Post #11651

Coinbase missed Q4 estimates with $667M net loss and 20% revenue decline Coinbase’s revenue in the Q4 tumbled a more-than-estimated 20% to $1.8B as falling token prices drained trading activity across digital assets. The company posted a net loss of $667M, compared with a $1.3B profit from the same period last year. The results arrive as $BTC has fallen 50% from October’s high, which forced exchanges to retrench quickly: • Rival exchange Gemini said last week that it plans to cut up to 25% of its workforce and scale back international operations • Kraken’s CFO departed the exchange, which reported sequentially lower fourth-quarter revenue • Robinhood said this week its revenue from crypto trading declined 38% However, underneath the headline loss, Coinbase's diversification play is showing results: • Subscription & Services revenue hit $2.83B for the year, up 2x from 2023 • Crypto trading market share actually grew x2 year-over-year • The platform now has 12 products generating $100M+ annually, 270+ institutional clients, and presence in 140+ countries With $COIN down nearly 37% for the year, Coinbase's hope is that it is entering this downturn as a different company, having worked to reduce its reliance on spot trading and having launched new businesses such as stock trading and prediction markets. 🔗bloomberg.com/news/articles/2026-02-12/coinbase-posts-667-million-loss-sees-revenue-tumble-20 @TOP7ICO