The United Arab Emirates has established one of the most defined regulatory frameworks for crypto exchanges. Dubai’s Virtual Assets Regulatory Authority issues licenses, while Abu Dhabi’s Financial Services Regulatory Authority regulates platforms operating in the Abu Dhabi Global Market. The clarity has drawn international platforms seeking formal authorization rather than operating in regulatory gray zones. Just last week, on February 12, 2026, perpetuals-focused trading platform Flipster joined the gr ...

ROANOKE, Va.--(BUSINESS WIRE)--KlariVis, a performance intelligence platform serving over 150 community banks, today released The Quiet Spread, an analysis of 225,577 Coinbase-related transactions across 92 community banks, revealing that the behavioral infrastructure for deposit flight to crypto platforms is already in place at the vast majority of community banking institutions nationwide. The report arrives as Congress negotiates the CLARITY Act, which would determine whether crypto exchange. ...

Kraken, one of the largest US-based crypto exchanges, has acquired the token management platform Magna. The move marks another step in its aggressive expansion as it prepares for an initial public offering (IPO). Kraken Acquires Magna Amid US IPO Push The terms of the acquisition, which closed Friday, were not disclosed. Still, this marks Kraken’s sixth deal in the past year. Others include: $1.5 billion purchase of US futures platform NinjaTrader in March Acquisitions of tokenized stock provider Bac ...

Shares in publicly traded crypto exchange Gemini (GEMI) have fallen more than 14% on Tuesday following word that the firm has decided to part ways with three of its executives following a recent announcement of mass layoffs across the company. Gemini Chief Financial Officer Dan Chen and Chief Legal Officer Tyler Meade will be replaced in the interim by Danijela Stojanovic and Kate Freedman, respectively. Marshall Beard, the firm’s chief operating officer, will also depart and leave the board, though his exe ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Crypto exchange Gemini Space Station announced Tuesday it is “parting ways” with its CFO Dan Chen, COO Marshall Beard, and CLO Tyler Meade, effective Tuesday, and expects to enter into separation agreements with “potential eligibility” for a “limited period of time” for the executives to provide additional transition services, according to a Tuesday securities ...

Core Insights - Coinbase Global Inc. (COIN) reported a decline in both revenue and earnings for Q4 2025, with total revenues of $1.7 billion and net operating earnings per share of 66 cents, both missing consensus estimates [3][9] - The company is positioned to benefit from increased market volatility and rising crypto asset prices as the U.S. aims to become a global crypto hub, aligning with its strategic roadmap for 2026 [2] Financial Performance - Total transaction revenues fell by 36.8% year over year to $982.7 million, primarily due to a decrease in consumer transaction revenues [4] - Subscription and services revenues increased by 13.4% year over year to $727.4 million, driven by higher stablecoin revenues [4] - Net cash provided by operating activities was $2.4 billion in 2025, a decline of 21.8% year over year [5] Future Outlook - Coinbase anticipates subscription and services revenues to be between $550 million and $630 million, reflecting lower average USDC market capitalization and interest rates [5] - The company plans to focus on real-world asset (RWA) perpetuals, niche exchanges, and advanced trading platforms in 2026, aiming to strengthen its industry leadership [19] Market Position - COIN shares have decreased by 27.3% year to date, underperforming its industry, which declined by 9% [7] - The stock is trading at a forward price-to-earnings ratio of 29.56, significantly higher than the industry average of 11.09 [15] Analyst Sentiment - The Zacks Consensus Estimate for 2026 earnings has decreased by 5.6% in the past week, indicating muted analyst sentiment [12] - The consensus estimates for 2026 and 2027 revenues suggest respective year-over-year increases of 8.5% and 11.6% [13]

Coinbase, the largest US-based crypto exchange, is backing a Federal Reserve proposal to grant non-bank financial institutions access to specialized payment accounts. The San Francisco-based exchange submitted a letter to the U.S. central bank advocating for special-purpose Reserve Bank payment accounts. It argued that these accounts are vital for modernizing the nation's domestic financial infrastructure. Coinbase Challenges Fed Over ‘Restrictive’ Terms for Payment Rails Coinbase argues the proposal wo ...

Core Insights - Coinbase is actively purchasing Bitcoin during a market downturn, indicating a bullish stance despite current price struggles [1] - Standard Chartered Bank has revised its year-end price target for Bitcoin downward, predicting further price declines in the near future [1] Group 1: Coinbase's Strategy - Coinbase announced its intention to "buy the dip" in Bitcoin and its own stock, reflecting confidence in the long-term potential of digital assets [1] - The exchange has repurchased $1.7 billion in shares since October, with an additional $2.3 billion available for future buybacks [1] - Despite the current volatility, Coinbase believes that the underlying technological advancements and adoption of crypto products remain strong [1] Group 2: Market Outlook - Bitcoin prices are currently struggling to stay above the $70,000 mark, with altcoins like Ethereum and Solana facing similar challenges [1] - Standard Chartered forecasts Bitcoin could drop to a low of $50,000, representing a potential decline of over 25% from recent levels, while Ethereum may fall to $1,400 [1] - The bank emphasizes the need for renewed ETF inflows to support a market recovery, suggesting that further capitulation is likely before new buyers emerge [1]

Core Insights - Coinbase stock price has experienced a significant decline, reaching a low of $141, marking its lowest level since February 2024 [1] Company Summary - The financial results released by Coinbase have contributed to the ongoing drop in its stock price [1]

Core Insights - The company is transitioning to an "everything exchange" model, focusing on monetizing customer assets through stablecoins, payments, lending, and subscriptions rather than just trades [1][4][10] Financial Performance - Coinbase reported a fourth-quarter loss of $667 million, primarily due to markdowns in its crypto investment portfolio, with fourth-quarter revenue declining by approximately 20% [3][4] - Despite the loss, total trading volume for Coinbase reached $5.2 trillion in 2025, representing a 156% year-over-year increase, and its share of global crypto trading doubled to 6.4% [9][12] Strategic Focus - The leadership emphasizes a shift away from relying solely on crypto market sentiment for revenue, aiming for a diversified growth strategy centered around an "asset accumulation flywheel" [10][12] - Assets held on Coinbase have tripled over the past three years, with over 12% of global crypto stored on its platform in 2025, allowing for monetization through staking, lending, and payments [12] Operational Challenges - Operating expenses increased by 35% year-over-year to $5.7 billion, driven by acquisitions, regulatory investments, marketing, and infrastructure development [13] - The transition to a diversified financial ecosystem is capital-intensive, and the company views the current market phase as a build period rather than a harvest period [14] Regulatory Environment - Regulatory clarity is seen as crucial for the next phase of blockchain adoption, with ongoing debates in the U.S. regarding stablecoin legislation potentially delaying progress [15][16] - Coinbase has been involved in regulatory discussions, with its CEO actively engaging with lawmakers [16]