfunctions or breakdown of any network systems, unavailable service connections, lost, incomplete, faulty network connectivity of any kind, failures of any service providers, or any combination thereof, which may limit a person’s ability to participate in this Promotion. Sponsor reserves the right to suspend, cancel or modify the Promotion if it cannot be executed as planned for any reason including, but not limited to, if fraud, human error, technical failures, or any other factor impairs the integrity or proper functioning of the Promotion; or if a virus, bug or other technical problem corrupts the administration, security, or proper play of the Promotion as determined by Sponsor in its sole discretion. If the Promotion is so canceled or modified, Sponsor may award prizes from among all non-suspect eligible entries received prior to such action and Sponsor shall have no further obligation to any Entrant in connection with this Promotion. Sponsor reserves the right to prohibit the participation of an individual if fraud or tampering is suspected. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in promotional materials and the terms and conditions of the Official Rules, the Official Rules shall prevail, govern, and control. Neither Sponsor nor the Released Parties will be responsible for any typographical, printing, mechanical, human, network or other error or problem relating to the Promotion, including, but not limited to, in connection with the administration of the Sweepstakes or in the announcement of the prizes or the processing and tracking of entries, transaction or trades, or in any Promotion-related materials.

11. Disputes, Class Action Waiver and Agreement to Arbitrate: Subject to the terms of this Arbitration Agreement (this Section 11 and Appendix 1, below), Entrant and Coinbase agree that any dispute, claim, or disagreement arising out of or relating in any way to this Promotion, including any dispute, claim, or cause of action relating to any prizes awarded in this Promotion, and including any dispute, claim, or cause of action arising out of or related to the interpretation or application of this arbitration provision, including the enforceability, revocability, scope, or validity of this arbitration provision (each, a “Dispute”) will be resolved by binding arbitration, rather than in court, except that: (i) Entrant or Coinbase may assert claims or seek relief in small claims court if such claims qualify and remain in small claims court; and (ii) Entrant or Coinbase may seek equitable relief in court for infringement or other misuse of intellectual property rights (such as trademarks, trade dress, domain names, trade secrets, copyrights, and patents). For purposes of this Arbitration Agreement, “Dispute” includes disputes that arose or involve facts that occurred before or after this Promotion. The full terms of this Arbitration Agreement are set forth in Appendix 1. Those terms include, among other things, a class action and jury trial waiver. Please read those terms carefully.

12. Limitation of Liability: TO THE EXTENT PERMITTED BY LAW, IN NO EVENT SHALL THE RELEASED PARTIES BE LIABLE FOR ANY AMOUNT GREATER THAN (I) THE HIGHEST VALUE OF ANY PRIZE OFFERED IN THIS PROMOTION; OR (II) ANY LOST PROFITS, OR ANY SPECIAL, INCIDENTAL, INDIRECT, INTANGIBLE, OR CONSEQUENTIAL DAMAGES, WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, ARISING OUT OF OR IN CONNECTION WITH THE PROMOTION, EVEN IF AN AUTHORIZED REPRESENTATIVE OF SPONSOR OR ADMINISTRATOR KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE, EXCEPT TO THE EXTENT A FINAL JUDICIAL DETERMINATION IS MADE THAT SUCH DAMAGES WERE THE RESULT OF SPONSOR OR ADMINISTRATOR’S GROSS NEGLIGENCE, FRAUD, WILLFUL MISCONDUCT, OR INTENTIONAL VIOLATION OF LAW.

13. Entrant's Personal Information: Information collected from entrants is subject to Coinbase’s Privacy Policy. Sponsor assures that your information will be kept confidential in accordance with applicable data protection laws and regulations. Data will be stored in the United States and may be shared with a third-party fulfillment company only to administer this Sweepstakes, verify winners, and fulfill prizes unless you have given your prior express consent to receive additional information from Sponsor or a third party.

14. Winners List: Full winners list to be posted on the website https://www.coinbase.com/drops/winners. Except where a winner has requested their name and postcode not to be published, the first initial, surname and postcode will be posted on the website within 30 days of the drawing. Alternatively, send a stamped, self-addressed envelope (return postage not required for Vermont residents) to: February Credit Card BTC Drops Sweepstakes Winners’ List, c/o Ventura Associates International LLC, 494 Eighth Avenue, Suite #1700 (Attn: KM), New York, NY 10001. Requests must be received by March 31, 2026. The winners list will be available after all winners have been verified, please allow eight to ten (8-10) weeks to complete the verification process.

SPONSOR: Coinbase Inc., 248 3rd St #434, Oakland, CA 94607. 

ADMINISTRATOR: Ventura Associates International LLC, 494 8th Avenue, Suite 1700, New York, NY 10001.

Appendix 1 - Dispute and Arbitration Terms

1.1. Applicability of Arbitration Agreement. This Appendix 1 contains the full terms of the Arbitration Agreement. This Arbitration Agreement applies to Disputes defined in Section 11, above. Subject to the terms of this Arbitration Agreement, you and Coinbase agree that any dispute, claim, disagreements arising out of or relating in any way to your participation in the Promotion, including claims and disputes that arose between us before the effective date of these Official Rules (each, a “Dispute”) will be resolved by binding arbitration, rather than in court, except that: (1) you and Coinbase may assert claims or seek relief in small claims court if such claims qualify and remain in small claims court; and (2) you or Coinbase may seek equitable relief in court for infringement or other misuse of intellectual property rights (such as trademarks, trade dress, domain names, trade secrets, copyrights, and patents). For purposes of this Arbitration Agreement, “Dispute” will also include disputes that arose or involve facts occurring before the existence of this or any prior versions of the Official Rules as well as claims that may arise after the termination of the Official Rules. 

1.2. Waiver of Jury Trial.  YOU AND COINBASE HEREBY WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY. You and Coinbase are instead electing that all Disputes shall be resolved by arbitration under this Arbitration Agreement, except as specified in the subsection entitled “Applicability of Arbitration Agreement” above. There is no judge or jury in arbitration, and court review of an arbitration award is subject to very limited review. 

1.3. Waiver of Class and Other Non-Individualized Relief. YOU AND COINBASE AGREE THAT, EXCEPT AS SPECIFIED IN SUBSECTION 1.8, EACH OF US MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT ON A CLASS, REPRESENTATIVE, OR COLLECTIVE BASIS, AND THE PARTIES HEREBY WAIVE ALL RIGHTS TO HAVE ANY DISPUTE BE BROUGHT, HEARD, ADMINISTERED, RESOLVED, OR ARBITRATED ON A CLASS, COLLECTIVE, REPRESENTATIVE, OR MASS ACTION BASIS. ONLY INDIVIDUAL RELIEF IS AVAILABLE, AND DISPUTES OF MORE THAN ONE CUSTOMER OR USER CANNOT BE ARBITRATED OR CONSOLIDATED WITH THOSE OF ANY OTHER CUSTOMER OR USER. Subject to this Arbitration Agreement, the arbitrator may award declaratory or injunctive relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by the party's individual claim. Nothing in this paragraph is intended to, nor shall it, affect the terms and conditions under the subsection 1.8 entitled “Batch Arbitration.” Notwithstanding anything to the contrary in this Arbitration Agreement, if a court decides by means of a final decision, not subject to any further appeal or recourse, that the limitations of this subsection, “Waiver of Class and Other Non-Individualized Relief,” are invalid or unenforceable as to a particular claim or request for relief (such as a request for public injunctive relief), you and Coinbase agree that that particular claim or request for relief (and only that particular claim or request for relief) shall be severed from the arbitration and may be litigated in the state or federal courts located in the State of California. All other Disputes shall be arbitrated or litigated in small claims court. This subsection does not prevent you or Coinbase from participating in a class-wide settlement of claims.

1.4. Rules and Forum.  These Official Rules evidence transactions involving interstate commerce; and notwithstanding any other provision herein with respect to the applicable substantive law, the Federal Arbitration Act, 9 U.S.C. § 1 et seq., will govern the interpretation and enforcement of this Arbitration Agreement and any arbitration proceedings. If you have a complaint with Coinbase, you agree to first contact Coinbase through our support team to attempt to resolve any such Dispute amicably. If we cannot resolve the Dispute through Coinbase Support, you agree to use the Formal Complaint Process set forth below before filing any arbitration claim or small claims action. You must complete the Formal Complaint Process before filing any arbitration or small claims action. If you do not complete it, then you agree that your claim or action must be dismissed from arbitration or small claims court.

 In the event that the dispute is not resolved through your contact with Coinbase Support, you agree to use our Formal Complaint Process complaint form to describe your dispute, how you would like us to resolve the complaint, and any other relevant information. The complaint form can be found here, or can be requested from Coinbase Customer Support. If you prefer to send a written complaint via mail, please include as much information as possible in describing your complaint and how you would like us to resolve the complaint, including your support case number and any other relevant information to Coinbase Inc., 82 Nassau St #61234, New York, NY 10038. We will acknowledge receipt of your complaint form after you submit it. A Coinbase customer relations agent will review and evaluate your complaint based on the information you have provided and information in the possession of Coinbase. The Formal Complaint Process is completed when Coinbase responds to your complaint or forty-five (45) business days after the date we receive your complaint, whichever occurs first.

If the Formal Complaint Process described above does not resolve satisfactorily within forty-five (45) business days after receipt of your complaint form, you and Coinbase agree that either party shall have the right to finally resolve the Dispute through binding arbitration. The arbitration will be administered by the American Arbitration Association (“AAA”), in accordance with the Consumer Arbitration Rules (the "AAA Rules") then in effect, except as modified by this section of this Arbitration Agreement. The AAA Rules are currently available at https://www.adr.org/sites/default/files/Consumer%20Rules.pdf. 

A party who wishes to initiate arbitration must provide the other party with a request for arbitration (the “Request”). If you initiate the arbitration, you must provide Coinbase a copy of your Request by email at arbitration@coinbase.com or through Coinbase’s registered agent for service of process. The Request must include: (1) the name, telephone number, mailing address, email address of the party seeking arbitration, and the email addresses associated with the applicable Coinbase account(s); (2) a statement of the legal claims being asserted and the factual bases of those claims; (3) a description of the remedy sought, including an accurate, good faith calculation of the amount in controversy in United States Dollars; (4) a statement certifying completion of the Formal Complaint Process as described above (if you are the party making the Request); and (5) evidence that the requesting party has paid any necessary filing fees in connection with such arbitration.  

If the party requesting arbitration is represented by counsel, the Request shall also include counsel’s name, telephone number, mailing address, and email address. Such counsel must also sign the Request. By signing the Request, counsel certifies to the best of counsel’s knowledge, information, and belief, formed after an inquiry reasonable under the circumstances, that: (1) the Request is not being presented for any improper purpose, such as to harass, cause unnecessary delay, or needlessly increase the cost of dispute resolution; (2) the claims, defenses and other legal contentions are warranted by existing law or by a nonfrivolous argument for extending, modifying, or reversing existing law or for establishing new law; and (3) the factual and damages contentions have evidentiary support or, if specifically so identified, will likely have evidentiary support after a reasonable opportunity for further investigation or discovery.  

Unless you and Coinbase otherwise agree, or the Batch Arbitration process discussed in subsection 1.8 is triggered, the arbitration will be conducted in the county where you reside. Disputes involving claims, counterclaims, or requests for relief under $25,000, not inclusive of attorneys’ fees and interest, will be conducted solely on the basis of documents you and Coinbase submit to the arbitrator. If your claim exceeds $25,000, your right to a hearing will be determined by the AAA Rules. Subject to the AAA Rules, the arbitrator may direct a limited and reasonable exchange of information between the parties, consistent with the expedited nature of the arbitration. If the AAA is not available to arbitrate, the parties will select an alternative arbitral forum. Your responsibility to pay any AAA fees and costs will be solely as set forth in the applicable AAA Rules.  

You and Coinbase agree that all materials and documents exchanged during the arbitration proceedings shall be kept confidential and shall not be shared with anyone except the parties’ attorneys, accountants, or business advisors, and then subject to the condition that they agree to keep all materials and documents exchanged during the arbitration proceedings confidential.  

1.5. Arbitrator. The arbitrator will be either a retired judge or an attorney licensed to practice law in the state of California and will be selected by the parties from the AAA's roster of consumer dispute arbitrators. If the parties are unable to agree upon an arbitrator within thirty-five (35) business days of delivery of the Request, then the AAA will appoint the arbitrator in accordance with the AAA Rules, provided that if the Batch Arbitration process under subsection 1.8 is triggered, the AAA will appoint the arbitrator for each batch.

1.6. Authority of Arbitrator. The arbitrator shall have exclusive authority to resolve any Dispute, including, without limitation, disputes arising out of or related to the interpretation or application of the Arbitration Agreement, including the enforceability, revocability, scope, or validity of the Arbitration Agreement or any portion of the Arbitration Agreement, except for the following: (1) all Disputes arising out of or relating to the Section entitled “Waiver of Class and Other Non-Individualized Relief,” including any claim that all or part of the Section entitled “Waiver of Class and Other Non-Individualized Relief” is unenforceable, illegal, void or voidable, or that such Section entitled “Waiver of Class and Other Non-Individualized Relief” has been breached, shall be decided by a court of competent jurisdiction and not by an arbitrator; (2) except as expressly contemplated in the subsection entitled “Batch Arbitration,” all Disputes about the payment of arbitration fees shall be decided only by a court of competent jurisdiction and not by an arbitrator; (3) all Disputes about whether either party has satisfied any condition precedent to arbitration shall be decided only by a court of competent jurisdiction and not by an arbitrator; and (4) all Disputes about which version of the Arbitration Agreement applies shall be decided only by a court of competent jurisdiction and not by an arbitrator. The arbitration proceeding will not be consolidated with any other matters or joined with any other cases or parties, except as expressly provided in the subsection entitled “Batch Arbitration.” The arbitrator shall have the authority to grant motions dispositive of all or part of any Dispute. The arbitrator shall issue a written award and statement of decision describing the essential findings and conclusions on which the award is based, including the calculation of any damages awarded. The award of the arbitrator is final and binding upon you and us. This means that, among other things, you and we agree that an arbitral award shall have no preclusive effect in any other proceeding involving other parties. Judgment on the arbitration award may be entered in any court having jurisdiction. In any award of damages, the arbitrator shall abide by the “Limitation of Liability” section of these Official Rules.

1.7. Attorneys’ Fees and Costs. The parties shall bear their own attorneys’ fees and costs in arbitration unless the arbitrator finds that either the substance of the Dispute or the relief sought in the Request was frivolous or was brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)). If you or Coinbase need to invoke the authority of a court of competent jurisdiction to compel arbitration, then the party that obtains an order compelling arbitration in such action shall have the right to collect from the other party its reasonable costs, necessary disbursements, and reasonable attorneys' fees incurred in securing an order compelling arbitration. The prevailing party in any court action relating to whether either party has satisfied any condition precedent to arbitration, including the Formal Complaint Process, is entitled to recover their reasonable costs, necessary disbursements, and reasonable attorneys’ fees and costs. 

1.8. Batch Arbitration. To increase the efficiency of administration and resolution of arbitrations, you and Coinbase agree that in the event that there are one hundred (100) or more individual Requests of a substantially similar nature filed against Coinbase by or with the assistance of the same law firm, group of law firms, or organizations, within a thirty (30) day period (or as soon as possible thereafter), the AAA shall (1) administer the arbitration demands in batches of 100 Requests per batch (plus, to the extent there are less than 100 Requests left over after the batching described above, a final batch consisting of the remaining Requests); (2) appoint one arbitrator for each batch; and (3) provide for the resolution of each batch as a single consolidated arbitration with one set of filing and administrative fees due per side per batch, one procedural calendar, one hearing (if any) in a place to be determined by the arbitrator, and one final award (“Batch Arbitration”).

All parties agree that Requests are of a “substantially similar nature” if they arise out of or relate to the same event or factual scenario and raise the same or similar legal issues and seek the same or similar relief. To the extent the parties disagree on the application of the Batch Arbitration process, the disagreeing party shall advise the AAA, and the AAA shall appoint a sole standing arbitrator to determine the applicability of the Batch Arbitration process (“Administrative Arbitrator”). In an effort to expedite resolution of any such dispute by the Administrative Arbitrator, the parties agree the Administrative Arbitrator may set forth such procedures as are necessary to resolve any disputes promptly. The Administrative Arbitrator’s fees shall be paid by Coinbase.

You and Coinbase agree to cooperate in good faith with the AAA to implement the Batch Arbitration process including the payment of single filing and administrative fees for batches of Requests, as well as any steps to minimize the time and costs of arbitration, which may include: (1) the appointment of a discovery special master to assist the arbitrator in the resolution of discovery disputes; and (2) the adoption of an expedited calendar of the arbitration proceedings.

This Batch Arbitration provision shall in no way be interpreted as authorizing a class, collective and/or mass arbitration or action of any kind, or arbitration involving joint or consolidated claims under any circumstances, except as expressly set forth in this provision.