Coinbase Global, Inc. Customer custodial fund liabilities increased by 2.4% to $5.48B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.0%, from $5.37B to $5.48B. Over 3 years (FY 2022 to FY 2025), Customer custodial fund liabilities shows an upward trend with a 3.5% CAGR.
An increase reflects growth in the user base and customer deposits, while a decrease may signal reduced platform activity or customer outflows.
The obligation to return cash held on behalf of customers in custodial accounts. This represents funds that the company...
Specific to financial institutions, exchanges, and custodians; peers in the crypto or brokerage space will report similar custodial liabilities.
current_liabilities_custodial_cash_liabilities_current| Q4 '22 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.83B | $3.47B | $4.57B | $5.20B | $4.20B | $4.04B | $6.16B | $5.37B | $5.12B | $5.67B | $5.35B | $5.48B |
| QoQ Change | — | -28.1% | +31.6% | +13.8% | -19.3% | -3.9% | +52.6% | -12.8% | -4.6% | +10.7% | -5.7% | +2.4% |
| YoY Change | — | — | -5.4% | — | — | +16.1% | +34.7% | +3.2% | +22.0% | +40.6% | -13.2% | +2.0% |