COIN

Coinbase Global, Inc.

Ticker: COINFinancialsFinance ServicesS&P 500
HQ NEW YORK, NYCIK 1679788FY end 12-31Book / share $49.52Shares 264M
Revenue (FY)
$7.18B+9.40%
TTM $6.28B
Op. margin
19.99%-15.16%
TTM 9.86%
Net income
$1.26B-51.13%
TTM $-987.77M
Operating cash
$2.43B-5.10%
TTM $2.66B
Free cash flow
$2.43B-5.10%
TTM $2.66B
Return on equity
8.52%-16.58%
TTM -7.55%
Debt / equity
0.52+0.08%
TTM 0.50
Shares outstanding
287.2M+5.06%
TTM 264.1M

The business

Coinbase Global, Inc. (NASDAQ: COIN) operates as a leading cryptocurrency exchange and digital asset platform serving consumers, institutions, and developers worldwide. The company's website is www.coinbase.com.

The company provides a comprehensive suite of products designed to facilitate engagement with cryptocurrency and blockchain technology. Coinbase's core offerings include consumer trading platforms featuring both simple and advanced trading experiences for crypto assets, stocks, commodity futures, perpetual futures, and prediction markets through its "Everything Exchange" initiative launched in December 2025. For institutional customers, the company operates Coinbase Prime, a full-service prime brokerage platform, alongside four specialized exchanges: the Coinbase Exchange for spot trading of over 360 crypto assets, the Coinbase International Exchange for perpetual futures and spot trading, the Coinbase Derivatives Exchange for dated and perpetual-style futures, and the Deribit Exchange, a global leader in crypto options trading.

Beyond trading, Coinbase generates revenue through subscription and services products including stablecoin offerings such as USDC developed in partnership with Circle Internet Financial, blockchain staking services with approximately $7.5 billion in consumer assets and over $15.2 billion in institutional assets staked as of December 31, 2025, institutional financing solutions, and custody services. The company also operates Base, a Layer 2 Ethereum blockchain, and offers the Base App, a self-custodial wallet product providing access to decentralized applications.

Coinbase monetizes its platform primarily through transaction fees on trading activities and subscription revenue from products like Coinbase One, a consumer subscription service offering reduced trading fees, staking rewards, and other benefits. The company also earns revenue from staking commissions, custody fees, and interest on customer custodial funds.

As of December 31, 2025, Coinbase employed 4,951 people and operates as a remote-first organization. The company maintains a global presence serving customers across multiple jurisdictions while navigating complex and evolving regulatory requirements related to cryptocurrency, anti-money laundering, and financial services compliance.

Sector
Financials
Industry
Finance Services
HQ
NEW YORK, NY
FY end
12-31
CIK
1679788
SIC
6199
Financial performance · annual
20212025
$-3.67B$-532.07M$2.61B$5.75B$8.89B20212022202320242025TTMTTMTTM

Ownership

Who holds Coinbase Global, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

598
funds hold it
0 of 35
superinvestors hold it
$8.82B
fund-held value
21.1%
of shares held by funds
6
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%$980.79M
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%$842.70M
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.27%$610.86M
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.06%$539.54M
iShares Core S&P 500 ETF
IVV · iShares Trust
0.05%$447.22M

Bonds held by funds

Funds report holding 6 issues of Coinbase Global, Inc.'s debt, $1.51B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 2.79%, maturing 20262032.

IssueCouponMaturesFundsFund-held
Coinbase Global Inc3.375%2028-10-0199$524.91M
Coinbase Global Inc3.625%2031-10-0178$334.11M
Coinbase Global Inc0.000%None2032-10-0139$240.86M
COIN 0 10/01/290.000%None2029-10-0128$175.26M
COIN 0.25 04/01/300.250%2030-04-0145$173.62M
COINBASE GLOBAL INC CONV 0.5% 06/01/20260.500%2026-06-019$61.10M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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