For informational purposes only. Not financial advice, not a recommendation to buy or sell any security. Standing Order is a directory and research project, not an advisory service.
Price · 1Y
$198.13
Thesis
Coinbase is the largest US-regulated crypto exchange, generating revenue from trading fees, custody, and a share of USDC reserve interest through its partnership with Circle. The company reached full-year GAAP profitability after 2024 as transaction volumes and subscription revenues scaled.
Its Base layer-2 network and growing institutional custody footprint extend the platform beyond spot trading, adding onchain activity and recurring fee streams alongside the cyclical retail business.
Catalysts
- Crypto trading volume tied to digital-asset price cycles
- USDC circulation growth and reserve-interest economics
- Base layer-2 adoption and onchain fee capture
- US regulatory clarity for spot crypto and stablecoin frameworks
Recent events
Material filings, federal awards, and regulatory activity. Impact is scored against market cap.
- Sep 2LeadershipSEC
8-K filing (item 5.02) disclosing departure or appointment of officers or directors.
- Jul 30Financial resultsSEC
Coinbase filed 8-K with items 2.02 and 9.01 on results of operations.
- Jul 23LeadershipSEC
8-K filing (items 5.02, 9.01) disclosing officer departure or appointment.
- Jul 9LeadershipSEC
8-K filing (items 5.02, 9.01) disclosing officer or director changes.