NO.2
Market Performance
Tokenized Assets
| Ticker | Exchange | Price | 24H | Spread | Liquidity ±2% | 24H Volume | OI | Funding | Max Leverage | Fees |
|---|
Disclosure
Token Information Disclosure
Trading Data Analysis
$758M
$1B
Asset & Security Disclosure
Platform Information Disclosure
Asset List
| Ticker | Price | |||||
|---|---|---|---|---|---|---|
| AAPLUSDC | $332.66 0% | 0.099% | -- | $451.51K | $0 | -0.0013% |
| AMDUSDC | $619.75 0% | 0.132% | -- | $274.75K | $0 | +0.002% |
| AMZNUSDC | $250.15 0% | 0.079% | -- | $684.12K | $0 | +0.0053% |
| ANTHROPICUSDC | $2,042.55 0% | 0.704% | -- | $242.52K | $0 | +0.0093% |
| ARMUSDC | $298.38 0% | 14.87% | -- | $69.6K | $0 | +0.0026% |
| BEUSDC | $283.43 0% | 11.84% | -- | $441.01K | $0 | -0.0021% |
| CBRSUSDC | $181.54 0% | 2.4% | -- | $20.12K | $0 | +0.0042% |
| CRCLUSDC | $82.25 0% | 0.146% | -- | $1.53M | $0 | +0.0107% |
Investment
About Coinbase
Coinbase has evolved from a simple BTC/ETH exchange into a full-stack crypto financial platform. Key milestones include: 2021 NASDAQ listing, marking crypto's capital market legitimacy; 2023 Base network launch, creating an on-chain ecosystem; 2026 tokenized stocks on Base (AAPL, NVDA, META, GOOGL), bridging TradFi and DeFi; Abu Dhabi hub selection for international tokenization; US500 perpetual contracts for retail access to top-500 stocks; Bitwise automated portfolios replicating Coinbase tokenized equities; and joint Chainalysis action against child exploitation networks, demonstrating compliance leadership. These nodes show strategic shifts: from trading to infrastructure, from US-centric to global, from crypto-native to RWA integration.
Coinbase Q2 2026 revenue was $1.22B (down 14% QoQ, missing estimates), with trading revenue of $599M and subscription revenue of $555M. Net loss was $359.5M (EPS -$1.36), a sharp reversal from $1.43B net income a year ago. Adjusted EBITDA was $208M, positive for the 14th straight quarter. Non-BTC spot revenue accounted for 88% of net revenue. Stablecoin revenue hit $292M, and prediction market revenue doubled QoQ. Market share reached a record 10.3%.
Performance was mixed: revenue missed and losses widened due to weak crypto trading volumes and a $209.5M loss on crypto assets held, but diversified income streams and cost discipline showed resilience. The company is transitioning toward infrastructure and subscription services, though near-term pressure from low volatility and regulatory uncertainty persists.
Co-founders: Brian Armstrong: Co-founder & CEO, ex-Airbnb software engineer, co-founded Coinbase with Fred Ehrsam in 2012; BA/MA in Economics from Rice University. Fred Ehrsam: Co-founder, ex-currency trader, co-founded Coinbase in 2012, left in 2017 but remains board director.
Core executives: Emilie Choi: President & COO, ex-LinkedIn VP Corporate Development, Warner Bros. strategy director; Wharton MBA. Alesia Haas: CFO. Rob Witoff: CTO. Faryar Shirzad: Chief Policy Officer. Jennifer Jones: Chief Accounting Officer. Joseph Salama: Chief Compliance Officer. Catherine Ferdon: Chief Marketing Officer. Shan Aggarwal: Chief Business Officer. Molly Abraham: General Counsel. Liz Martin: VP Product. Conor Grogan: Product Director. Aklil Ibssa: Head of Corporate Development. JB Graftieaux: CEO Luxembourg. Hassan Ahmed: CEO Singapore. Ryan VanGrack: Vice Chairman. Eric Richmond: Director & CEO Canada. Anthony Bassili: President Asset Management. Keith Grose: GM UK & Europe.
Coinbase has undergone notable team shifts recently.
New hires include Cobie as Head of Base app, Eric Richmond as Canada CEO, Keith Grose for UK & Europe, and Océane Codjia for EMEA stablecoin payments.
Departures feature Paul Grewal (Chief Legal Officer), Lawrence Brock (Chief People Officer), and several VPs and engineering leads.