Recent Updates — COIN
Coinbase Global reported total revenue of $1.2 billion for the quarter ended September 30, 2026, flat sequentially, driven by a 3% increase in subscription and services revenue to $570 million. Net income reached $719 million, or $2.51 diluted per share, compared to a loss of $359 million in the prior quarter, aided by a $715 million non-cash gain on crypto assets held for investment. Adjusted EBITDA grew 60% sequentially to $333 million, marking the 15th consecutive quarter of positive adjusted earnings. The company maintained its crypto trading market share at 10.7%, while average USDC held in products hit a new all-time high of $22 billion. Coinbase operates as a cryptocurrency exchange and financial technology platform.
On September 29, 2026, Jennifer Jones, Coinbase Global's Chief Accounting Officer and principal accounting officer, notified the company of her decision to retire effective upon transition to a successor. The departure is not due to any disagreement regarding operations or policies, and the company has initiated a search for candidates to ensure a smooth handover of responsibilities. Coinbase operates in the cryptocurrency exchange and financial services industry.
Coinbase Global, Inc. announced that its Board of Directors increased in size from nine to ten members and appointed Anthony Armstrong as a director effective September 1, 2026. Mr. Armstrong will serve until the earliest occurrence of the Company’s 2027 annual meeting or his earlier removal, and he has been assigned to the Audit and Compliance Committee. His compensation follows the standard Non-Employee Director Compensation Program, and he has signed a standard indemnification agreement. The Board confirmed there are no special arrangements for his selection, no family relationships with existing directors or executives, and no material interests in transactions requiring disclosure under Regulation S-K. Coinbase Global, Inc. operates as a cryptocurrency exchange platform facilitating the buying, selling, and storage of digital assets.
Coinbase Global, Inc. published its earnings presentation for the quarter ended June 30, 2026, reporting total revenue of $1.2 billion and a net loss of $359 million. Subscription and services revenue reached $555 million, representing 48% of net revenue, while transaction revenue declined to $599 million due to softer market conditions and lower crypto asset volatility. The company achieved an all-time high in its Crypto Trading Volume Market Share of 10.3%, driven by gains in spot and derivatives trading despite a decline in total market volume. Adjusted EBITDA was $208 million, marking the 14th consecutive quarter of positive adjusted earnings. Coinbase also announced a reduction in its full-year 2026 Adjusted Expenses guidance to a range of $4.2 billion to $4.45 billion and reported a $52.4 million restructuring charge related to workforce reductions. The company operates in the cryptocurrency exchange and financial services industry, providing digital asset trading, custody, and blockchain-based products.
Lawrence Brock notified Coinbase Global, Inc. of his intention to step down as Chief People Officer, effective August 17, 2026. The company expects to appoint Dominique Baillet as the new Chief People Officer. Mr. Brock will provide advisory services from September 2, 2026, through November 30, 2026, under an advisor agreement that includes a lump sum payment of three months' base salary and continued RSU vesting. Coinbase Global, Inc. operates in the cryptocurrency exchange and financial services industry.
Paul Grewal notified Coinbase Global, Inc. of his intention to step down as Chief Legal Officer and Secretary, effective July 31, 2026. The company expects to appoint Molly Abraham, Vice President, Legal, as the new General Counsel and Secretary. Grewal will serve as an advisor to the company from August 1, 2026, to October 31, 2026, receiving a lump sum payment of three months of his current base salary and continued RSU vesting. Coinbase Global, Inc. operates in the cryptocurrency exchange and financial services industry.