Coinbase Global, Inc. (COIN)

The company now

Coinbase lost $359.5 million in the second quarter of 2026, its third quarterly loss in a row, as net revenue fell to $1.2 billion from $1.4 billion a year earlier 12. Much of the loss came from marking down the crypto it keeps as an investment, a $209.5 million loss in the quarter 2. Customers traded less: consumer spot trading volume fell 38 percent, and monthly transacting users dropped to 7.6 million from 8.7 million 1.

In May the company cut about 700 jobs, some 14 percent of its workforce, to fit costs to the market and to "optimize the Company's operations for the AI era" 4. Subscription and services revenue, chiefly its share of the interest earned on the reserves behind the USDC stablecoin, made up 48 percent of net revenue and softened the fall 13. Prediction markets, contracts that pay out on the outcome of events such as games, reached more than $100 million of yearly revenue at the second quarter's pace, the company said 2.

Third-quarter results are due after the market closes on 29 October 2026 5. In late September the Commodity Futures Trading Commission (CFTC) registered Coinbase Clearing LLC, the company's own clearing house, for fully collateralized contracts only 6. The broad market-structure bill the industry wanted, the CLARITY Act, failed a Senate cloture vote on 15 September 2026, 50 to 49, short of the 60 votes needed 7.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.