Coinbase Global, Inc. Files Q1 2024 10-Q Report
Ticker: COIN · Form: 10-Q · Filed: 2024-05-02T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, cryptocurrency, financials
Related Tickers: COIN
TL;DR
**Coinbase Q1 2024 10-Q filed. Financials and operations detailed.**
AI Summary
Coinbase Global, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Key financial data and disclosures relevant to investors are presented within this report.
Why It Matters
This report provides crucial insights into Coinbase's financial health and strategic direction for the first quarter of 2024, impacting investor decisions and market sentiment.
Risk Assessment
Risk Level: medium — Coinbase operates in the volatile cryptocurrency market, which inherently carries significant risks related to regulatory changes, market fluctuations, and technological advancements.
Key Players & Entities
- Coinbase Global, Inc. (company) — Filer of the 10-Q report
- 20240331 (date) — End of the reporting period
- 20240502 (date) — Filing date of the report
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is March 31, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on May 2, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001679788.
What is the SEC file number for Coinbase Global, Inc.?
The SEC file number for Coinbase Global, Inc. is 001-40289.
What is the fiscal year end for Coinbase Global, Inc.?
The fiscal year end for Coinbase Global, Inc. is December 31.
From the Filing
0001679788-24-000089.txt : 20240502 0001679788-24-000089.hdr.sgml : 20240502 20240502161154 ACCESSION NUMBER: 0001679788-24-000089 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 115 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Coinbase Global, Inc. CENTRAL INDEX KEY: 0001679788 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464707224 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-40289 FILM NUMBER: 24908361 BUSINESS ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 BUSINESS PHONE: 3026365401 MAIL ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 10-Q 1 coin-20240331.htm 10-Q coin-20240331 0001679788 FALSE 2024 Q1 12/31 http://www.coinbase.com/20240331#AccountingStandardsUpdate202308Member 0.0029981 http://fasb.org/us-gaap/2023#AccountsReceivableNetCurrent http://fasb.org/us-gaap/2023#AccountsReceivableNetCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://www.coinbase.com/20240331#CryptoAssetFairValueBorrowings http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://www.coinbase.com/20240331#CryptoAssetCostBorrowings P1Y 274 186 736 62 0001679788 2024-01-01 2024-03-31 0001679788 us-gaap:CommonClassAMember 2024-04-25 xbrli:shares 0001679788 us-gaap:CommonClassBMember 2024-04-25 0001679788 2024-03-31 iso4217:USD 0001679788 2023-12-31 iso4217:USD xbrli:shares 0001679788 us-gaap:CommonClassAMember 2024-03-31 0001679788 us-gaap:CommonClassAMember 2023-12-31 0001679788 us-gaap:CommonClassBMember 2023-12-31 0001679788 us-gaap:CommonClassBMember 2024-03-31 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2024-01-01 2024-03-31 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2023-01-01 2023-03-31 0001679788 coin:OtherRevenueMember 2024-01-01 2024-03-31 0001679788 coin:OtherRevenueMember 2023-01-01 2023-03-31 0001679788 2023-01-01 2023-03-31 0001679788 us-gaap:CommonStockMember 2023-12-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001679788 us-gaap:RetainedEarningsMember 2023-12-31 0001679788 2023-01-01 2023-12-31 0001679788 us-gaap:RetainedEarningsMember srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2023-12-31 0001679788 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2023-12-31 0001679788 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001679788 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001679788 us-gaap:CommonStockMember 2024-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001679788 us-gaap:RetainedEarningsMember 2024-03-31 0001679788 us-gaap:CommonStockMember 2022-12-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001679788 us-gaap:RetainedEarningsMember 2022-12-31 0001679788 2022-12-31 0001679788 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001679788 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001679788 us-gaap:CommonStockMember 2023-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001679788 us-gaap:RetainedEarningsMember 2023-03-31 0001679788 2023-03-31 0001679788 us-gaap:CustomerConcentrationRiskMember coin:FiveC