Institutional, net — Revenue
Coinbase Global, Inc. Institutional, net — Revenue decreased by 26.6% to $135.73M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 37.3%, from $98.89M to $135.73M. Over 4 years (FY 2021 to FY 2025), Institutional, net — Revenue shows an upward trend with a 8.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growing institutional adoption and successful expansion of the firm's professional-grade product suite, while a decrease may indicate reduced institutional trading activity or increased competition in the prime brokerage space.
Detailed definition
This metric represents the total net revenue generated from services provided to institutional clients, including tradin...
Peer comparison
Comparable to institutional trading commissions and prime brokerage fees at traditional financial exchanges or specialized digital asset service providers.
coin_segment_institutional_net_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $102.43M | $67.69M | $90.75M | $47.20M | $39.00M | $19.78M | $13.37M | $22.31M | $17.06M | $14.07M | $36.72M | $85.39M | $63.62M | $55.29M | $141.29M | $98.89M | $60.82M | $135.01M | $184.95M | $135.73M |
| QoQ Change | — | -33.9% | +34.1% | -48.0% | -17.4% | -49.3% | -32.4% | +66.9% | -23.5% | -17.5% | +161.0% | +132.5% | -25.5% | -13.1% | +155.5% | -30.0% | -38.5% | +122.0% | +37.0% | -26.6% |
| YoY Change | — | — | — | — | -61.9% | -70.8% | -85.3% | -52.7% | -56.3% | -28.9% | +174.6% | +282.7% | +272.9% | +293.0% | +284.8% | +15.8% | -4.4% | +144.2% | +30.9% | +37.3% |
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Frequently Asked Questions
- What is Coinbase Global, Inc.'s institutional, net — revenue?
- Coinbase Global, Inc. (COIN) reported institutional, net — revenue of $135.73M in Q1 2026.
- How has Coinbase Global, Inc.'s institutional, net — revenue changed year-over-year?
- Coinbase Global, Inc.'s institutional, net — revenue increased by 37.3% year-over-year, from $98.89M to $135.73M.
- What is the long-term trend for Coinbase Global, Inc.'s institutional, net — revenue?
- Over 4 years (2021 to 2025), Coinbase Global, Inc.'s institutional, net — revenue has grown at a 8.5% compound annual growth rate (CAGR), from $346.27M to $479.67M.
- What does institutional, net — revenue mean?
- The total revenue earned from providing trading, custody, and financial services to institutional and corporate clients.