Earnings summaries and quarterly performance for Coinbase Global.
Executive leadership at Coinbase Global.
Board of directors at Coinbase Global.
Research analysts who have asked questions during Coinbase Global earnings calls.
Bo Pei
U.S. Tiger Securities
5 questions for COIN
Also covers: ISPR, NIPG
Devin Ryan
Citizens JMP
5 questions for COIN
Also covers: AMTD, CRCL, DAVE +19 more
Kenneth Worthington
JPMorgan Chase & Co.
5 questions for COIN
Also covers: APO, ARES, BAM +27 more
Peter Christiansen
Citigroup Inc.
5 questions for COIN
Also covers: ADP, ADT, ALIT +12 more
Alexander Markgraff
KeyBanc Capital Markets
4 questions for COIN
Also covers: AVDX, BILL, CNCK +7 more
John Todaro
Needham & Company
4 questions for COIN
Also covers: APLD, BTDR, CAN +12 more
Benjamin Budish
Barclays PLC
3 questions for COIN
Also covers: AB, APO, ARES +23 more
James Yaro
Goldman Sachs
3 questions for COIN
Also covers: CRCL, ETOR, EVR +11 more
Owen Lau
Oppenheimer & Co. Inc.
3 questions for COIN
Also covers: CLVT, CME, CRCL +8 more
Ben Budish
Barclays PLC
2 questions for COIN
Also covers: AB, APO, ARES +19 more
Dan Dolev
Mizuho Financial Group
2 questions for COIN
Also covers: ACN, ADP, AFRM +14 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
2 questions for COIN
Also covers: ADV, ALIT, ASGN +20 more
Kwun Sum Lau
Oppenheimer
2 questions for COIN
Also covers: CBOE, CLVT, CME +9 more
Patrick Moley
Piper Sandler & Co.
2 questions for COIN
Also covers: BGC, CBOE, CME +17 more
Patrick Molley
Piper Sandler
2 questions for COIN
Also covers: HUT
Brett Knoblauch
Cantor Fitzgerald & Co.
1 question for COIN
Also covers: APLD, AVPT, BITF +18 more
Mark McLaughlin
Bank of America
1 question for COIN
Michael Colonnese
H.C. Wainwright & Co.
1 question for COIN
Also covers: BITF, BTDR, BTM +7 more
Recent press releases and 8-K filings for COIN.
Coinbase Selects Chainlink CCIP for Wrapped Asset Expansion
COIN
New Projects/Investments
Product Launch
- Coinbase has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for all its Wrapped Assets, including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP.
- This partnership is intended to enable cross-chain transfers and significant expansion for Coinbase Wrapped Assets, which currently have an aggregate market cap of approximately $7 billion.
- Chainlink CCIP was chosen for its security and reliability, leveraging infrastructure that has secured tens of billions of dollars and enabled over $27 trillion in transaction volume.
12 hours ago
Coinbase Discusses Market Volatility, Regulatory Shifts, and Growth Strategies
COIN
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- The crypto market experienced significant volatility on October 10th, including a $19 billion liquidation event primarily on non-U.S. exchanges, but Coinbase remained "business as usual" with recent positive net inflows into ETFs and Bitcoin stabilizing around $80,000-$85,000.
- The U.S. regulatory environment is becoming more favorable, with the Clarity for Payment Stablecoins Act passed and strong momentum for the broader Clarity Act in calendar year 2025, which is expected to define asset taxonomy and drive market participation.
- Coinbase is expanding its offerings and market reach through strategic M&A, including the August acquisition of Deribit, which holds 75% of the options trading market share, to integrate options into its international platform and eventually bring them to the U.S..
- The company's institutional business is robust, serving over a third of the top 100 hedge funds and winning 80% of the ETF custody business, with new partnerships like PNC Bank. Coinbase also offers "Crypto as a Service" to over 260 businesses, providing white-label solutions for custody, trading, and on-ramps.
- Coinbase launched a credit card offering up to 4% Bitcoin back as a customer acquisition tool for its Coinbase One membership, and sees institutional demand for USDC as a settlement asset and for payments.
1 day ago
Coinbase Discusses Market Volatility, Regulatory Landscape, and Growth Strategies at Nasdaq Conference
COIN
Product Launch
New Projects/Investments
M&A
- Coinbase's CFO, Alesia Haas, indicated that recent crypto market volatility, including a $19 billion liquidation event on October 10th, 2025, primarily affected non-U.S. exchanges, with Coinbase maintaining "business as usual" due to its focus on the U.S. and U.K. markets. She noted the market's increasing maturation and resilience, evidenced by recent positive net inflows into ETFs.
- The U.S. regulatory environment is undergoing a "sea change," with the Clarity for Payment Stablecoins Act already passed, providing clear rules for stablecoin issuance and fostering growth in payments. The proposed Clarity Act is expected to define asset taxonomy and jurisdictional clarity, which Coinbase anticipates will attract more developers and market participants to the U.S..
- Coinbase is actively pursuing M&A, having completed eight deals in 2025, including "acqui-hires" for talent and the acquisition of Deribit in August 2025, which commands 75% of the options trading market share. This acquisition aims to integrate options trading into Coinbase's international platform, complementing its dominant spot trading position.
- The company's institutional business is robust, serving over a third of the top 100 hedge funds and securing 80% of the ETF custody business. Coinbase recently partnered with PNC Bank to offer Bitcoin to high-net-worth customers, underscoring its position as an "institutional-grade player" and its potential for growth following regulatory clarity.
- Coinbase has launched a credit card offering up to 4% Bitcoin back, which serves as a customer acquisition tool for its Coinbase One membership, and is observing institutional demand for USDC as a settlement asset, particularly on its international exchange where all quotes are in USDC.
1 day ago
Coinbase CFO Discusses Regulatory Clarity, Diversified Revenue, and 2025 Investments
COIN
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Coinbase CFO Alesia Haas highlighted the company's focus on achieving regulatory clarity through the CLARITY Act, with hopes for market structure finalization in early 2026.
- The company is actively diversifying its revenue, with subscription and services revenue growing, and reported $700 million in staking revenue over the last 12 months.
- Derivatives trading is a significant growth area, with the August 2025 acquisition of Deribit aimed at integrating spot, futures, and options for institutional clients over several quarters.
- 2025 was characterized as an investment year for Coinbase, marked by over 20% headcount growth and strategic acquisitions, with 2026 anticipated as a "digestion year" focusing on scaling new products.
- The Base Layer 2 protocol currently holds over $15 billion of USDC, and the new Base app (in beta) has over 1 million users on its waitlist, aiming to be a comprehensive self-custody on-chain application.
2 days ago
Coinbase CFO Discusses Regulatory Clarity, Revenue Diversification, and 2026 Outlook
COIN
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Coinbase's CFO, Alesia Haas, emphasized the importance of regulatory clarity for the crypto market, noting the passage of the Genius Act and ongoing efforts for the Clarity Act to define asset taxonomy and regulatory oversight.
- The company is strategically diversifying its revenue streams away from volatile trading fees, with significant growth in subscription and services revenue, which now accounts for a substantial portion of total revenue.
- Key growth drivers include derivatives trading (expanding international and US perpetual futures, integrating Deribit for a unified platform), staking (a $700 million last 12 months business with further penetration opportunities), and Prime brokerage (reporting $1 billion in outstanding loans in Q3).
- 2025 was characterized as an "investment year" with over 20% headcount growth and acquisitions, while 2026 is expected to be a "digestion year" focusing on scaling new products with more moderate sequential growth.
- Coinbase plans a product announcement event on December 17th to unveil new asset categories and expand its tradable offerings.
2 days ago
Coinbase Discusses Regulatory Clarity, Revenue Diversification, and Product Expansion
COIN
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
- Coinbase is actively seeking regulatory clarity through the Clarity Act for asset taxonomy and clear delineations between the SEC and CFTC, with optimism for finalization in early 2026.
- The company is diversifying its revenue, with non-trading revenue (subscription and services) growing significantly from 4% of total revenue when public to over 50% in some quarters. This includes a $700 million staking business over the last 12 months and prime brokerage loans averaging $1 billion in Q3 2025, up 20% year-to-date.
- Coinbase is expanding its product offerings, including the integration of Deribit (acquired August 2025) for derivatives and the Base Layer 2 protocol, which hosts over $15 billion in USDC and aims for indirect revenue growth.
- 2025 was an investment year with headcount growth over 20% and acquisitions, while Q1 2026 is projected as a "digestion" year with more moderate sequential expense growth.
- Coinbase plans a product announcement on December 17th to introduce new asset categories and expand tradable assets on its platform.
2 days ago
Coinbase Partners with PNC for Direct Bitcoin Trading Services
COIN
Product Launch
New Projects/Investments
- PNC Financial Services Group has partnered with Coinbase to offer direct spot Bitcoin trading to its eligible private banking clients.
- This collaboration leverages Coinbase's Crypto-as-a-Service (CaaS) infrastructure, allowing PNC clients to buy, hold, and sell Bitcoin directly through the bank's digital platform without needing separate crypto accounts.
- The partnership marks a significant step toward the institutional adoption of cryptocurrencies within traditional banking, enhancing legitimacy and accessibility for investors.
- PNC plans to expand Bitcoin trading access from high-net-worth private banking clients to additional client segments, including institutional clients, as the collaboration with Coinbase develops.
3 days ago
Coinbase facilitates PNC Bank's Bitcoin trading for private bank clients
COIN
Product Launch
New Projects/Investments
- PNC Bank has launched direct spot bitcoin trading capabilities for eligible clients of PNC Private Bank, becoming the first major U.S. bank to offer such a service.
- This new offering is powered by Coinbase's Crypto-as-a-Service ("CaaS") infrastructure, enabling PNC clients to buy, hold, and sell bitcoin directly through PNC's digital banking platform.
- The launch marks a key milestone in the strategic partnership between PNC and Coinbase, which was announced in July.
- PNC plans to expand access to additional client segments and introduce enhanced features in future phases of the offering.
3 days ago
Coinbase Shares Decline Amid Broader Crypto Market Weakness
COIN
Demand Weakening
- Coinbase shares dropped 4.8% as the crypto market experienced significant weakness, with bitcoin declining nearly 6% and falling below $85,000.
- The broader crypto market has lost over $1 trillion in value since its peak, contributing to the cautious sentiment.
- This downturn for Coinbase and other crypto stocks occurred against a backdrop of lower U.S. stock markets, rising U.S. Treasury yields, and a contracting manufacturing sector.
Dec 1, 2025, 10:33 PM
Coinbase to Acquire Solana DEX Vector
COIN
M&A
New Projects/Investments
- Coinbase has agreed to acquire Vector (Vector.fun), a Solana-native memecoin trading platform, to broaden Solana asset availability and improve DEX trading integration as part of its "everything exchange" strategy.
- The acquisition is expected to close by year-end 2025 for an undisclosed sum and does not materially affect Coinbase's financials.
- Despite the deal's immaterial financial impact, Coinbase's share price tumbled roughly 18% (to about $238) following the news, reflecting negative market sentiment.
- Vector, which has approximately 120,000 users, will see its team largely join Coinbase, while the Tensor Marketplace and TNSR token will move to an independent Tensor Foundation.
Nov 21, 2025, 8:21 PM
Quarterly earnings call transcripts for Coinbase Global.
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