COIN

In Q4 2025, Coinbase experienced a decline in revenue and posted a net loss. Bitcoin's price fell significantly, impacting the broader crypto market and Coinbase's financials. In May 2026, Coinbase announced a reduction of approximately 14% of its global workforce. The company reported a quarterly loss of $1.49 per share for Q1 2026, missing consensus estimates for revenue. A major exchange outage occurred during the Q1 earnings release, linked to an AWS issue. The New York Attorney General filed a lawsuit against Coinbase and Gemini Titan, alleging their prediction market platforms constitute illegal gambling. Robinhood's disappointing Q1 earnings sparked fears of similar headwinds for Coinbase. Bitcoin reclaiming the $80,000 level and a bipartisan Senate compromise on the CLARITY Act's stablecoin rewards provision led to a surge in COIN's stock. Coinbase joined a crypto industry coalition advocating for the CLARITY Act. The company launched an AI-powered app store built on its x402 payment framework. Reports emerged of a tokenized U.S. stocks partnership with Bybit. The OCC granted conditional approval for a national trust charter. Coinbase purchased $88 million in Bitcoin in Q1 2026. Derivatives trading volume soared 169% year-over-year in Q1 2026.