How many subsidiaries does Coinbase Global, Inc. file with the SEC?

5, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (United Kingdom, Ireland, Luxembourg). 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Coinbase Global, Inc. financially healthy?

Coinbase Global, Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Coinbase Global, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), CITADEL ADVISORS LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Coinbase Global, Inc. (COIN)

Nasdaq · Finance Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American company that operates a cryptocurrency exchange platform

Corporate structure

5 entities across 3 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-12 — see the exhibit.

Which other public companies file entities in the same places:

Ireland3 United Kingdom1 Luxembourg1

Subsidiaries of Coinbase Global, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
CB Payments, Ltd	United Kingdom
Coinbase Custody International Limited	Ireland
Coinbase Europe Limited	Ireland
Coinbase Ireland Limited	Ireland
Coinbase Luxembourg S.A.	Luxembourg	offshore centre

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

PASSReturn on assets positiveROA 4.2%
PASSOperating cash flow positiveOCF 2.4B
FAILReturn on assets improving11.4% → 4.2%
PASSCash flow exceeds earningsOCF 2.4B vs NI 1.3B
FAILLong-term debt ratio falling18.8% → 20.0% of assets
PASSCurrent ratio improving2.28 → 2.34
FAILNo share dilution273M → 287M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.29× → 0.24×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.3B	$322.3M	$3.0B	—	91,209,000
FY2021	$7.8B	$3.6B	$10.7B	—	219,965,000
FY2022	$3.2B	−$2.6B	−$1.6B	—	222,338,000
FY2023	$3.1B	$94.9M	—	—	254,391,000
FY2024	$6.6B	$2.6B	—	—	273,377,000
FY2025	$7.2B	$1.3B	—	—	287,209,000

Ownership flow

17 institutions tracked — 10 added, 5 reduced, 2 opened a new position. Index money added 191,982 shares while active managers cut 501,752.

Institutional holders of Coinbase Global, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
CITADEL ADVISORS LLC	Hedge fund	11,947,509	+1,174,051	$1.7B
FMR LLC	Active fund	253,774	−979,884	$37.1M
JPMORGAN CHASE & CO	Active fund	1,855,952	−972,214	$281.5M
STATE STREET CORP	Index	9,562,203	+201,983	$1.4B
ARK Investment Management LLC	Active fund	2,511,319	+138,435	$367.1M
Point72 Asset Management, L.P.	Hedge fund	332,300	+101,400	$48.6M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	157,825	+72,761	$23.1M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	514,073	−54,026	$75.2M
BANK OF AMERICA CORP /DE/	Active fund	1,441,451	+46,576	$210.7M
BAILLIE GIFFORD & CO	Value	1,081,008	−43,049	$158.0M
BlackRock, Inc.	Index	16,710,783	−34,623	$2.4B
GEODE CAPITAL MANAGEMENT, LLC	Index	6,154,642	+24,622	$946.4M
Capital World Investors	Active fund	1,703,693	+7,995	$249.1M
MORGAN STANLEY	Active fund	3,802,156	+3,623	$555.8M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	28,047	+2,580	$4.1M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $1.1B
2025Q1: $0

Identity

CIK: 0001679788
SIC: 6199 · Finance Services
Incorporated: TX
Headquarters: NEW YORK, NY
Employees: 1,249 (2020)
Founded: 2012-06-20

Ownership

Institutional: 68.7%
Institutions: 1,576
Insiders: 1.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other finance services companies

Coinbase Global, Inc. files under SIC 6199 — all 20 finance services companies compared on assets and F-score.

AMERICAN EXPRESS COAXP Circle Internet Group, Inc.CRCL Strategy IncMSTR MARA Holdings, Inc.MARA Burford Capital LtdBUR Cipher Digital Inc.CIFR

Dealer positioning — end of day

Where dealer gamma sat in COIN’s option chain after the close on 2026-09-01, aggregated from the full chain. This is a once-a-day snapshot, not a live read — 2,388 contracts.

Net gamma (per 1% move): $36.3M
Gamma flip: 195
Call wall: 200
Put wall: 160
Spot at capture: 188.12

Computed from the listed option chain by my own aggregation, once, after the close — it describes where positioning sat that evening and does not update through the next session. The version that rebuilds per strike while the market is open is the intraday gamma product. Not investment advice.

Questions about Coinbase Global, Inc.

How many subsidiaries does Coinbase Global, Inc. file with the SEC?: 5, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (United Kingdom, Ireland, Luxembourg). 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Coinbase Global, Inc. financially healthy?: Coinbase Global, Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Coinbase Global, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), CITADEL ADVISORS LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.