Coinbase’s Reinvention Hits a Wall With $394 Million Quarterly Loss

As crypto gained ground in both Washington and Wall Street over the past two years, Coinbase worked to position itself as the mature face of the crypto industry. After all, the U.S.-listed crypto firm is regulated, diversified, and focused on weaning itself away from the speculative trading cycles that defined the digital asset sector and crypto markets more specifically. But as the company’s first quarter 2026 results announced Thursday (May 7) showed, any reinvention away from Coinbase’s core