Coinbase Global (COIN) Company Report

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.

7 days ago

Barron's

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

Fortune

TAP, Inc. Launches New Platform for Digital Payments, Investing, and Asset Registry

COIN

Product Launch

New Projects/Investments

TAP, Inc. announced the launch of the TAP Platform, a unified system for verified digital payments, multi-asset investing, and digital asset registry, designed to support the U.S. shift towards blockchain tokenization.
The platform's core components include TAP Wallet, TAP Invest (featuring AI-driven tools like TAURUS and TAP AI Analyzer, and multi-asset strategies), and TAP Registry (built on Base, an Ethereum Layer-2 network).
The TAP Platform aims to enable more transparent and trusted digital transactions, reduce fraud, speed up settlements, and can be white-labeled for commercial deployments across universities, banking, healthcare, and government.
TAP's foundation includes U.S. Patent No. 12,118,613, and its TAP Invest operates in conjunction with SocialTrader Robo-RIA, a registered investment advisory subsidiary, ensuring regulatory alignment.

Nov 21, 2025, 12:50 AM

Press Release

Coinbase Ends BVNK Acquisition Talks

COIN

M&A

New Projects/Investments

Coinbase has terminated exclusive negotiations to acquire London-based stablecoin infrastructure startup BVNK, a deal that was valued at approximately $2 billion.
Both parties mutually agreed not to move forward with the acquisition.
This decision follows Coinbase's earlier $2.9 billion acquisition of crypto derivatives exchange Deribit.
Stablecoins represented roughly 20% of Coinbase's revenue in the third quarter, which saw transaction revenue of $1.05 billion.

Nov 11, 2025, 8:01 PM

Bloomberg

Coinbase Launches Platform for Pre-Listing Token Sales to Retail Investors

COIN

Product Launch

New Projects/Investments

Regulatory

Coinbase is launching a new token issuance platform that allows U.S. retail investors to purchase digital tokens before their official listing on the exchange, marking the first time since 2018 that such participation is available.
The platform is expected to host roughly one token sale per month, with the blockchain startup Monad being the first project.
Purchases on the platform must be made using USD Coin (USDC), and the platform employs an algorithm for equitable token distribution, along with screening projects for regulatory compliance and long-term viability.
Measures are in place to support market stability, including barring token issuers from selling for six months and penalizing individual recipients who sell their tokens within a month of launch.

Nov 10, 2025, 2:40 PM

Bloomberg

Paystand Acquires Bitwage

COIN

M&A

New Projects/Investments

Paystand has acquired Bitwage to integrate stablecoin settlement and FX across its B2B payments network.
This acquisition aims to deliver enterprise-grade stablecoin settlement and FX for global B2B finance, connecting receivables, payables, and treasury FX.
Bitwage's platform supports payouts in USDC, USDT, BTC, ETH, and local currencies across approximately 200 countries and serves 90,000 recipients / 4,500 companies.
Paystand's network has processed over $20 billion in payment volume for more than 1,000 enterprises and over one million businesses globally.

Nov 7, 2025, 5:00 PM

Press Release

Virtune Launches Stablecoin Index ETP

COIN

Product Launch

New Projects/Investments

Virtune launched the Virtune Stablecoin Index ETP (STABLE) on November 5, 2025, on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra.
The ETP offers diversified exposure to blockchains and crypto assets that serve as infrastructure for stablecoins, and is 100% physically backed by underlying crypto assets stored with Coinbase in cold-storage.
The annual management fee for the ETP is 1.95%.
As of November 4, 2025, the ETP's allocation includes Ethereum (42.90%), XRP (23.50%), Solana (18.43%), Chainlink (6.06%), Stellar Lumen (5.75%), and Aave (3.36%).

Nov 5, 2025, 8:49 AM

Press Release

Coinbase: Virtune Launches Stablecoin Index ETP

COIN

Product Launch

New Projects/Investments

Virtune, a Swedish-regulated crypto asset manager, launched the Virtune Stablecoin Index ETP (STABLE) on November 5, 2025, across Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra.
This ETP is the first of its kind in Europe, providing diversified exposure to the underlying blockchain infrastructure that supports stablecoins.
The Virtune Stablecoin Index ETP is 100% physically backed by crypto assets held in cold storage by Coinbase and has an annual management fee of 1.95%.
Virtune currently manages $400 million USD in assets for over 150,000 institutional and private investors.

Nov 5, 2025, 8:49 AM

Press Release

Coinbase Nears Acquisition of BVNK

COIN

M&A

New Projects/Investments

Coinbase is in advanced negotiations to acquire BVNK, a London-based stablecoin infrastructure startup, for approximately $2 billion.
The deal is expected to close by the end of this year or early 2026 and aims to expand Coinbase's presence in the growing stablecoin payments market.
This acquisition is a strategic move to diversify Coinbase's revenue beyond crypto trading, with stablecoins already contributing nearly 20% of its revenue.
BVNK, founded in 2021, provides payment infrastructure that enables merchants to accept payments in both cryptocurrencies and traditional currencies.

Nov 1, 2025, 3:58 AM

Bloomberg

Coinbase Reports Strong Q3 2025 Results

COIN

Earnings

M&A

New Projects/Investments

Coinbase reported net income of about $433–$437 million and revenue of roughly $1.87–$1.9 billion for Q3 2025, with earnings per share (EPS) of $1.44.
Transaction revenue was about $1.04–$1.05 billion, driven by heightened crypto volatility and institutional demand, and stablecoin-related income reached about $354.7 million.
The company's bitcoin holdings increased to approximately 14,548 BTC during the quarter.
Coinbase closed its Deribit acquisition, which contributed roughly $52 million in revenue to Q3 results, and is accelerating its derivatives push while advancing its "Everything Exchange" strategy, including new bank partnerships.