Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall
Published . Updated .
This report is about crypto and exchanges and trading.
Directly affected
- COIN Coinbase Global-6.6% 30d
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust+6.5% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story.
- IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “trading volumes” (exchanges and trading) in this story.
- MSTR Strategy+6.0% 30d
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- MARA MARA Holdings-9.9% 8d
MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- RIOT Riot Platforms-33.8% 30d
Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story.
- CME CME Group+7.3% 9d
CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “trading volumes” (exchanges and trading) in this story.
- ICE Intercontinental Exchange+1.7% 30d
Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “trading volumes” (exchanges and trading) in this story.
- CBOE Cboe Global Markets+14.4% 30d
Cboe Global Markets (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “trading volumes” (exchanges and trading) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| COIN | +4.15% | -1.75% | base | -1.02% | after close | after close | after close |
| IBIT | -0.20% | -2.02% | base | -0.91% | after close | after close | after close |
| IAI | +0.20% | -0.13% | base | +0.94% | after close | after close | after close |
| MSTR | +0.44% | -3.70% | base | -2.49% | after close | after close | after close |
| MARA | -1.36% | -7.07% | base | -2.72% | after close | after close | after close |
| RIOT | -10.91% | -12.91% | base | -5.25% | after close | after close | after close |
| CME | +4.03% | +4.74% | base | +0.80% | after close | after close | after close |
| ICE | +4.96% | +2.57% | base | +4.47% | after close | after close | after close |
| CBOENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall Investor's Business Daily
Source: Investor's Business Daily
Price since this story was published: iShares Bitcoin Trust ETF (IBIT)
| Company | When | Move | Status |
|---|---|---|---|
| Cme Group (CME) | that day | +0.80% | final price |
| Cme Group (CME) | three days earlier | +4.74% | final price |
| Cme Group (CME) | five days earlier | +4.03% | final price |
| Coinbase Global (COIN) | that day | -1.02% | final price |
| Coinbase Global (COIN) | three days earlier | -1.75% | final price |
| Coinbase Global (COIN) | five days earlier | +4.15% | final price |
| Ishares Tr (IAI) | that day | +0.94% | final price |
| Ishares Tr (IAI) | three days earlier | -0.13% | final price |
| Ishares Tr (IAI) | five days earlier | +0.20% | final price |
| iShares Bitcoin Trust ETF (IBIT) | that day | -0.91% | final price |
| iShares Bitcoin Trust ETF (IBIT) | three days earlier | -2.02% | final price |
| iShares Bitcoin Trust ETF (IBIT) | five days earlier | -0.20% | final price |
| Intercontinental Exchange (ICE) | that day | +4.47% | final price |
| Intercontinental Exchange (ICE) | three days earlier | +2.57% | final price |
| Intercontinental Exchange (ICE) | five days earlier | +4.96% | final price |
| MARA Holdings (MARA) | that day | -2.72% | final price |
| MARA Holdings (MARA) | three days earlier | -7.07% | final price |
| MARA Holdings (MARA) | five days earlier | -1.36% | final price |
| Strategy (MSTR) | that day | -2.49% | final price |
| Strategy (MSTR) | three days earlier | -3.70% | final price |
| Strategy (MSTR) | five days earlier | +0.44% | final price |
| Riot Platforms (RIOT) | that day | -5.25% | final price |
| Riot Platforms (RIOT) | three days earlier | -12.91% | final price |
| Riot Platforms (RIOT) | five days earlier | -10.91% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 72 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Cme Group (CME), worth $15,001 - $50,000 on 17 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Cme Group (CME), worth $1,001 - $15,000 on 10 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Cme Group (CME), worth $15,001 - $50,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Sen. John Boozman sold Cboe Global Markets (CBOE) (jointly held), worth $1,001 - $15,000 on 31 Jul 2026. That is 90 days before publication. Filed 17 Aug 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around iShares Bitcoin Trust ETF (IBIT)
Companies tied to this story
- IBIT iShares Bitcoin Trust ETF
In “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story
- IAI Ishares Tr
In “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall,” Ishares Tr (IAI) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “trading volumes” (exchanges and trading) in this story
- COIN Coinbase Global
In “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall,” Coinbase Global (COIN) is linked, with no stored direction, medium confidence. Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
- MSTR Strategy
For “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
- MARA MARA Holdings
In “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall,” MARA Holdings (MARA) is linked, with no stored direction, medium confidence. Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
- RIOT Riot Platforms
Riot Platforms (RIOT) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall.” Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “crypto” (crypto) in this story
- CME Cme Group
Cme Group (CME) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall.” Reason on file: CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “trading volumes” (exchanges and trading) in this story
- ICE Intercontinental Exchange
For “Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall,” Intercontinental Exchange (ICE) is linked, with no stored direction, medium confidence. Reason on file: Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “trading volumes” (exchanges and trading) in this story
iShares Bitcoin Trust ETF (IBIT)
“Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall” (29 Oct 2026) reaches iShares Bitcoin Trust ETF (IBIT) through this story.
iShares Bitcoin Trust ETF (IBIT) is on the page because iShares Bitcoin Trust: it follows bitcoin. Linked by “crypto” (crypto) in this story
A second company, Ishares Tr (IAI), is listed for a different reason: iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “trading volumes” (exchanges and trading) in this story
Dates and price levels for iShares Bitcoin Trust ETF (IBIT)
COIN traded between 155.37 and 200.28 across 20 sessions. The latest close on file is 162.43. IBIT traded between 44.86 and 49.39 across 20 sessions. The latest close on file is 46.13.
How strong the case is around iShares Bitcoin Trust ETF (IBIT)
46 out of 100
“Coinbase Faces Tough Earnings Test As Crypto Prices, Trading Volumes Fall” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.