Stocks.

·Fintech + payments

Coinbase Global

$248.61
+4.84%

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Largest US crypto exchange — fee + subscription mix shifting toward USDC + custody.

$63B

21 of 22

39.2

10 of 15

Trans rev YoY
+50%
Subs + services
$2.2B TTM
Op margin (adj)
26%

3 of 3

More angles · 6

The headline metrics above sit at the top because they're what most readers glance at first. These six dimensions are where a tech-focused study actually lives — capital intensity, margin trajectory, concentration risk, and the per-sub-sector quality metrics this kind of business is judged on.

USDC revenue share
~14%

the non-transactional ballast

Custody assets
$200B+
Take rate (retail)
1.40%

structurally pressured as competitors price down

Op leverage to vol
high

fixed-cost base; trans rev cyclicality drives the chart

Regulatory overhang
SEC posture shifting

policy-driven beta the rest of the catalog doesn't have

3yr rev CAGR
+6%
Track in portfolio Back to feed

Stands out in coverage

Where COIN leads — and where it trails — the rest of coverage

2 callouts

Leads

  • Top mover today+4.84%vs 21 peers

Trails

  • Lowest Op margin (adj)26%vs 2 peers

Fundamental rows (P/E, margins, growth) rank COIN against same-sector peers that disclose the metric — a high P/E means different things in different sectors, so the comparison stays within one. Sectors with only one ticker in coverage fall back to the full catalog so the chip isn't silently dropped. Market cap and today's move stay coverage-wide — those are positional summaries, not quality reads. Direction (higher- or lower-is-better) is editorial; rows we don't have a confident direction on are skipped. Structural ranking, not individualised investment advice.

What changed on the call

How management's posture shifted from FY25-Q4 to FY26-Q1

2 quarters
Tone
cautiousconstructive
Guidance
withdrewmaintained

This quarter · FY26-Q1

Called 2026-05-08

Trading volumes recovered on the back of higher market volatility; transaction revenue grew strongly. Subscription and services revenue — staking, USDC, custody — continued to be the more durable line management leaned on. Regulatory commentary unusually measured.

  • Transaction revenue grew strongly on volatility-driven volumes; management was careful to frame it as cyclical.
  • Subscription and services growth steady — staking and USDC the load-bearing lines.
  • Operating expense growth restrained; margin expanded on the revenue rebound.
  • Regulatory commentary measured; no specific outcome called but tone constructive vs prior cycle.

Prior · FY25-Q4

Called 2026-02-13

Trading volumes softer on lower volatility; transaction revenue declined sequentially. Subscription and services held up. Management spent more time than usual on cost discipline and regulatory engagement. Tone cautious on near-term transaction revenue.

  • Transaction revenue declined sequentially on low volatility; management framed it as cyclical, not structural.
  • Subscription and services held up; the more durable line in a softer transaction quarter.
  • Cost discipline emphasised; opex grew below revenue.
  • Regulatory engagement discussed at length; tone notably cautious.
New this quarter
transaction revenue reboundsubscription & services durabilitystaking growthusdc growthregulatory tone constructive
Dropped from prior
transaction revenue softlow volatilitysubscription durabilitycost disciplineregulatory caution

Publisher summary. Structured editorial commentary, not a verbatim transcript.

Investor page ↗

Recent insider activity

4 insider buys on the tape

· last 30 days

4 distinct insiders bought COIN in the last 30 days — the multi-buyer pattern that historically reads more durably than any single buy on its own.

Net 30-day flow
+$6.4M

Buys outweigh sells

Distinct insiders
4

4 buying · 0 selling

Of which planned
—

share of selling

Latest filings

  • Jane Doe · CFO

    Filed May 10, 2026

    +$1.6M

    Buy14.1K sh

  • Daniel O'Connor · General Counsel

    Filed May 4, 2026

    +$1.6M

    Buy14.2K sh

  • Hiroshi Tanaka · SVP Sales

    Filed Apr 29, 2026

    +$1.6M

    Buy14.0K sh

  • Michael Chen · CEO

    Filed Apr 25, 2026

    +$1.6M

    Buy14.1K sh

Public Form 4 record. Plan-scheduled sales () are flagged so they don't read as conviction sales.

EDGAR ↗

& borrow

Short interest sits in the unremarkable band for COIN

Unremarkable
2.11%

Light

0.7d

Very liquid

2.1%

fallingModest

16%

Ample supply

Public short-interest disclosure (Reg SHO) and securities-lending read. The pressure label is publisher commentary, weighted into the verdict — not a directional call.

FINRA ↗

Government activity

Congressional disclosures lean toward COIN selling

Congress selling
$0

None on record

Net congressional flow
−$3M

Net selling

Disclosures
4

0 buys · 4 sells

Recent STOCK Act disclosures

  • Sen. Sample Member-F · Senate

    Traded May 7, 2026

    −$250,001–$500,000

    Sell

  • Rep. Sample Member-C · House

    Traded Apr 28, 2026

    −$1,000,001–$5,000,000

    Sell

  • Rep. Sample Member-H · House

    Traded Apr 20, 2026

    −$1,001–$15,000

    Sell

  • Sen. Sample Member-E · Senate

    Traded Apr 13, 2026

    −$50,001–$100,000

    Sell

Public-record STOCK Act disclosures and federal contract awards. The pattern label is publisher commentary on the data — apolitical and not a directional call.

Quiver ↗

& positioning

Mixed options tape on COIN — both sides are paying for size

Mixed tape
$1.66M

3 notable prints

35% / 65%

Put-leaning

Bull / bear premium
65% / 35%

Bullish-leaning

Largest single print
$573K

Notable

Largest prints · COIN

  • COIN 2026-06-19 C125

    CALL·bearish·2026-05-10

    $573K

  • COIN 2026-06-19 P102

    PUT·bullish·2026-05-11

    $558K

  • COIN 2026-06-19 P102

    PUT·bullish·2026-05-14

    $529K

Public OPRA prints filtered to large, premium-weighted sweeps. The conviction label is publisher commentary — a confirmation read, not a directional call.

CBOE ↗

change

Substantial rewrite in COIN's latest 10-K

Substantial edit

Substantial language change

COIN’s latest 10-K reads 27.7% different from the prior comparable filing (0001679788-25-000022) — edits concentrated in Item 7 MD&A. The research finds material rewrites of risk-factor and MD&A language historically predict underperformance, on the read that management quietly tweaks the wording before the market reprices.

Form
10-K

Annual report

Filed
Feb 12, 2026

3 months ago

Δ vs prior
27.7%

Heavy rewrite

Sections moved
1

One section

Per-section delta

  • Item 7 MD&A

    MD&A — narrative discussion of results and forward posture

    Δ 27.7%

    Material

Year-over-year shingle-cosine diff of / Risk Factors and MD&A. Material edits historically predict underperformance — publisher commentary on a public filing, not a directional call.

EDGAR ↗

Running Haiku → Sonnet pipeline…

History · COIN

3 items
Price moveStockStory · 2026-07-21
6d ago
COIN
$248.61+4.8%

COIN jumps 11% as White House and Senate near CLARITY Act ethics deal

Shares of Coinbase (NASDAQ: COIN) surged 11% in the morning session on July 21 after reports emerged that the White House and Senate Republicans reached an agreement on an ethics package for the CLARITY Act, potentially clearing a major legislative hurdle for digital-asset regulation. The broader crypto market also strengthened, with Bitcoin hitting a two-week high and U.S. spot Bitcoin ETFs logging five consecutive days of inflows.

Peers in coverage

No same-sector peers in coverage yet — surfacing the day's biggest movers instead.

Compare 4 side by side

Same impersonal verdict shown on each profile page, surfaced for discovery. The order does not account for your positions or concentration. Browse the full list on the screener.

What this profile tracks

  • PriceDaily move and a session .
  • Filings / text diffs and material .
  • Insider and sales.
  • Short side, , and — squeeze pressure flagged.
  • Government congressional disclosures and awards.
  • OptionsLarge prints, weighted by — call / put split and conviction tag.
  • SentimentAggregated, decayed .
  • NewsCurated wires and press releases.
  • AI takesAsk the assistant — it knows you're on COIN.