Coinbase Cuts 2026 Adjusted Expense Forecast to $4.15 Billion-$4.3 Billion

• Coinbase lowered its 2026 adjusted expense forecast to $4.15 billion-$4.3 billion, implying a roughly 1% annual decline at the midpoint.
• Fourth-quarter subscription and services revenue is projected at $550 million-$630 million, supported by higher average interest rates and asset prices.
• Adjusted expenses are expected at $1.07 billion-$1.16 billion, reflecting increased marketing spending and normalized professional services costs.
• Transaction expenses are forecast in the mid-teens as a percentage of net revenue, depending on revenue mix.
• Transaction revenue through October 25 totaled approximately $165 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coinbase Global Inc. published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.