New York, January 23, 2026, 18:16 EST — After-hours
- Coinbase shares slid further in after-hours trading following the company’s warning about issues with Onramp’s performance
- Crypto prices hold steady, though traders remain uneasy over platform reliability and unclear U.S. policy signals
- Next up: Jan. 27 SEC-CFTC event, followed by Coinbase’s earnings on Feb. 12
Shares of Coinbase Global (COIN.O) dipped in after-hours trading Friday following reports that some users experienced latency and reduced performance on its Coinbase Onramp product. The stock fell 2.8% to $216.95, after fluctuating between $215.81 and $223.77 during the regular session. (Coinbase Status)
The timing is key because Onramp is one of the channels Coinbase is promoting to simplify moving money into “onchain” apps—those built on blockchain networks rather than traditional ones. Coinbase’s Onramp and Offramp tools target developers looking to let users fund apps using fiat accounts or Coinbase balances. The company also provides a “guest checkout” option for some U.S. users without a Coinbase account. (Coinbase Developer Docs)
Crypto prices barely moved late Friday. Bitcoin hovered near $89,439, with ether close to $2,951. Robinhood Markets, a U.S. trading app also involved in crypto, saw a slight uptick.
Coinbase’s markets division informed clients that its derivatives platform will be offline for planned maintenance on Saturday. This serves as a reminder that weekend events can still sway sentiment around crypto-linked stocks. (X (formerly Twitter))
Policy is back on the agenda. The SEC and CFTC announced a joint event set for Tuesday, Jan. 27, focused on “harmonization” between the two agencies. Both regulators’ heads are expected to attend. The chairmen noted that “regulatory boundaries” have been “unclear” in their announcement. (SEC)
The U.S. crypto scene is buzzing. BitGo, a crypto custody company, set its IPO price at $18 per share, pegging its valuation at $2.08 billion, Reuters reported. Traders are watching this closely as a gauge of investor interest in the space. (Reuters)
Coinbase’s next big company event is earnings. The firm plans to report its fourth-quarter and full-year 2025 results on Feb. 12, after markets close, with a webcast to follow. (Coinbase Investor Relations)
Outages and slowdowns remain a vulnerability for any exchange, particularly when retail trading is unpredictable and crypto prices shift fast. Should the Onramp problem persist through the weekend or happen again, it could fuel more uncertainty just as Washington begins to outline potential crypto regulations.
Traders are keeping an eye on the Onramp incident and any ripple effects from Saturday’s maintenance. The SEC-CFTC event on Jan. 27 will also be in focus. Then, all eyes turn to Coinbase’s report due Feb. 12.
