
Coinbase Posts Q1 Loss as Trading Volumes Slump and Workforce Cuts Hit 14%
Coinbase posted a $394 million net loss for Q1 2026 as revenue fell 31% to $1.4 billion and transaction revenue dropped 40%, missing expectations. The company also announced a 14% workforce reduction as it pivots toward AI-enabled operations, sending its shares lower after hours; management pointed to gains in derivatives, USDC and Base activity as positives amid softer crypto markets.


