Coinbase Global, Inc. (COIN) Q1 2026 Earnings Call

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WEBVTT 00:00:01.128 -- 00:00:05.193 Welcome to the Coinbase Q1 2026 earnings call. 00:00:05.193 -- 00:00:08.838 Before we get into the good stuff, some disclaimers. 00:00:08.838 -- 00:00:13.203 During today's call, we may make forward-looking statements that may vary materially 00:00:13.203 -- 00:00:18.470 from our actual results. Please refer to our SEC filings and this slide 00:00:18.470 -- 00:00:23.677 of the presentation for more information concerning risks, uncertainties, and 00:00:23.677 -- 00:00:27.001 other factors that could cause these results to differ. 00:00:27.001 -- 00:00:32.506 In addition, Our discussion today will include certain non-GAAP financial measures. 00:00:32.506 -- 00:00:37.172 Reconciliations to the most directly comparable GAAP financial measures are provided 00:00:37.172 -- 00:00:42.356 in the earnings presentation on our Earned Investor Relations website. 00:00:43.841 -- 00:00:48.467 Hello, everyone, and welcome to our Q1 2026 earnings call. 00:00:48.467 -- 00:00:52.052 My name is Alicia Haas, and I'm the Chief Financial Officer of Coinbase. 00:00:52.052 -- 00:00:55.336 You may see a new face on this call with us today. 00:00:55.336 -- 00:00:56.999 My 00:00:56.999 -- 00:01:02.302 great guys over there. I want to introduce you all to Sean Agarwal. 00:01:02.302 -- 00:01:07.429 Sean is our chief business officer, and he's our newest head of investor relations. 00:01:07.429 -- 00:01:10.514 You're going to see a lot more of him, but I want to tell you a story about Sean. 00:01:10.514 -- 00:01:15.702 Sean is our OG head of IR. Sean led our Series E fundraise back in 2018. 00:01:15.702 -- 00:01:20.729 He was my right hand as we went public in 2021, and I could not be more delighted to 00:01:20.729 -- 00:01:25.356 introduce him to his first pub...