Coinbase publishes transcript of third-quarter 2026 analyst call
COIN•Coinbase published a transcript of its October 29 analyst call, where executives said prediction markets had recorded 82% quarterly compound growth since February and average USDC balances reached a record $22 billion. The company expects 2026 expenses to be slightly below 2025 levels.
1. Call highlights
Coinbase’s October 29, 2026, third-quarter analyst call featured CFO Alesia Haas and Chief Business Officer and Head of IR Shan Aggarwal. Management said prediction markets had recorded 82% quarterly compound growth since their February launch and that Coinbase plans to increase fourth-quarter marketing spending to attract customers.
2. Expenses and USDC
Full-year 2026 expenses are expected to be slightly below 2025 levels, with no meaningful change anticipated from the fourth quarter to the first quarter of 2027. Average USDC balances reached a record $22 billion, supported by rewards, expanded products and onchain partnerships.
3. Options integration
The company said Deribit integration will support cross-margining and shared global liquidity. Crypto options are available to US institutions, while a retail offering is in development.
