Management remarks
Call period: 2026 Q2 · 2026-07-30
Demand and orders: Alesia Jeanne Haas: And what that is really indicating to us and this is during a down market, We saw crypto trading volumes down, but growth in Coinbase 1 memberships.Analyst Q&A
Analyst Brian Armstrong asked: You have got to have all the stock the shelves stocked so you have the inventory when people when that thing trends that week. And then on the non trading fee side with subscription and services, we have seen good growth of that over the past years as well. And it just allows our business to be a bit more predictable. So yeah. Alesia, anything you wanna add on that? Management Alesia Jeanne Haas answered: 1 thing I wanted to share that maybe people looked past is that we saw an all time high in paid Coinbase 1 subscribers this quarter. And what that is really indicating to us and this is during a down market, We saw crypto trading volumes down, but growth in Coinbase 1 memberships. And so it really speaks to then the value of the subscription product, and these tend to be our most deeply engaged customers that try out the most products and services we offer.管理层陈述
电话会期间：2026 Q2 · 2026-07-30
需求与订单：这向我们传递的真实信号是，在市场下行期间，我们观察到加密货币交易量下滑，但Coinbase 1会员数量实现增长。分析师问答
分析师布莱恩·阿姆斯特朗称，需备足库存以便产品当周走红时有货可供，同时订阅服务业务近年增长强劲，可让业务更具可预测性，并询问阿莱西亚是否有补充。管理层阿莱西亚·珍妮·哈斯回应称，本季度付费Coinbase 1订阅用户数创历史新高，尽管市场下行、加密货币交易量下滑，但会员数仍实现增长，体现了订阅业务的价值，这些用户多为高度活跃的核心客户。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
