Coinbase Global Inc. Class A (COIN)

COIN · Financials · United States

Coinbase Global Inc. Class A (COIN) is a company in the Financials sector, based in United States. The stock is held in 19 ETFs we track – with its largest weight of 0.45 % in XUFI (msci-usa-financials). Anyone holding one of these ETFs also owns a small indirect stake in Coinbase Global.

Above-average ETF coverage: 19 of the 95 ETFs we cover hold Coinbase Global, spread across 8 indices. That puts the stock in more ETFs than 80.8 % of the 4,334 stocks we cover.

Held in19 ETFs

Highest weight0.45 %

Indices8

SectorFinancials

CountryUnited States

ISINUS19260Q1076

Data note 1

About Coinbase Global

Coinbase runs one of the largest cryptocurrency exchanges in the US. It earns transaction fees when retail and institutional customers buy and sell crypto assets, and further income from custody, staking and a share of the interest earned on the reserves behind the USDC stablecoin issued by Circle. Coinbase also develops Base, a blockchain network. The company was founded in 2012 and describes itself as remote-first, without a headquarters.

Data note 2

Price chart

Data note 3

Performance

Performance
Year to date	-27.3 %	1 year	-49.8 %
1 month	+9.3 %	3 months	-0.2 %
Calendar year 2025	-8.9 %

52W

Data note 4

Measured in euros, Coinbase Global returned -25.9 % year to date and -48.7 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 5

Risk metrics

Max drawdown-66.4 %

Volatility p.a.78.3 %

Data note 6

Below peak-60.8 %

Beta to S&P 5002.93

Correlation to S&P 5000.52

The close on Sep 16, 2026 was 60.8 % below the highest close since Aug 12, 2024, reached on Jul 18, 2025. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Coinbase Global moved on average 2.93 % in the same direction. The correlation of 0.52 shows how reliable that average is: the broad market explained part of the daily moves, but far from all.

Data note 7

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Strategy Inc. Class A	+0.81
Circle Internet Group Inc. Class A	+0.80
1INCH	+0.79
Bitcoin	+0.77
WBTC	+0.77
XRP	+0.71
USD/CHF	-0.44
Kinder Morgan Inc Class P	-0.35
Targa Resources Corp.	-0.34

Data note 8

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue7.2 bn $

Net income1.3 bn $

Diluted EPS4.45 $

Net margin18.1 %

Return on equity8.8 %

Equity ratio49.9 %

Revenue growth+9.4 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	3.1	0.1	3.2 %
FY2024	6.6	2.6	39.6 %
FY2025	7.2	1.3	18.1 %

Data note 9

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
XUFI / XUFN	msci-usa-financials	0.45 %	€4.50
XDWF	msci-world-financials	0.23 %	€2.30
WFIN	msci-world-financials	0.23 %	€2.30
SPYL / SPY5	sp500	0.06 %	€0.60
SXR8	sp500	0.06 %	€0.60
XD9U / XD9D	msci-usa	0.05 %	€0.50
SWWD	msci-world	0.04 %	€0.40
EUNL	msci-world	0.04 %	€0.40
SPPW	msci-world	0.04 %	€0.40
XDWD / XDWL	msci-world	0.04 %	€0.40
WIMI	msci-world-imi	0.03 %	€0.30
SPYI / SPSA	msci-acwi-imi	0.03 %	€0.30
SPYY	msci-acwi	0.03 %	€0.30
IUSQ	msci-acwi	0.03 %	€0.30

Data note 10

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Coinbase Global as of the fund's latest holdings list.

Weight in EUNL since 2021

Dec 31, 2021Sep 16, 2026

In EUNL, a fund tracking the MSCI World, Coinbase Global had a weight of 0.02 % on Dec 31, 2021 and 0.04 % on Sep 16, 2026. Its share peaked at 0.09 % on Jun 30, 2025. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 11

How much Coinbase Global Inc. Class A overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Coinbase Global — the figure counts the ETFs holding both.

Data note 12

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Coinbase Global	-49.8 %	78.3 %	18.1 %	+9.4 %
Apollo Global Management Inc	-11.1 %	39.3 %	10.6 %	+22.7 %
Ares Management Corporation	-30.5 %	41.4 %	7.6 %	+44.2 %
Bank of America Corp	+14.3 %	24.9 %	27.0 %	+6.8 %
Cincinnati Financial Corporation	+11.4 %	22.9 %	18.9 %	+11.4 %
Corpay	+31.3 %	35.6 %	23.6 %	+13.9 %
Fifth Third Bancorp	+16.5 %	26.9 %	–	–
Robinhood Markets	-11.0 %	73.2 %	42.1 %	+51.6 %
Interactive Brokers Group	+38.8 %	41.5 %	–	+23.4 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.