NEW YORK, January 2, 2026, 18:06 ET — After-hours
- Coinbase shares rose about 4.6% in extended trading, tracking a firmer tone in crypto markets.
- CEO Brian Armstrong laid out three 2026 priorities centered on multi-asset trading, stablecoins and onchain products.
- Investors are watching execution, regulation and the next earnings update for signs the strategy can lift activity beyond crypto trading.
Coinbase Global Inc shares were up about 4.6% at $236.53 in after-hours trading on Friday, after Chief Executive Brian Armstrong laid out a 2026 roadmap focused on expanding the company beyond its core crypto exchange business. The stock opened at $230.58 and traded between $226.03 and $238.47 during the session, with about 8.7 million shares changing hands.
The update landed as crypto-linked stocks try to find their footing after a volatile end to 2025, when digital-asset prices gave back a sizable portion of earlier gains and investor risk appetite cooled. 1
That matters for Coinbase because its results still swing with market activity: when crypto prices and trading volumes jump, retail and institutional customers tend to transact more; when volatility fades or sentiment turns, that churn can slow.
Armstrong said Coinbase’s top priority is to “grow the everything exchange globally,” aiming to broaden what users can trade in one venue. He described a platform spanning crypto, equities, prediction markets and commodities across spot, futures and options — products that let investors trade today’s prices, or take positions on future prices and price swings. 2
He also highlighted scaling stablecoins and payments. Stablecoins are tokens designed to hold a steady value, typically by tracking a currency such as the U.S. dollar, and firms in the sector pitch them as rails for faster digital payments. 2
The third pillar focused on bringing more activity “onchain” — recorded on a blockchain — through Coinbase’s developer tools and Base, the company’s Ethereum layer-2 network built to reduce transaction costs versus the main chain. 3
Crypto prices were firmer on Friday. Bitcoin was up about 1.9% near $90,130, while ether gained about 4.7% to around $3,133.
Coinbase has been building pieces of that multi-asset vision. In December, the company said it would begin offering stock trading and event contracts tied to real-world outcomes, moves that push it closer to retail-brokerage rivals while drawing regulatory attention to contracts that can resemble betting. 4
It has also pushed deeper into prediction markets. Coinbase said last month it agreed to buy prediction-markets startup The Clearing Company in a deal expected to close in January, as it looks to diversify revenue streams and expand engagement beyond crypto spot trading. 5
For traders, the near-term question is whether the strategy translates into measurable activity — more trading, more payments flow and more onchain usage — without running into regulatory speed bumps in products that sit between finance and wagering.
In the meantime, the stock remains tightly tethered to the direction of crypto prices, because they influence trading interest and the value of assets held on platforms like Coinbase.
Coinbase has not announced a date for its next earnings report. Nasdaq’s earnings calendar currently estimates a Feb. 12 report date, a focal point for updates on trading activity, stablecoin momentum and the pace of new product rollouts. 6
