Coinbase 1Q26 Review: Revenue Under Pressure, Execution Still Visible

Coinbase’s 1Q26 report is not about a strong crypto market.

The environment remained weak:

Total revenue: US$1.41bn, -31% YoY

Adjusted EBITDA: US$303mn, below consensus

Transaction revenue: US$756mn, -40% YoY

But execution signals were still visible:

trading volume market share rose to 8.6%

derivatives volume grew 169% YoY

Prediction Markets annualized revenue exceeded US$100mn

stablecoin revenue grew 11% YoY to US$305mn

Circle Soars 16% on Earnings Beat! How Much Upside Remains?

Circle surged 15.9% today after Q1 2026 results released last night topped market estimates, with technicals simultaneously flashing dual bullish signals. The advancing CLARITY Act stablecoin regulatory framework provides policy backing for the company's core reserve interest income model, sustaining institutional inflows into the stablecoin sector. Once the CLARITY Act is formally enacted, how much valuation re-rating is left for CRCL — do you dare to chase it?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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