Coinbase Global

Money Moves

Reporting Q1 2026 contraction; cutting workforce 14%

Coinbase, the largest US-listed cryptocurrency exchange, posted Q1 2026 revenue of roughly $1.5 billion on May 7—down about 26% from a year earlier. Two days before the print, Chief Executive Brian Armstrong confirmed the company is eliminating roughly 700 jobs, or 14% of staff, citing lower trading volumes and softer token prices through the quarter.

Updated May 31

Rule Changes

Committed to Trump Accounts program

Starting July 4, 2026, the U.S. will deposit $1,000 into a stock market index fund for every American born between 2025 and 2028—accessible at age 18 for education, homebuying, or starting a business. This is the nation's first universal child investment program; over 1 million families enrolled the first week.

Updated May 23