Coinbase (COIN)
Financials · Cryptocurrency exchange and fintech platform
A comprehensive digital asset exchange and onchain financial platform serving retail, institutional, and developer customers with crypto trading, custody, blockchain infrastructure, and expanding into stocks, derivatives, and prediction markets.
What Coinbase does
Coinbase operates a multi-asset trading platform and financial services company that enables retail customers, institutions, and developers to trade, hold, and transact in crypto assets and increasingly traditional assets like stocks and commodity futures. The company derives revenue primarily from transaction fees on trading activities, subscription services including stablecoin products, and sequencer fees from its Base blockchain layer-2 solution. Coinbase recently expanded to become an "Everything Exchange" with offerings in spot crypto trading, perpetual and dated futures, stocks, commodity futures, prediction markets, and crypto derivatives across multiple exchanges including its own spot exchange, derivatives exchange, international exchange, and the acquired Deribit options platform.
Themes: ["Crypto trading","Digital assets","Blockchain infrastructure","Institutional crypto services","Onchain economy","Web3 developer platform","Crypto custody","Multi-asset trading","Everything Exchange","Crypto derivatives"]
Fundamentals
- Price$158.44 as of 2026-07-09 close
- Market cap$41.7B as of 2026-07-10
- 1-year return-57.6% as of 2026-07-09 close
- P/E52.14 as of 2026-07-10
- Net margin+12.2% as of 2026-07-10
- Gross margin+86.1% as of 2026-07-10
- ROE+5.7% as of 2026-07-10
- Debt / equity0.58 as of 2026-07-10
- Revenue growth (YoY)-5.8% as of 2026-07-10
- Revenue CAGR (3y)+31.0% SEC XBRL
- Beta3.38 as of 2026-07-10
Key risks (from latest filing)
["Regulatory uncertainty and evolution: The company operates in a highly evolving and uncertain regulatory landscape both domestically and internationally, with potential for new or changed regulations to impact the crypto industry and the company's ability to operate its products and services.","Cryptocurrency market volatility and price dependence: Revenue is heavily dependent on crypto asset prices, market capitalization, and trading volumes, making the business highly cyclical and sensitive to macroeconomic conditions and market sentiment.","Competition and market saturation: The company faces intense competition from other crypto exchanges, fintech platforms, and traditional financial institutions entering the digital asset space, with risk that increased competition could erode market share and pricing power."]
Competitors & peers
- Kraken
- Gemini
- Bitstamp
- FTX (historical competitor, now defunct)
- Traditional brokers like Fidelity and Charles Schwab (for equities expansion)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.