Coinbase Global, Inc. - 3Class A (COIN) Covered Calls

Coinbase Global, Inc. is a leading financial technology company that provides end-to-end financial infrastructure and technology for the crypto economy. The company offers a secure platform for retail and institutional investors to trade and store digital assets, while providing developers with tools to build decentralized applications. Its suite of products supports the integration of digital assets into the global financial system through exchange, custody, and payment solutions.

You can sell covered calls on Coinbase Global, Inc. - 3Class A to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for COIN (prices last updated Fri 4:16 PM ET):

Coinbase Global, Inc. - 3Class A (COIN) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
165.12 +19.00 164.78 165.00 19.5M 13 39
Covered Calls For Coinbase Global, Inc. - 3Class A (COIN)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 165 10.55 154.45 6.8% 166%
Mar 20 165 16.20 148.80 10.9% 92.5%
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Extended Business Description

Coinbase Global, Inc. (COIN) is a pioneer in the digital asset industry, operating as a primary gateway for individuals and institutions to participate in the emerging crypto economy. The company has evolved from a simple bitcoin brokerage into a complex financial services provider, leveraging blockchain technology to offer a wide range of trading, storage, and infrastructure services designed to foster an open financial system.

Core Business and Products

  1. Exchange and Trading: The company provides a high-liquidity marketplace for over 250 cryptocurrencies. This includes a user-friendly app for retail investors and "Coinbase Advanced" for professional traders, offering sophisticated charting, limit orders, and derivatives trading.
  2. Institutional Services: Through Coinbase Prime, the company offers an integrated platform for institutional clients, featuring advanced trade execution, specialized custody solutions, and prime brokerage services. It also acts as the primary custodian for several major spot cryptocurrency ETFs.
  3. Ecosystem and Infrastructure: The company develops and maintains the "Base" layer-2 network, which aims to improve blockchain scalability. Additionally, it provides the Coinbase Wallet for decentralized finance (DeFi) interaction and "Cloud" services that allow developers to integrate crypto-native features into their own applications.
  4. Stablecoins and Payments: As a co-founder of the USDC stablecoin, the company facilitates global remittances and real-time settlements, positioning digital dollars as a foundational tool for modern global commerce.

Competitive Landscape

The digital asset market is characterized by rapid innovation and intense competition from both crypto-native firms and traditional financial institutions. The company’s most direct rivals in the retail and institutional trading space include Robinhood Markets and Interactive Brokers. In the broader derivatives and risk management market, it increasingly competes with CME Group and Intercontinental Exchange. While Kraken and Gemini are major crypto-native competitors, they are not currently publicly traded in the U.S. with active options. Additionally, as the company expands into payments and digital wallets, it faces competition from established fintech leaders like PayPal and Block.

Strategic Outlook and Innovation

The company is currently pursuing an "Everything Exchange" strategy, aiming to bridge the gap between traditional finance and on-chain ecosystems. A primary focus is the expansion of the Base network to support the next generation of decentralized applications and the tokenization of real-world assets (RWAs). Innovation efforts are heavily centered on the integration of artificial intelligence into the trading experience, utilizing AI agents to automate smart contract development and market analysis. Management is also prioritizing international expansion in jurisdictions with clear regulatory frameworks, such as the European Union and key Asian markets, to diversify revenue away from the U.S. market. By continuing to invest in stablecoin infrastructure and institutional-grade custody, the company intends to solidify its position as a central utility for the global digital economy.