COIN
NASDAQ
Financial Services
$142.52
USD
-$11.85 (-7.68%)
Last close
Market Cap:
$39.55B
Volume:
7.7M
Previous Close
$154.37
Day Range
$141.48 - $152.19
52 Week Range
$139.36 - $444.65
Average Volume (10 Days)
7.9M
P/E Ratio
31.38
Dividend Yield
0.00%
Coinbase Global, Inc. engages in the provision of a trusted platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a wide variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. The company is headquartered in New York City, New York and currently employs 4,951 full-time employees. The company went IPO on 2021-04-15. The firm provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. The company offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The firm offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The firm also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
CEO
Mr. Brian Armstrong
Headquaters
New York City, NEW YORK, US
Founded
2021
Employees
4,951
Base deployed its Beryl network upgrade on June 25, introducing the B20 token standard for native token issuance directly embedded in node software. The upgrade reduced Base-to-Ethereum withdrawal delays from seven days to five and improved node performance through Reth V2, supporting future scalability.
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Coinbase announced layoffs affecting roughly 14% of employees as the company posted its second consecutive quarterly loss and a 31% revenue decline. CEO Brian Armstrong framed the cuts as part of a broader shift toward AI-driven operations, not just cost-cutting. The move follows weak crypto trading volumes and reflects broader tech industry pressure to balance efficiency with AI investment.
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Coinbase launched pre-IPO perpetual futures for SpaceX on June 4, allowing eligible non-US traders to gain leveraged exposure to the company's private-market valuation, currently estimated around $1.8 trillion. The USDC-settled contracts offer 5x leverage, carry no expiration date, and automatically convert to standard SpaceX perpetuals if the company goes public. This marks Coinbase's latest step toward becoming an "Everything Exchange," joining rivals like Binance, OKX, and Crypto.com in offering synthetic pre-IPO products.
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Coinbase announced a 14% workforce reduction as part of a strategic shift toward AI-powered operations. The move follows a quarterly loss and declining crypto trading volumes, with CEO Brian Armstrong describing plans to rebuild the company as an 'intelligence, with humans around the edge.'
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Coinbase is laying off roughly 14% of its workforce following a second consecutive quarterly loss and a 31% drop in revenue. The company frames the cuts as part of a broader shift toward AI-driven operations, citing evolving market conditions and the need to streamline costs.
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