COIN, US19260Q1076

Coinbase Global stock gains 3.11 percent as Citi deal expands

Published on 09/29/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coinbase Global stock is trading at EUR 173.77 on September 29, 2026, while Citi expands stablecoin rails. Second quarter revenue fell 18.5 percent to USD 1.22 billion.

COIN, US19260Q1076, Illustration mit AI erstellt.

Coinbase Global stock (ISIN US19260Q1076) was trading at EUR 173.77 at Lang & Schwarz on September 29, 2026, up 3.11 percent versus the prior close of EUR 168.53. The move followed a September 28 announcement that expands Coinbase's payment infrastructure through Citi.

Citi adds payment rails

According to Citigroup on September 28, 2026, Citi's Virtual Account Wallet will power Coinbase Virtual Accounts, giving businesses bank-account-like functionality with automatic fiat-to-stablecoin conversion. The same collaboration connects Coinbase Payments to Spring by Citi, allowing institutional clients to accept stablecoin payments while Citi settles the proceeds in fiat.

The commercial angle is broader than a trading venue. Citi said the service could reach more than 150 million stablecoin holders globally, while the initial rollout starts in the United States.

Quarterly loss tests the strategy

According to MarketBeat in its September 2026 report, Coinbase's second quarter revenue was USD 1.22 billion, down 18.5 percent from the year-earlier period. The company posted a USD 1.36 adjusted loss per share, missing the USD 0.44 consensus estimate by USD 0.92.

The figures make the Citi rollout strategically important because payments can diversify revenue beyond trading activity. Coinbase's second quarter net loss was USD 359.5 million, compared with a USD 1.43 billion profit in the second quarter of 2025, according to MarketBeat.

Analyst targets remain divided

MarketBeat reported on September 28, 2026, that Robert W. Baird raised its Coinbase price target from USD 130.00 to USD 205.00 while retaining a neutral rating. The same report placed the analyst consensus at Hold with an average target of USD 222.47.

That spread reflects the central debate around Coinbase. New payment products may broaden the business, but the latest quarter shows how sharply earnings can weaken when crypto trading conditions deteriorate.

Stock trades below yearly high

On Nasdaq, Coinbase was last at USD 192.56 on September 29, 2026 at 9:33 a.m. ET, with a 52-week range of USD 139.11 to USD 402.16 and a market capitalization of USD 50.8 billion. At Lang & Schwarz, the stock was trading at EUR 173.77 on September 29, 2026 at 3:31 p.m. CEST, plus 3.11 percent versus the prior close of EUR 168.53.