Coinbase Global, Inc. Class A (COIN)

In the past six months, Coinbase's stock has experienced several notable events and fluctuations, with a 7.33% increase overall, despite a 26.97% fall in the last month. Key events include strong Q3 earnings, analyst upgrades and price target adjustments, new product launches and acquisitions, market volatility influenced by Bitcoin's price, and regulatory and operational news such as Argus cutting Coinbase to 'Hold' and a data theft incident resulting in a $307 million expense.

Demand seasonality for Coinbase's products and services is closely tied to broader cryptocurrency market trends. Trading volume tends to rise during bull markets, with April often associated with positive performance due to cash deployment from tax refunds, while September has historically been a weaker month. Seasonal trends are not always reliable indicators of future performance.

Coinbase Global, Inc. is a leading American cryptocurrency exchange founded in 2012. It operates as a platform for crypto assets, providing financial infrastructure and technology for the cryptoeconomy, primarily in the Finance sector. Coinbase offers a range of products and services for consumers, institutions, and developers, including cryptocurrency investing, trading platforms, digital wallets, custodial accounts, and developer tools.

Coinbase Global, Inc. operates internationally in over 100 countries and is headquartered in San Francisco, California. As of 2025, the company operates as a remote-first company. The United States represents the largest portion of its revenue, accounting for 34.52% in fiscal year 2024. Coinbase is listed on various international stock exchanges, including those in Germany, Switzerland, Austria, Brazil, Mexico, Italy, Bulgaria, and Canada.

Coinbase has cultivated a brand reputation for security and a strong commitment to regulatory compliance. However, its reputation has been impacted by events such as the SEC lawsuit filed in June 2023, CEO Brian Armstrong's stock sale the day before the lawsuit, and a data theft incident in Q2 2025 that resulted in a $307 million expense.

Coinbase Global, Inc.'s ownership structure includes institutional, retail, and individual investors. Institutional investors hold just over 51% of the company's total shares as of November 2025, with major holders including Vanguard Group Inc. and BlackRock Inc. Company insiders collectively own around 14% of the shares, with Marc Andreessen being the largest individual shareholder, followed by co-founders Frederick Ernest Ehrsam III and Brian Armstrong.