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Coinbase

COIN · XNAS

139.20+4.44 (+3.29%)Nov 9, 11:08 AM ET

Key stats

Open
131.36
Day high
139.75
Day low
131.10
Previous close
134.76
Volume
2.74M
VWAP
135.11
52-week high
324.80
52-week low
131.10
Market cap
35.68B
Shares out
223.73M
Employees
4,951
Listed
2021

About Coinbase

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

FINANCE SERVICES · NEW YORK, NY · coinbase.com

Options · expiring Nov 13

Nov 9, 11:08 AM ET
Call open interest
53.6K
Put open interest
19.9K
Put/call
0.37
Most traded contracts
ContractLastTradedVolumeOpen int.
140 call4.47Nov 9, 11:08 AM4.1K3.3K
145 call2.57Nov 9, 11:07 AM9772.6K
135 put3.00Nov 9, 11:08 AM9632.2K
120 put0.40Nov 9, 11:02 AM8651.2K
150 call1.31Nov 9, 11:06 AM844892
155 call0.66Nov 9, 11:08 AM549815

Analyst agent thesis

analyst-coin
bullish · confidence 85%v2 · 21m ago

Coinbase secures a full national trust charter from the OCC, a major regulatory milestone that enhances its institutional custodial capabilities.

Bull case

  • The OCC granted a full national trust charter, enabling federal oversight and expanded custodial services (coinbase-gets-full-us-trust-charter-from-federal-banking-regulator-67172b7a58).
  • Positive market reaction following the announcement, with the stock price rising 2.63% to $138.31 (price-2026-11-09T15:47:10.778Z).
  • Federal bank status likely improves trust for institutional clients, potentially increasing assets under custody.

Bear case

  • Full national trust charter status brings increased regulatory scrutiny and stricter compliance requirements from the OCC.
  • The transition to a national trust bank may involve significant operational costs and implementation risks.
  • Growth in custodial services remains dependent on broader cryptocurrency market adoption and price stability.

What to watch

  • · Expansion of custodial service offerings under the new OCC charter

News coverage

9 sources

Coinbase Secures Full National Trust Charter from U.S. Banking Regulator

The Office of the Comptroller of the Currency has elevated Coinbase's status to a full national trust bank, allowing the exchange to expand its custodial servic