Operators / Coinbase
Coinbase
Exchange · Coinbase Global, Inc. · COIN · San Francisco, California (Remote-first)[1],[2]
Partnered with Kalshi, first shown publicly Dec 17 2025, to offer Kalshi-supplied event contracts through Coinbase Financial Markets; began as a limited pilot and expanded nationwide (all 50 states) around Jan 27-28 2026. NY AG sued Coinbase and Gemini in 2026 arguing their prediction-market products require New York State Gaming Commission licenses; the CFTC countersued New York.
Financials
Market cap $47.3B · COIN on NasdaqGS · Oct 11, 2026[8]
Est. U.S. revenue $6.0B · FY2025 · Coinbase 10-K revenue-by-geography note, by customer/counterparty domicile[9]
20192025
| Fiscal year | Revenue (USD) | Net income (USD) | Year end |
|---|---|---|---|
| FY2025 | $7.2B | $1.3B | Dec 31, 2025[7] |
| FY2024 | $6.6B | $2.6B | Dec 31, 2024[7] |
| FY2023 | $3.1B | $94.9M | Dec 31, 2023[7] |
| FY2022 | $3.2B | −$2.6B | Dec 31, 2022[6] |
| FY2021 | $7.8B | $3.6B | Dec 31, 2021[5] |
| FY2020 | $1.3B | $322M | Dec 31, 2020[4] |
| FY2019 | $534M | −$30.4M | Dec 31, 2019[3] |
Brands
- Coinbase Prediction Markets — Prediction markets · since Jan 2026
Sources
- Coinbase to soon unveil prediction markets powered by Kalshi, source says · retrieved Oct 11, 2026
- Coinbase rolls out Kalshi-powered prediction markets across all 50 US states · retrieved Oct 11, 2026
- Coinbase Global, Inc. Form 10-K filed 2022-02-25 · retrieved Oct 11, 2026
- Coinbase Global, Inc. Form 10-K filed 2023-02-21 · retrieved Oct 11, 2026
- Coinbase Global, Inc. Form 10-K filed 2024-02-15 · retrieved Oct 11, 2026
- Coinbase Global, Inc. Form 10-K filed 2025-02-13 · retrieved Oct 11, 2026
- Coinbase Global, Inc. Form 10-K filed 2026-02-12 · retrieved Oct 11, 2026
- COIN (COIN) quote · retrieved Oct 11, 2026
- Coinbase Global, Inc. Form 10-K for fiscal year ended December 31, 2025 · retrieved Oct 11, 2026