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Coinbase(COIN) - 2022 Q1 - Quarterly Report
2022-05-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-04321 Coinbase Global, Inc. (Exact name of registrant as specified in its charter) Delaware 46-4707224 (State or other jurisdi ...
Coinbase Global, Inc. (COIN) CEO Brian Armstrong Presents at Morgan Stanley 2022 Technology, Media and Telecom Conference (Transcript)
2022-03-09 23:40
Coinbase Global, Inc. (NASDAQ:COIN) Morgan Stanley 2022 Technology, Media and Telecom Conference March 9, 2022 2:30 PM ET Company Participants Brian Armstrong - CEO Alesia Haas - CFO Scott Kupor - Investing Partner Conference Call Participants Andreessen Horowitz - Morgan Stanley Andreessen Horowitz [Call Starts Abruptly] joining us today, I'm here. This is the Coinbase panel, just to make sure everybody's in the right room. Before we start, I do have to read a little bit of a safe harbor statements. So ple ...
Coinbase Global, Inc. (COIN) Management Presents at Wolfe Fintech Forum (Transcript)
2022-03-08 22:57
Company and Industry Overview * **Company**: Coinbase Global, Inc. (NASDAQ:COIN) * **Industry**: Cryptocurrency and Blockchain Technology * **Focus**: Building tools and financial infrastructure for accessing, discovering, educating, and transacting in all crypto-based assets Key Points and Arguments * **Three Pillar Strategy**: * **Crypto as an Investment**: Trading, investing tools, and derivatives (spot trading currently) * **Crypto as a Financial Service**: Crypto payments and global transactions * **Crypto as an App Platform**: Combining content, payments, and identity within one tooling * **2021 Performance**: * **Revenue**: Several 100 percentage point increase * **Profitability**: 11 times the profitability level to $3.6 billion * **Institutional Clients**: 50% increase from Q4 2020 * **2022 Outlook**: * **Revenue**: Wide range due to macroeconomic uncertainty and market volatility * **Focus**: Growing diversity of product offerings and a stickier Monthly Transacting User (MTU) experience * **Customer Acquisition**: * **Growth**: Driven by organic growth and word of mouth * **Investment**: Increased sales and marketing spend in 2021 * **Brand Differentiation**: Ease of use and trust * **Competitive Landscape**: * **Differentiation**: Strong brand, ease of use, and trust * **New Initiatives**: Continuous innovation and expansion of product offerings * **Product Offerings**: * **All Coins**: Diversification of crypto assets beyond Bitcoin and Ethereum * **Earn Initiative**: Educating users about new assets and projects * **Coinbase Ventures**: Investing in early-stage companies in the crypto ecosystem * **Coinbase NFT Platform**: Launching in beta in 2022 with a focus on social experiences * **Derivatives**: Available to eligible clients with a focus on regulatory compliance * **Investment and M&A**: * **Investment Plan**: Ambitious plan to hire up to 6,000 people and invest in product engineering and design * **M&A**: Opportunistic approach to accelerate growth and roadmap * **Stablecoins**: * **Role**: Critical part of the crypto asset ecosystem for transfer, collateral, and global payments * **Coinbase's Role**: Offering multiple stablecoins and partnering with Circle for USDC * **Regulation**: * **Approach**: Embrace regulation to support growth and protect consumers * **Policy**: Active engagement with regulators and investment in policy teams * **International Presence**: Serving customers with legal products in different markets Additional Important Points * **Market Expansion**: Rapid expansion of the crypto market and increasing adoption * **Risk Management**: Prudent expense planning and consideration of downside scenarios * **Focus on Scale**: Scaling headcount, products, and services to meet growing demand
Coinbase(COIN) - 2021 Q4 - Earnings Call Transcript
2022-02-25 02:57
Coinbase Global, Inc. (NASDAQ:COIN) Q4 2021 Earnings Conference Call February 24, 2022 5:50 PM ET Company Participants Anil Gupta – Vice President-Investor Relations Brian Armstrong – Co-Founder and Chief Executive Officer Alesia Haas – Chief Financial Officer Emilie Choi – President and Chief Operating Officer Conference Call Participants Ken Worthington – JPMorgan Will Nance – Goldman Sachs Rich Repetto – Piper Sandler Lisa Ellis – MoffettNathanson Operator Good afternoon. My name is Mel, and I will be yo ...
Coinbase(COIN) - 2021 Q4 - Annual Report
2022-02-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☐ Emerging growth company ☐ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 Coi ...
Coinbase Global (COIN) President, Emilie Choi Presents at Goldman Sachs 2021 US Financial Services Conference - Company Call Transcript
2021-12-07 17:00
Coinbase Global Inc. (NASDAQ:COIN) Company Conference Call December 7, 2021 9:00 AM ET Company Participants Emilie Choi - President, Chief Operating Officer Conference Call Participants Will Nance - Goldman Sachs Will Nance All right, thank you everyone for joining today. Before we begin, the company has asked me to read the following Safe Harbor statement. I’d like to remind everyone that during today’s chat, Emilie may make forward-looking statements. Actual results may differ materially from today’s st ...
Coinbase Global, Inc. (COIN) CEO Brian Armstrong presents at JP Morgan Crypto Economy Forum Conference - (Transcript)
2021-12-01 03:51
Summary of Coinbase Global, Inc. Conference Call Company Overview - **Company**: Coinbase Global, Inc. (NASDAQ: COIN) - **Event**: JP Morgan Crypto Economy Forum Conference - **Date**: November 30, 2021 - **Participants**: - Brian Armstrong - Co-Founder and CEO - Fred Wilson - J.P. Morgan and lead independent director of Coinbase Key Points Industry Insights - **Crypto Market Evolution**: The conversation highlighted the evolution of the crypto market, comparing it to the early days of the internet, suggesting that the current phase is akin to the year 2000 for the internet, with significant growth potential ahead [42][68]. - **Decentralized Finance (DeFi)**: DeFi is seen as a critical trend, with Coinbase planning to integrate DeFi products and services into its platform, acknowledging the demand from customers for decentralized solutions [38][41]. Company Values and Strategy - **Core Values**: Coinbase has nine core values, focusing on: - **Top Talent**: Emphasizing the importance of hiring exceptional talent to drive success [20][21]. - **Repeatable Innovation**: Aiming to be a multi-product company that continuously innovates and diversifies revenue streams beyond trading [23][24]. - **Efficient Execution**: Striving to minimize bureaucracy and enhance operational efficiency as the company scales [29][30]. - **Project 10%**: An internal initiative allowing employees to pitch new ideas with 10% of resources, fostering innovation within the company [25][28]. Product Development and Market Position - **NFTs and Market Demand**: The company is launching an NFT platform, responding to significant market interest, with millions on the waitlist, indicating a strong cultural shift towards NFTs [66][68]. - **Self-Custody and Custodial Services**: Coinbase is balancing between custodial services and promoting self-custody options, recognizing the growing preference for self-custody among users, especially in emerging markets [45][50]. Future Outlook - **Market Expansion**: The potential for onboarding millions of new users is linked to blockchain scalability, emerging markets, and innovative crypto startups [79]. - **Cultural Shift**: The rise of NFTs is seen as a way to make crypto more relatable to the general public, moving beyond financial assets to cultural assets [69]. Leadership and Company Culture - **Brian Armstrong's Role**: Armstrong emphasizes the importance of maintaining a founder's vision while allowing the executive team to operate effectively, highlighting a balance between innovation and operational excellence [76][77]. Financial Metrics - **Crypto Storage**: Coinbase currently stores over $255 billion in crypto, representing more than 10% of all crypto globally, showcasing the trust in its custodial services [46][47]. Additional Insights - **Community and Collaboration**: The crypto industry is characterized by collaboration rather than competition, with a focus on building a robust ecosystem [43]. - **Long-term Vision**: Armstrong envisions Coinbase as a crypto company that transcends traditional financial services, aiming to innovate in governance and community participation [36][37]. This summary encapsulates the key discussions and insights from the Coinbase conference call, reflecting the company's strategic direction, market positioning, and future growth potential in the evolving crypto landscape.
Coinbase(COIN) - 2021 Q3 - Earnings Call Transcript
2021-11-10 03:29
Coinbase Global, Inc. (NASDAQ:COIN) Q3 2021 Earnings Conference Call November 9, 2021 5:30 PM ET Company Participants Brian Armstrong – Co-Founder and CEO Anil Gupta – Vice President Investor Relations Emilie Choi – President and COO Alesia Haas – CFO Conference Call Participants Kenneth Worthington – JPMorgan Lisa Ellis – MoffettNathanson Keith Christensen – Citi Will Nance – GS Rich Repetto – Piper Sandler Operator Good afternoon. My name is Celine and I will be your conference operator today. At this tim ...
Coinbase(COIN) - 2021 Q3 - Quarterly Report
2021-11-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-04321 Coinbase Global, Inc. (Exact name of registrant as specified in its charter) Delaware 46-4707224 (State or other jur ...
Coinbase(COIN) - 2021 Q2 - Earnings Call Transcript
2021-08-11 00:18
Coinbase Global, Inc. (NASDAQ:COIN) Q2 2021 Results Conference Call August 10, 2021 5:30 PM ET Company Participants Brian Armstrong – Co-Founder & Chief Executive Officer Anil Gupta – Vice President, Investor Relations Alesia Haas – Chief Financial Officer Conference Call Participants Operator Good afternoon. My name is Maria, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Coinbase Second Quarter 2021 Earnings Call. Call lines have been placed on mute to pr ...