Coinbase Global, Inc. Class A (COIN)

Coinbase's stock price has experienced volatility in the past six months. The all-time high closing price for Coinbase Global was $419.78 on July 18, 2025. In July 2025, Coinbase's Q2 2025 revenue fell to $1.5 billion, missing forecasts, and trading volumes were down 40%, causing the stock to drop by 3.12% to $343.05 after hours. A data theft incident in May 2025 resulted in a $307 million expense. In August 2025, Coinbase completed the acquisition of Deribit for approximately $2.9 billion. The broader cryptocurrency market downturn has negatively impacted COIN's stock. Bitcoin's price plummeted in late 2025 and early 2026, reaching its lowest in over a year in February 2026, dragging down other crypto stocks, including Coinbase. In early February 2026, Coinbase's stock was trading more than 7% lower, closing at nearly $169 a share. As of February 5, 2026, the share price was $146.09, representing a decline of 45.97% from February 6, 2025, when it was $270.37. The latest closing stock price as of February 6, 2026, was $165.12.

The demand for Coinbase's products and services exhibits seasonality, being closely tied to the broader cryptocurrency market. September has historically been a weaker month for crypto performance. January can see elevated activity. Demand is influenced by macroeconomic factors and regulatory developments. High cryptocurrency prices and volatility were beneficial for Coinbase in 2025. There can also be shifts in demand between different cryptocurrencies. Coinbase's Base network monetizes on-chain activity even when spot trading volumes are cyclical.

Coinbase Global, Inc. operates as a platform for crypto assets, serving individual consumers and institutional clients globally. It is in the Technology sector, specifically Fintech & Infrastructure. Coinbase offers products and services, including a financial account for consumers, a brokerage platform for institutions, and tools for developers. Key products include USDC, a crypto debit card, blockchain infrastructure, and data analytics services. Coinbase also provides specialized services such as Coinbase Prime, Custody, Wallet, One, Advanced, Business, Commerce, and Payments. The company was founded in 2012 and is based in New York, operating as a remote-first company.

Coinbase Global, Inc. has an international presence, operating in over 100 countries. While its headquarters are in San Francisco, California, the company functions as a remote-first organization. In fiscal year 2024, the United States was the largest revenue-generating region, contributing $5.46 billion. Other notable revenue contributions came from EMEA ($445.79 million), Germany ($209.71 million), Japan ($184.55 million), China ($126.63 million), Korea, Republic of ($112.90 million), Other International ($213.34 million), and the Rest of the World ($1.10 billion).

Coinbase has a reputation as a trusted, compliant, and user-friendly gateway to the cryptocurrency space, particularly in the United States. Its custody services have benefited from the approval of Bitcoin and Ethereum ETFs. However, the company's reputation has faced challenges. In May 2025, Coinbase disclosed a cyberattack that affected less than 1% of its Monthly Transacting Users (MTUs), incurring remediation costs. In February 2026, Vitalik Buterin criticized Coinbase's corporate control over the Base network.

Institutional investors hold approximately 48% of Coinbase Global, Inc. shares, with the remaining 52% owned by retail investors and insiders. The largest institutional shareholder is The Vanguard Group Inc., holding approximately 24.21 million shares, representing about 9.49% of the company's outstanding shares. Other major institutional owners include BlackRock, Inc., Susquehanna International Group, Llp, State Street Corp, Toroso Investments, LLC, Citadel Advisors Llc, Jane Street Group, Llc, and VTSMX - Vanguard Total Stock Market Index Fund Investor Shares. Brian Armstrong, a co-founder of Coinbase, holds a 19% ownership stake in the company.