New York, February 6, 2026, 18:09 EST — After-hours
- Coinbase shares jumped roughly 13% in late trading, moving in step with bitcoin’s strong rebound.
- Bitcoin jumped over 11% for the day, rebounding after sliding close to $60,000.
- Coinbase is set to post results Feb. 12, a quick gut-check for trading volumes and expense trends.
Shares of Coinbase Global Inc shot up roughly 13% in Friday’s after-hours session, tracking a rebound in bitcoin that lifted crypto-related stocks out of the red. Coinbase was recently trading 12.9% higher at $165.12, after touching lows of $151.45 and highs of $167.12 earlier on. More than 19.6 million shares changed hands.
Bitcoin jumped 11.2% to $71,531, having earlier slid to around $60,297. Ether, meanwhile, gained 10.0% to $2,077 after hitting lows near $1,757.
Following Thursday’s sharp drop and a wave of forced selling in crypto, bitcoin saw roughly $1 billion in liquidations within a day, according to CoinGlass. “The market fears a hawk with him,” said Julius Baer’s Manuel Villegas Franceschi. Nic Puckrin at Coin Bureau described it as “full capitulation mode.” 1
Shares with crypto exposure rallied. Robinhood Markets added roughly 14%. Strategy Inc, which holds a big bitcoin stash, jumped around 26%. Gemini Space Station tacked on about 14% in late moves.
Gemini is set to let go as many as 200 employees and pull back from the UK, EU, and Australia, aiming its efforts squarely at the U.S. and Singapore, the company said Thursday. The Winklevoss twins told staff the decision should “accelerate our path to profitability.” Truist’s Matthew Coad weighed in, arguing management needs to prioritize “staying afloat during a crypto downturn.” 2
Coinbase plans to report its fourth-quarter and full-year 2025 earnings on Feb. 12, right after the market shuts. A webcast is set for 2:30 p.m. PT. 3
Investors have their eye on trading volumes, shifts in fee rates, and the split between revenue from subscriptions, services, and spot trading. Costs—and any clues about retail flows—take on extra significance when the pace of price moves accelerates like this.
Coinbase’s revenue leans heavily on trading activity, which means the stock often exaggerates bitcoin’s moves. That works in its favor when price swings lure traders, but cuts the other way if investors pull back.
The options market isn’t calming down yet. Traders have loaded up on puts clustered at the $60,000 and $50,000 strikes with the Feb. 27 expiry looming, according to Derive.xyz research chief Sean Dawson, who described current demand for downside hedges as “extreme.” 4
Crypto keeps moving over the weekend, so when U.S. markets open on Monday, Coinbase shares can see some abrupt moves. COIN’s next key date lands on Feb. 12.
