Coinbase Global stock slips as hotter inflation revives rate fears

Coinbase Global stock traded at 118.42 euros on Lang & Schwarz at 10:17 p.m. CET on Tuesday, November 10, 2026, 1.16 percent above the Xetra close of 117.06 euros on Tuesday. The move came as a broader retreat in crypto-linked shares followed stronger-than-expected US inflation data.

Inflation Reignites Rate Concerns

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Inflation Reignites Rate Concerns

24/7 Wall St. reported that the October Consumer Price Index rose 0.4 percent from September, compared with a 0.3 percent estimate. The report said futures markets priced an 89 percent probability of a quarter-point Federal Reserve rate increase at the December 9 meeting.

Bitcoin was trading at 73,028 US dollars, down 2 percent over 24 hours, according to the same analysis. Higher-rate expectations can weigh on speculative assets and reduce risk appetite, a combination that matters directly for an exchange whose transaction revenue depends on customer trading activity.

Trading Revenue Remains Key Risk

Coinbase reported third-quarter revenue of 1.22 billion US dollars on October 29, down 35 percent from a year earlier. Transaction revenue fell to 590 million US dollars as crypto volatility remained subdued, while adjusted net income excluding crypto-asset gains and other adjustments was 77.7 million US dollars.

Reported diluted earnings per share reached 2.51 US dollars, but the analysis said 715 million US dollars of gains on crypto assets held for investment accounted for most of the 719 million US dollars in net income. That mix leaves the earnings profile exposed to swings in digital-asset prices as well as changes in customer volumes.

What Investors Watch Next

Management lowered its full-year adjusted expense outlook, pointing to tighter cost control while trading conditions remain soft. The next market test is whether Bitcoin stabilizes before the Federal Reserve's December decision and whether lower expenses can offset weaker transaction activity.

The broader US equity backdrop remains relevant for crypto-linked companies in the S&P 500 market theme.

More developments are available in More news and analyses on Coinbase Global stock.