# Coinbase Global, Inc.

Summary updated: 2026-10-04T09:57:01.931237Z
Canonical: https://finbar.com/research/companies/coinbase-global

## Overview

Coinbase Global, Inc. is a financial technology company providing a platform for consumers, institutions and developers to participate in the onchain economy. Its offerings include crypto assets and an expanding range of tradable products, including stocks, commodity futures, perpetual futures and prediction markets. The company’s stated mission is “to increase economic freedom in the world.” [1](https://app.finbar.com/go?id=P28537762)[2](https://app.finbar.com/go?id=P23310351)[3](https://app.finbar.com/go?id=P85810812)[4](https://app.finbar.com/go?id=P68127737)[5](https://app.finbar.com/go?id=P1206817)[6](https://app.finbar.com/go?id=P20091526)

Coinbase reported offering products and services in well over 100 countries. As of June 30, 2026, it listed a workforce of 4,300+ employees. For the year ended December 31, 2025, total revenue was $7.181 billion. [7](https://www.coinbase.com/blog/transparency-report-2025)[8](https://investor.coinbase.com/home/default.aspx)[9](https://app.finbar.com/go?id=T11160484)
[1](https://app.finbar.com/go?id=P28537762)[2](https://app.finbar.com/go?id=P23310351)[3](https://app.finbar.com/go?id=P85810812)[4](https://app.finbar.com/go?id=P68127737)[5](https://app.finbar.com/go?id=P1206817)[6](https://app.finbar.com/go?id=P20091526)[9](https://app.finbar.com/go?id=T11160484)[7](https://www.coinbase.com/blog/transparency-report-2025)[8](https://investor.coinbase.com/home/default.aspx)

## Products & services

Coinbase’s trading products include Simple Trade for buying and selling crypto, stocks, futures, and prediction markets, and Advanced Trade, which offers spot and derivatives order books, real-time charts, and live trade history. Its exchanges cover different markets: Coinbase Exchange offers spot trading across more than 360 crypto assets; Coinbase International Exchange offers spot and perpetual futures across more than 200 assets; Coinbase Derivatives Exchange offers dated and perpetual-style futures across crypto, commodities, and equity indices; and Deribit offers options, futures, and spot trading. [10](https://app.finbar.com/go?id=P83669676)[11](https://app.finbar.com/go?id=P57375911)[12](https://app.finbar.com/go?id=P88412200)[13](https://app.finbar.com/go?id=T10864419) For institutions, Coinbase Prime combines access to liquidity across venues with trading and financing services. Its custody offerings include cold storage and an orchestrated hot-wallet option for faster execution and liquidity. [14](https://app.finbar.com/go?id=P24956289)[15](https://app.finbar.com/go?id=P30633153)[16](https://app.finbar.com/go?id=P110958531)

Coinbase and Circle launched USDC, a stablecoin redeemable one-to-one for U.S. dollars; Circle also issues EURC, redeemable one-to-one for euros. Coinbase Payments, announced in 2026, is a managed stablecoin-payments solution for businesses built around USDC, Base, custody, APIs, and payments infrastructure. [17](https://app.finbar.com/go?id=P118869011)[18](https://app.finbar.com/go?id=P27316893)[19](https://www.coinbase.com/blog/coinbase-payments-a-complete-solution-for-stablecoin-payments) Base is Coinbase’s Ethereum Layer-2 blockchain, designed for lower-cost, faster onchain transactions; Coinbase earns sequencer fees for transactions processed on the network. Base App (formerly Coinbase Wallet) is a self-custodial app combining trading, payments, social features, and access to decentralized applications, with users controlling their private keys. [20](https://app.finbar.com/go?id=P31512768)[21](https://app.finbar.com/go?id=P83694476)[22](https://app.finbar.com/go?id=P78857611)

Other offerings include Coinbase One, a paid subscription with tiered benefits such as reduced-fee trading, USDC rewards, staking rewards, and priority support; a Coinbase One credit card launched in 2025 that offers Bitcoin rewards; and consumer staking, through which customers stake supported assets and receive protocol rewards. Coinbase takes a commission on staking rewards, and cbETH is a transferable wrapped token representing ETH staked through Coinbase. [23](https://app.finbar.com/go?id=P89725298)[24](https://app.finbar.com/go?id=P44349574)[25](https://app.finbar.com/go?id=P18227299)[26](https://app.finbar.com/go?id=P950958) Coinbase reported FY2025 revenue of $7.181 billion, including $4.055 billion from transactions and $2.828 billion from subscriptions and services; the latter included $1.349 billion of stablecoin revenue and $677 million of blockchain rewards. In Q2 2026, subscription-and-services revenue was $555 million, or 48% of net revenue, while transaction revenue was $599 million. [27](https://app.finbar.com/go?id=T13247389)[28](https://app.finbar.com/go?id=T16584610)[29](https://app.finbar.com/go?id=T16584638)
[10](https://app.finbar.com/go?id=P83669676)[11](https://app.finbar.com/go?id=P57375911)[12](https://app.finbar.com/go?id=P88412200)[13](https://app.finbar.com/go?id=T10864419)[14](https://app.finbar.com/go?id=P24956289)[15](https://app.finbar.com/go?id=P30633153)[16](https://app.finbar.com/go?id=P110958531)[17](https://app.finbar.com/go?id=P118869011)[18](https://app.finbar.com/go?id=P27316893)[20](https://app.finbar.com/go?id=P31512768)[21](https://app.finbar.com/go?id=P83694476)[22](https://app.finbar.com/go?id=P78857611)[23](https://app.finbar.com/go?id=P89725298)[24](https://app.finbar.com/go?id=P44349574)[25](https://app.finbar.com/go?id=P18227299)[26](https://app.finbar.com/go?id=P950958)[27](https://app.finbar.com/go?id=T13247389)[28](https://app.finbar.com/go?id=T16584610)[29](https://app.finbar.com/go?id=T16584638)[19](https://www.coinbase.com/blog/coinbase-payments-a-complete-solution-for-stablecoin-payments)

## Geographic presence

Coinbase says its products and services reach well over 100 countries, although availability and product scope vary by market. In 2025, it announced a Luxembourg MiCA authorization enabling service across the 27 EU member states, as well as separate registration or rollout steps in Argentina, India, Brazil, the United Kingdom and Australia. [7](https://www.coinbase.com/blog/transparency-report-2025) [30](https://www.coinbase.com/blog/coinbase-secures-mica-licence-a-milestone-in-europes-crypto-evolution) [31](https://www.coinbase.com/blog/Coinbase-gains-approval-to-launch-in-Argentina) [32](https://www.coinbase.com/blog/coinbase-secures-registration-in-india) [33](https://www.coinbase.com/blog/coinbase-launches-dex-trading-in-brazil)

The United States accounted for 84% of Coinbase’s total revenue in 2025; no other individual country exceeded 10%. Coinbase describes itself as remote-first and says it has no headquarters. Its listed principal executive-office address is in New York, while New York and San Francisco are identified as hubs for periodic team gatherings. The reviewed sources do not provide employee distribution by country. [34](https://app.finbar.com/go?id=P20146869) [35](https://app.finbar.com/go?id=P18495265) [36](https://www.coinbase.com/blog/The-Next-Phase-of-Remote-First-at-Coinbase)
[34](https://app.finbar.com/go?id=P20146869)[35](https://app.finbar.com/go?id=P18495265)[7](https://www.coinbase.com/blog/transparency-report-2025)[30](https://www.coinbase.com/blog/coinbase-secures-mica-licence-a-milestone-in-europes-crypto-evolution)[31](https://www.coinbase.com/blog/Coinbase-gains-approval-to-launch-in-Argentina)[32](https://www.coinbase.com/blog/coinbase-secures-registration-in-india)[33](https://www.coinbase.com/blog/coinbase-launches-dex-trading-in-brazil)[36](https://www.coinbase.com/blog/The-Next-Phase-of-Remote-First-at-Coinbase)

## Business segments

Coinbase’s segment reporting is company-wide: its CODMs assess the company as a whole, and the Q2 2026 filing reported no material change from the 2025 approach. Coinbase therefore effectively reports one operating/reportable segment, representing 100% of 2025 net revenue ($6.883 billion); it does not report Consumer, Institutional, or Developer as separate segments. [37](https://app.finbar.com/go?id=P70933535)[38](https://app.finbar.com/go?id=P145027953)[27](https://app.finbar.com/go?id=T13247389)

As context—not as segment contributions—2025 revenue disaggregation shows Consumer transaction revenue at about 48% of total net revenue ($3.323 billion), Institutional transaction revenue at about 7% ($480 million), and subscription and services revenue at about 41% ($2.828 billion). Consumer and Institutional are revenue-disaggregation categories, while subscription and services is a revenue stream. [27](https://app.finbar.com/go?id=T13247389) Coinbase describes its consumer offering as serving retail customers who hold, invest in, or trade crypto; its institutional business serves organizations such as asset managers, market makers, banks, and corporations with crypto custody and trading products; and its developer offering supports businesses building crypto-enabled products using Base Chain and Coinbase Developer Platform. These are customer or business focus areas, not separately reported segments. [2](https://app.finbar.com/go?id=P23310351)[3](https://app.finbar.com/go?id=P85810812)[4](https://app.finbar.com/go?id=P68127737)
[37](https://app.finbar.com/go?id=P70933535)[38](https://app.finbar.com/go?id=P145027953)[27](https://app.finbar.com/go?id=T13247389)[27](https://app.finbar.com/go?id=T13247389)[27](https://app.finbar.com/go?id=T13247389)[27](https://app.finbar.com/go?id=T13247389)[2](https://app.finbar.com/go?id=P23310351)[3](https://app.finbar.com/go?id=P85810812)[4](https://app.finbar.com/go?id=P68127737)

## Company history

Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. It launched a service for U.S. customers to buy and sell bitcoin through bank accounts that October, and reported reaching one million consumer wallets in 2014. [39](https://investor.coinbase.com/governance/board-of-directors/default.aspx) [40](https://www.coinbase.com/blog/you-can-now-buy-and-sell-bitcoin-by-connecting-any-u-s-bank-account) [41](https://www.coinbase.com/blog/a-major-coinbase-milestone-1-million-consumer-wallets) In 2015, it launched Coinbase Exchange; later product developments included Coinbase Wallet in 2017 and the rebranding of GDAX as Coinbase Pro in 2018. [42](https://www.coinbase.com/blog/coinbase-launches-first-regulated-bitcoin-exchange-in-the-u-s) [43](https://www.coinbase.com/blog/web3-on-the-platform-of-your-choice-a-closer-look-at-coinbase-wallets-multi-platform-approach) [44](https://www.coinbase.com/blog/gdax-is-now-coinbase-pro)

Coinbase shares began trading on Nasdaq through a direct listing on April 14, 2021. [45](https://app.finbar.com/go?id=P11089177) The company expanded into blockchain infrastructure through its 2021 acquisition of Bison Trails, derivatives through its 2022 acquisition of FairX, and onchain services with the 2023 announcement and subsequent launch of Base. [46](https://www.coinbase.com/blog/coinbase-to-acquire-leading-blockchain-infrastructure-platform-bison-trails) [47](https://www.coinbase.com/blog/coinbase-financial-markets-inc-secures-fcm-approval-to-bring-regulated) [48](https://www.coinbase.com/blog/introducing-base) In 2025, it completed its acquisition of derivatives exchange Deribit and acquired Echo, an onchain capital-raising platform. [49](https://www.coinbase.com/blog/deribit-joins-coinbase-unlocking-the-future-of-global-crypto-derivatives) [50](https://www.coinbase.com/blog/coinbase-acquires-echo-unlocking-the-future-of-onchain-capital-formation)
[45](https://app.finbar.com/go?id=P11089177)[39](https://investor.coinbase.com/governance/board-of-directors/default.aspx)[40](https://www.coinbase.com/blog/you-can-now-buy-and-sell-bitcoin-by-connecting-any-u-s-bank-account)[41](https://www.coinbase.com/blog/a-major-coinbase-milestone-1-million-consumer-wallets)[42](https://www.coinbase.com/blog/coinbase-launches-first-regulated-bitcoin-exchange-in-the-u-s)[43](https://www.coinbase.com/blog/web3-on-the-platform-of-your-choice-a-closer-look-at-coinbase-wallets-multi-platform-approach)[44](https://www.coinbase.com/blog/gdax-is-now-coinbase-pro)[46](https://www.coinbase.com/blog/coinbase-to-acquire-leading-blockchain-infrastructure-platform-bison-trails)[47](https://www.coinbase.com/blog/coinbase-financial-markets-inc-secures-fcm-approval-to-bring-regulated)[48](https://www.coinbase.com/blog/introducing-base)[49](https://www.coinbase.com/blog/deribit-joins-coinbase-unlocking-the-future-of-global-crypto-derivatives)[50](https://www.coinbase.com/blog/coinbase-acquires-echo-unlocking-the-future-of-onchain-capital-formation)

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1. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28537762)
2. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P23310351)
3. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P85810812)
4. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68127737)
5. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1206817)
6. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20091526)
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31. [www.coinbase.com](https://www.coinbase.com/blog/Coinbase-gains-approval-to-launch-in-Argentina)
32. [www.coinbase.com](https://www.coinbase.com/blog/coinbase-secures-registration-in-india)
33. [www.coinbase.com](https://www.coinbase.com/blog/coinbase-launches-dex-trading-in-brazil)
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44. [www.coinbase.com](https://www.coinbase.com/blog/gdax-is-now-coinbase-pro)
45. [Coinbase Global, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11089177)
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48. [www.coinbase.com](https://www.coinbase.com/blog/introducing-base)
49. [www.coinbase.com](https://www.coinbase.com/blog/deribit-joins-coinbase-unlocking-the-future-of-global-crypto-derivatives)
50. [www.coinbase.com](https://www.coinbase.com/blog/coinbase-acquires-echo-unlocking-the-future-of-onchain-capital-formation)

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