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Coinbase Global (COIN)

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Earnings summaries and quarterly performance for Coinbase Global.

Research analysts who have asked questions during Coinbase Global earnings calls.

BP

Bo Pei

U.S. Tiger Securities

5 questions for COIN

Also covers: ISPR, NIPG
Devin Ryan

Devin Ryan

Citizens JMP

5 questions for COIN

Also covers: AMTD, CRCL, DAVE +19 more
KW

Kenneth Worthington

JPMorgan Chase & Co.

5 questions for COIN

Also covers: APO, ARES, BAM +27 more
Peter Christiansen

Peter Christiansen

Citigroup Inc.

5 questions for COIN

Also covers: ADP, ADT, ALIT +12 more
Alexander Markgraff

Alexander Markgraff

KeyBanc Capital Markets

4 questions for COIN

Also covers: AVDX, BILL, CNCK +7 more
JT

John Todaro

Needham & Company

4 questions for COIN

Also covers: APLD, BTDR, CAN +12 more
Benjamin Budish

Benjamin Budish

Barclays PLC

3 questions for COIN

Also covers: AB, APO, ARES +23 more
James Yaro

James Yaro

Goldman Sachs

3 questions for COIN

Also covers: CRCL, ETOR, EVR +11 more
OL

Owen Lau

Oppenheimer & Co. Inc.

3 questions for COIN

Also covers: CLVT, CME, CRCL +8 more
Ben Budish

Ben Budish

Barclays PLC

2 questions for COIN

Also covers: AB, APO, ARES +19 more
DD

Dan Dolev

Mizuho Financial Group

2 questions for COIN

Also covers: ACN, ADP, AFRM +14 more
Joseph Vafi

Joseph Vafi

Canaccord Genuity - Global Capital Markets

2 questions for COIN

Also covers: ADV, ALIT, ASGN +20 more
KS

Kwun Sum Lau

Oppenheimer

2 questions for COIN

Also covers: CBOE, CLVT, CME +9 more
PM

Patrick Moley

Piper Sandler & Co.

2 questions for COIN

Also covers: BGC, CBOE, CME +17 more
PM

Patrick Molley

Piper Sandler

2 questions for COIN

Also covers: HUT
BK

Brett Knoblauch

Cantor Fitzgerald & Co.

1 question for COIN

Also covers: APLD, AVPT, BITF +18 more
Mark McLaughlin

Mark McLaughlin

Bank of America

1 question for COIN

Michael Colonnese

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 Acquires Prediction-Market Startup The Clearing Company
COIN
M&A
New Projects/Investments
  • Coinbase is acquiring prediction-market startup The Clearing Company, led by Toni Gemayel, with the transaction expected to close in January.
  • This acquisition aims to accelerate and scale Coinbase’s prediction-markets product as part of its strategy to build an “Everything Exchange,” allowing customers to trade event contracts alongside other asset classes.
  • The deal positions Coinbase against established prediction-market players and reflects a broader trend of retail platforms becoming one-stop financial supermarkets.
  • Investors reacted positively to the news, lifting Coinbase shares approximately 3%. This marks Coinbase's tenth acquisition in 2025.
5 days ago
Coinbase's Base App Integrates Doma Protocol's Names Marketplace
COIN
Product Launch
New Projects/Investments
  • Doma Protocol launched the Doma Names Marketplace on the Base app on December 18, 2025, enabling users to discover, trade, and manage traditional internet domains directly within the Base ecosystem.
  • This integration brings over 40 million DNS domains onchain from ICANN-accredited registrars, allowing instant purchases with USDC or ETH.
  • Doma Protocol tokenizes DNS domains, transforming the $360 billion domain industry into tradable assets and making them programmable across Web3.
  • Strategic partnerships with major domain registrars, such as InterNetX, are onboarding their portfolios onto Doma Protocol, unlocking new distribution channels.
  • Coinbase Ventures is an investor in D3 Global, a core contributor to Doma Protocol, which previously secured a $25M Series A funding round.
Dec 18, 2025, 4:00 PM
Coinbase Expands Offerings with "Everything Exchange" and New Financial Services
COIN
Product Launch
New Projects/Investments
  • Coinbase has launched the "everything exchange," significantly expanding its platform to include stock trading, equity perpetuals (available outside the U.S. with up to 20 times leverage), and prediction markets. The company also enhanced its crypto trading capabilities by introducing derivatives (futures and perpetual futures) for U.S. traders and providing access to millions of on-chain assets via decentralized exchange trading within the Coinbase app.
  • New financial services introduced include direct deposit with automatic investing, USDC rewards (up to 10% for lending), instant asset unstaking, and expanded borrowing options against crypto assets (up to $5 million for Bitcoin, $1 million for Ethereum). Additionally, the Coinbase One Card was launched, offering up to 4% in Bitcoin on everyday purchases.
  • The Base App, a self-custodial wallet, is now globally available after exiting beta, offering social, trading, and earning features. Coinbase also launched Coinbase Tokenize, an end-to-end solution for bringing off-chain assets such as equities and real estate on-chain.
Dec 17, 2025, 10:00 PM
Coinbase Unveils 'Everything Exchange' and Expands Business Offerings in 2025 System Update
COIN
Product Launch
New Projects/Investments
  • Coinbase has expanded its platform to become an "Everything Exchange", now offering trading for new asset classes including stocks, prediction markets, and derivatives for U.S. traders, alongside millions of crypto assets via decentralized exchange integration.
  • The company reported holding over $500 billion in crypto assets on its platform as of Q3, representing a 5x growth over the past three years.
  • Coinbase Business is officially out of beta and available to all, serving over 1,600 companies with features like payouts and invoices. The Coinbase Developer Platform (CDP) received a major update with enterprise APIs for custody, payments, trading, and custom stablecoins, powering crypto products for banks and fintechs.
  • New product launches include Coinbase Advisor, an AI-powered financial management tool, and Coinbase Tokenize, an end-to-end solution for bringing off-chain assets like equities and real estate onto the blockchain.
Dec 17, 2025, 10:00 PM
Coinbase Unveils "Everything Exchange" and Expands Financial Services and Asset Tokenization
COIN
Product Launch
New Projects/Investments
  • Coinbase has launched the "Everything Exchange," significantly expanding its offerings to include stock trading, equity perpetuals, prediction markets, and derivatives for U.S. traders, alongside decentralized exchange (DEX) trading for millions of on-chain assets and a new token sales platform.
  • The company reported substantial growth in its financial services, with over $500 billion in crypto assets on platform as of Q3, and retail customer assets exceeding $200 billion (more than tripling since 2023). New services include direct deposit, instant unstaking, USDC lending (over $1 billion lent in three months), and a borrow product that has provided $1.5 billion in liquidity since January.
  • A new product, Coinbase Tokenize, was introduced as an end-to-end solution for bringing off-chain assets such as equities, private companies, funds, and real estate on-chain, integrating issuance, custody, compliance, and trading.
  • Coinbase also launched an AI-powered advisor for financial planning and enhanced its developer platform with new APIs, including a one-click stablecoin checkout and the x402 payment protocol.
Dec 17, 2025, 10:00 PM
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.
Dec 11, 2025, 3:00 PM
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.
Dec 10, 2025, 1:30 PM
Coinbase CFO Discusses Market Volatility, Regulatory Shifts, and Growth Strategies
COIN
M&A
New Projects/Investments
Revenue Acceleration/Inflection
  • Coinbase's CFO, Alesia Haas, addressed recent crypto market volatility, including a $19 billion liquidation event on October 10th, noting that Coinbase remained "business as usual" and that the market showed resilience with no systemic fallout.
  • The U.S. regulatory landscape is improving, with the GENIUS Act passed for stablecoin regulation and strong momentum for the proposed CLARITY Act, which Coinbase anticipates will foster market growth and attract more participants.
  • Coinbase is highly acquisitive, completing eight deals this year, notably acquiring Deribit, which commands 75% of the options trading market share, to integrate options into its international and future U.S. offerings.
  • Coinbase's institutional business is strong, serving over a third of the top 100 hedge funds and securing 80% of the ETF custody business. The company is also expanding its "Crypto-as-a-Service" to over 260 businesses, acting as an infrastructure provider.
Dec 10, 2025, 1:30 PM
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.
Dec 10, 2025, 1:30 PM
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.
Dec 9, 2025, 9:20 PM

Quarterly earnings call transcripts for Coinbase Global.