Coinbase has introduced 24 hours a day, five days a week commission-free trading on over 8,000 U.S. stocks and ETFs within its app, including $1 fractional shares, instant funding via dollars or USDC and tokenized equities to integrate traditional assets and digital finance.

Shares have plunged 59% from their July peak, down 43.1% over six months and 16.6% in the past month following a broad digital-assets downturn. Over the past five sessions, the stock rose 2.63%, with trading volume picking up, the 14-day RSI rebounding to 46.3 and the MACD line crossing above its signal line, suggesting stabilizing momentum.

In Q4 2025 revenue fell 22% year-over-year to $1.78 billion and non-GAAP EPS dropped to $0.66 from $3.37 a year earlier. Transaction revenue declined 37% to $982.7 million while subscription and services revenue climbed 13.5% to $727.4 million; full-year trading volume surged 156% to $5.23 trillion.

The balance sheet held $11.28 billion in cash and free cash flow remained positive. Q4 buybacks totaled $1.7 billion with a new $2 billion authorization approved. Management forecasts Q1 subscription revenue of $550–$630 million and analysts project Q1 EPS of $0.57 with FY2027 adjusted EPS growth of 31.6% to $4.37.