Coinbase Global, Inc. (COIN)

Coinbase Global, Inc. (COIN) is the leading architect of the cryptoeconomy and the most trusted digital asset platform in the United States, headquartered in a remote-first environment. Led by Founder and CEO Brian Armstrong, Coinbase’s strategic mission is to "increase economic freedom in the world" by building the infrastructure for the future of finance. The company holds a formidable industry position as the primary on-ramp for institutional and retail crypto adoption, serving as the custodian for nearly 90% of the U.S. Bitcoin ETFs. Coinbase’s vision is to move "Beyond Trading" into a world where the blockchain is the foundation for all financial transactions, identity, and social interaction. In late 2025, COIN stock has matured into a "Technology Utility," with the COIN stock price reflecting its transition from a transaction-heavy exchange into a diversified subscription and services giant.

The business operations of Coinbase are categorized into Consumer, Institutional, and Ecosystem pillars. In fiscal 2025, the "Base" L2 (Layer 2) network became a massive growth driver, processing millions of daily transactions for decentralized applications (dApps) and earning sequencers fees for the company. A primary strategic initiative is "Stablecoin Expansion," with its partnership in USDC providing a high-margin, interest-income revenue stream that now accounts for over 30% of its net revenue. The 2026 strategic roadmap focuses on "The Super App," integrating payments, messaging, and decentralized finance (DeFi) into a single mobile interface. Coinbase holds a "Regulatory and Trust Moat," as it is the only major crypto firm that has operated with full transparency as a U.S. public company, attracting the largest institutional players. With a net income of $2.7 billion in late 2025, the company has successfully de-risked its balance sheet, holding over $7 billion in cash. For growth-oriented investors, COIN stock is the definitive "Beta" play on the adoption of the Bitcoin and Ethereum networks, offering exposure to the entire crypto ecosystem through a regulated entity.

Coinbase Global, Inc. (COIN) is listed on the NASDAQ Global Select Market. For investors tracking COIN stock, the "Total Assets on Platform" and "Subscription & Services Revenue" are the primary metrics for long-term valuation. The COIN stock price is highly sensitive to crypto market volatility and SEC regulatory developments, yet its expanding service-based revenue has significantly dampened its previous boom-bust cycle. For those researching COIN stock, the company’s 2025 launch of "Coinbase One" across 35 countries highlights its ambition to turn crypto into a global, recurring-revenue utility.