New York, Jan 22, 2026, 12:52 ET — Regular session.
- Coinbase shares slipped roughly 0.7% by midday, lagging behind bitcoin’s gains.
- The company reported that a third-party problem briefly caused some users to encounter incorrect or missing balances and price quotes on Base.
- Investors are now turning to Coinbase’s Feb. 12 earnings, while U.S. crypto regulations remain in the spotlight.
Shares of Coinbase Global (COIN.O) slipped Thursday following a brief glitch on its Base network that caused some users to see wrong or missing balances and price quotes, the crypto exchange said. It reassured customers that “Your funds are safe.” The stock fell roughly 0.7% to $225.27, after dipping to $224.48 earlier in the day. (Coinbase)
For Coinbase, even brief glitches in displaying information hit hard because the platform depends on user trust. When customers can’t check their balances, activity tends to drop — and that impact shows up fast in trading volumes, the key number traders watch closely.
The timing couldn’t be more awkward. Coinbase has been pushing investors to see it as more than just a platform riding the waves of spot trading volatility. It’s been betting on expanding its onchain infrastructure and services.
Base is a layer-2 network built on Ethereum that handles transactions off the main chain to reduce costs and boost speed. Coinbase is backing it as a major play beyond its brokerage business.
Bitcoin climbed roughly 1.7% on the day, while ether rose about 1.8%. That boost typically lifts crypto-linked stocks, though Coinbase didn’t quite keep pace with the rally.
Regulatory updates have kept Coinbase in the spotlight. CEO Brian Armstrong told Bloomberg News at the World Economic Forum in Davos on Tuesday that he still believes U.S. crypto market-structure legislation can happen. He said, “I’m not seeing any real barriers here,” despite Coinbase withdrawing support for the latest draft, which it criticized for having “too many giveaways to tradfi” — the crypto term for traditional finance. (Investing)
The sector is closely monitoring if public investors will continue backing crypto-related IPOs. On Wednesday, crypto custody firm BitGo set its U.S. IPO price above the expected range, gearing up for a Thursday market debut. This move comes amid a volatile period for digital-asset prices. (Reuters)
Coinbase plans to release its fourth-quarter and full-year 2025 earnings on Feb. 12, after the market closes. The company will also hold a webcast at 2:30 p.m. PT, according to a statement. (Coinbase)
Investors are looking for clues on whether platform glitches are affecting customer behavior, and if Coinbase can deliver more consistent growth in its newer segments linked to onchain activity. This is crucial in slow markets, where retail trading tends to be less patient.
Outages tend to raise bigger questions — about reliability, customer support, and the risk of increased scrutiny. A sharp fall in bitcoin can overshadow company-specific issues and pull the stock down as well.
Coinbase’s earnings report and call on Feb. 12 stand out as the next major catalyst. Traders will zero in on activity levels, Base-related momentum, and any new insights into the regulatory environment.
