Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Annual guidance
No annual guidance was given.

Outlook

Crypto sentiment and volume
Management noted that volumes are rebounding and more institutions are onboarding despite spot crypto trading volume being down 10% quarter-over-quarter.
Agentic trading
Agentic trading volume is growing about 20% week over week, representing an emerging economy that will require dedicated financial infrastructure.
Regulatory environment
Management highlighted positive regulatory tailwinds from the SEC and CFTC becoming more forward-thinking and collaborative.
Post-quantum readiness
Coinbase has begun upgrading its custody to be post-quantum and is engaging with the community on blockchain upgrade proposals.