{"id":245941,"date":"2026-10-30T18:54:24","date_gmt":"2026-10-30T18:54:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=245941"},"modified":"2026-10-30T18:54:24","modified_gmt":"2026-10-30T18:54:24","slug":"coinbase-coin-misses-revenue-estimates-as-users-fall-armstrong-sets-up-new-share-sales","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=245941","title":{"rendered":"Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales<\/a><\/p>\n

<\/div>\n

Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233 billion analysts expected, according<\/a> to company filings. Subscription and services revenue did better, reaching $570 million. The company is still heavily tied to trading activity, but its recurring income is growing.<\/p>\n

Monthly Transacting Users fell to 7.4 million, down from 9.3 million a year earlier. During its earnings call, Coinbase<\/a> blamed overall market conditions. Its share of crypto trading volume did rise to 10.7%, the fourth straight quarter of gains, which suggests it is winning business even as the broader market quiets.\u00a0<\/p>\n

Adjusted EBITDA was $332.9 million, extending a run of 15 straight profitable quarters on that measure. The prediction markets business passed $200 million in annualized revenue, and Coinbase One hit a record number of subscribers.<\/p>\n

\n

JUST IN: Coinbase disclosed buying 643 Bitcoin worth $1.5 billion for its balance sheet in Q3 pic.twitter.com\/5BYdrwLCJN<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) October 30, 2026<\/a>\n<\/p><\/div>\n

Coinbase CEO preps share sales<\/h2>\n

Separately, filings reported on October 30 show CEO Brian Armstrong has set up a plan to sell up to 8.17 million Class A shares. He adopted the plan in August under SEC Rule 10b5-1, which lets executives schedule sales ahead of time. Sales could run from November 16 through October 2027, subject to stock price conditions. Co-founder Fred Ehrsam and President Emilie Choi have similar plans, bringing the total to about 13.6 million shares.<\/p>\n

This is not new territory for Armstrong. In the past, VanEck analyst Matthew Sigel tracked about<\/a> $545.7 million in sales over nine months, starting in April 2025. Armstrong has said these sales are part of his risk management, not a signal about the company.<\/p>\n

Coinbase stock slumps nearly 15%\u00a0<\/h2>\n

Coinbase shares (COIN) fell about 15% today, but not necessarily due to this earnings report.\u00a0<\/p>\n

Binance disclosed a security breach on October 29 that it estimates at $6.3 billion, making it the largest crypto theft on record. Around $3 billion in assets has been frozen so far, with industry partners assisting in the freezes.\u00a0<\/p>\n

The hackers are allegedly linked to North Korea, though Binance has not attributed the attack to any group. The exchange says it has found no evidence of a leaked wallet private key.<\/p>\n

Binance says it has $6.34 billion in reserves available to cover losses. Deposits were unaffected, and the company expects to resume withdrawals within 48 hours. Figures remain preliminary, and estimates vary slightly across outlets.<\/p>\n

The market reacted quickly. Bitcoin fell roughly 4.5% to below $77,000. Shares of Strategy (MSTR) fell nearly 10% on the day. Strive (ASST) shares fell over 12% at times.\u00a0Coinbase\u2019s stock is down over 55% on the year.<\/p>\n

This post Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales Coinbase had a mixed third quarter. Revenue came in at $1.20 billion, below the $1.233 billion analysts expected, according to company filings. Subscription and services revenue did better, reaching $570 million. The company is still heavily tied to trading […]<\/p>\n","protected":false},"author":0,"featured_media":245942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-245941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245941"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=245941"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/245941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/245942"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=245941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=245941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=245941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}