{"id":6611,"date":"2026-02-13T07:00:59","date_gmt":"2026-02-13T07:00:59","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6611"},"modified":"2026-02-13T07:00:59","modified_gmt":"2026-02-13T07:00:59","slug":"coinbase-swings-to-667m-loss-as-crypto-slump-crushes-trading-volumes","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6611","title":{"rendered":"Coinbase Swings to $667M Loss as Crypto Slump Crushes Trading Volumes"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_17d896690c155e12c128bffc20a3e693\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coinbase reported a Q4 net loss of US$667 million, reversing a prior-year profit and missing analyst revenue expectations as crypto prices and trading activity cooled.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The loss was primarily driven by a US$718 million decline in investment portfolio value and a 45% drop in retail trading revenue following a sharp market downturn in late 2025.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Subscription and services revenue grew 13.5%, providing a \u201cshock absorber\u201d for the company through stablecoin revenue and the new regulatory framework established by the GENIUS Act.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Coinbase reported a fourth-quarter loss that caught analysts off guard, snapping a run of profitability as crypto prices and trading activity cooled late last year.<\/p>\n<p>The exchange posted Q4 revenue of US$1.78 billion (AU$2.7 billion), down 22% from a year earlier and below the US$1.84 billion (AU$2.81 billion) analysts expected.\u00a0<\/p>\n<p>Moreover, Coinbase reported a net loss of US$667 million (AU$1.02 billion), reversing a US$1.3 billion (AU$1.9 billion) profit a year ago.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Coinbase, <a href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COIN<\/a>, unexpectedly reports a large quarterly loss, posting quarterly EPS of -$2.49 compared to expectations of $0.96.<\/p>\n<p>The company posted a net loss of -$667 million last quarter. <a href=\"https:\/\/t.co\/yBt63FLWnd\">pic.twitter.com\/yBt63FLWnd<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/2022057786260304343?ref_src=twsrc%5Etfw\">February 12, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Coinbase pointed to investment losses as the main swing factor. It said the value of its investment portfolio fell by US$718 million (AU$1.09 billion), largely unrealised, and that strategic investments, including its stake linked to Circle, declined by US$395 million (AU$604 million).\u00a0<\/p>\n<p>At the same time, the core trading business weakened: consumer transaction revenue fell by more than 45%, a sign that retail activity pulled back sharply once the market turned.<\/p>\n<p><strong>Related: Coinbase Launches \u2018Agentic Wallets\u2019 to Power Autonomous AI Payments<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-so-what-happened\">So, What Happened?<\/h2>\n<p>The market. It turned really, really bad. Most cryptocurrencies slid through the final three months of 2025 after hitting record highs in early October, following new US tariffs on Chinese imports and threatened export controls on critical software.\u00a0<\/p>\n<p>Coinbase just experienced what most exchanges do: when prices and sentiment drop, so does volume, and Bitcoin has roughly halved from its Oct. 6 peak.<\/p>\n<p>There is also the issue with Spot Bitcoin ETFs, and while they helped power the earlier rally, they also suffered tremendous losses, with over US$7 billion (AU$10.7 billion) of withdrawals in November, about US$2 billion (AU$3.06 billion) in December, and more than US$3 billion (AU$4.5 billion) in January of this year.<\/p>\n<p>The part of the business built to be less moody held up better, though. Subscription and services revenue rose 13.5% to US$727.4 million (AU$1.11 billion), helped by stablecoins, of which its revenue increased to US$364.1 million (AU$557 million) from US$225.9 million (AU$345 million).<\/p>\n<p>Coinbase described crypto as cyclical in its shareholder letter, and outside analysts framed the stablecoin and subscription mix as \u201cshock absorbers\u201d compared with the company\u2019s older reliance on trading fees.<\/p>\n<p>COIN shares were up about 1.2% in volatile after-hours trading, though the stock is down nearly 40% for the year.\u00a0<\/p>\n<p>Coinbase\u2019s results land as stablecoins move further into the policy mainstream, with the GENIUS Act passed last year laying out a US regulatory framework aimed at expanding their use.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Coinbase,GENIUS Act#Coinbase #Swings #667M #Loss #Crypto #Slump #Crushes #Trading #Volumes1770966059<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase reported a Q4 net loss of US$667 million, reversing a prior-year profit and missing analyst revenue expectations as crypto prices and trading activity cooled. The loss was primarily driven by a US$718 million decline in investment portfolio value and a 45% drop in retail trading revenue following a sharp market downturn in late 2025.<\/p>\n","protected":false},"author":1,"featured_media":6612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[2451,84,2452,62,2388,2238,709,244,128],"class_list":{"0":"post-6611","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-667m","9":"tag-coinbase","10":"tag-crushes","11":"tag-crypto","12":"tag-loss","13":"tag-slump","14":"tag-swings","15":"tag-trading","16":"tag-volumes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Swings to $667M Loss as Crypto Slump Crushes Trading Volumes - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6611\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Swings to $667M Loss as Crypto Slump Crushes Trading Volumes\" \/>\n<meta property=\"og:description\" content=\"Coinbase reported a Q4 net loss of US$667 million, reversing a prior-year profit and missing analyst revenue expectations as crypto prices and trading activity cooled. 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