New York, January 26, 2026, 11:39 EST — Regular session
- Coinbase shares slipped roughly 1.3% during regular hours as bitcoin took a slight hit.
- The SEC has agreed to drop its case against rival exchange Gemini concerning a lending program, signaling a potential shift in U.S. crypto enforcement.
- Coinbase reported service disruptions over the weekend on its status page; investors are now focused on the Feb. 12 earnings report.
Shares of Coinbase Global (COIN.O) dipped 1.3% to $214.10 early Monday. The stock fluctuated within a range of $211.00 to $215.61.
COIN’s price often moves in step with crypto markets and overall risk appetite, given that Coinbase’s revenue depends largely on trading volume and related services. Bitcoin dipped roughly 0.3% to around $87,572, after earlier sliding to $86,126, according to market data.
The U.S. Securities and Exchange Commission on Friday agreed to drop its enforcement case against rival exchange Gemini concerning its crypto lending product, stirring regulatory uncertainty. The SEC’s filing noted a complete “in-kind” return to investors—crypto returned rather than cash—and clarified that dismissing this case doesn’t signal its stance on other enforcement actions. 1
The broader market faced its own set of drivers, as investors prepare for the Federal Reserve’s policy announcement later this week and the U.S. government funding deadline on Jan. 30. Daniela Hathorn, analyst at Capital.com, noted that precious metals could remain at the heart of a “perfect storm” amid ongoing fiscal and geopolitical pressures — a scenario likely to weigh on riskier assets like crypto. 2
Coinbase’s status page reported multiple incidents recently, such as delays in sends on the Polygon network and slow SEPA transactions, the European bank-transfer system. Users also experienced degraded performance on price charts and Coinbase Onramp, the platform’s fiat-to-crypto checkout tool. The company confirmed the problems have been fixed and reassured customers: “Your funds are safe.” 3
Crypto-linked shares showed a mixed performance. Strategy dropped 1.3%, but Robinhood Markets climbed roughly 1.3%.
The setup remains fragile. Should bitcoin dip more or volatility linger at low levels, trading volume could vanish fast, and Coinbase’s fee revenue usually takes the hit first.
Investors are waiting to see if the SEC’s recent softer stance will hold and whether lawmakers can finalize clearer crypto trading regulations. Coinbase is set to release its fourth-quarter and full-year earnings on Feb. 12 after the market closes, with a webcast scheduled the same day, the company announced. 4
