Thereโs a generational shift happening, and Coinbase is uniquely positioned to capture it:
1) The onchain economy has reached escape velocity
2) Coinbase's full stack platform is powering it
3) The next frontier is agentic and on Coinbase
Our thesis is simple: crypto is the best form of money, and the infrastructure will overhaul the existing financial system. If it involves money, it will involve crypto.
Coinbase is uniquely positioned to capitalize on this transformation. Some highlights from our earnings today:
- Gained share in both spot and derivatives globally, reaching an all-time high in crypto trading volume market share
- Saw huge growth in derivatives trading volume, driven by our Everything Exchange
- 10x increase in stablecoin transaction volume on @base
- USDC on our platform hit another all-time high
- >90% of onchain agentic stablecoin transaction volume is on Base
- 12 consecutive quarters of net native unit inflows- customers have been adding more crypto to Coinbase every quarter
@brian_armstrong "the onchain economy has reached escape velocity", is that the velocity at which your revenue is escaping into a $394 million net loss? youโre hyping market share to distract from a 40% crater in transaction fees and a $1.49 loss per share while everyone expected a profit ๐ ๐คก