New York-based Coinbase Global, Inc. (COIN) operates a platform to buy and sell cryptocurrencies. Valued at $38.5 billion by market cap, the company provides consumers with a primary financial account for the crypto economy, offers institutions a brokerage platform with deep liquidity across the crypto marketplace, and delivers a suite of products enabling developers to build on-chain applications.
Shares of this leading cryptocurrency exchange and financial services platform have notably underperformed the broader market over the past year. COIN has declined 61.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.7%. In 2026, COIN stock is down 35.3%, compared to the SPX’s 9.4% rise on a YTD basis.