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Coinbase brings $7.5 billion cbBTC to Robinhood Chain through Chainlink

Coinbase brings $7.5 billion cbBTC to Robinhood Chain through Chainlink

The integration brings Coinbase’s Bitcoin-backed asset to Robinhood Chain with Chainlink providing the cross-chain infrastructure.

Coinbase Global, Inc. (COIN) price

Full chart and stats

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Market cap
$42.5B (shares as of 2026-09-30)
P/E (trailing)
Not meaningful: trailing loss. Diluted EPS −2.53 for 2025-10-01 to 2026-09-30, rolled from reported annual and year-to-date EPS (approximate) SEC filing
Annual revenue
$7.2B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+9.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
1,260,327,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
20.0% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 29, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Coinbase Global, Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Coinbase Global, Inc. COIN · Price dated Oct 29, 2026 · tokenized COINx $161$42.5BNot meaningfulLoss, diluted EPS −2.53
to 2026-09-30 · SEC filing
Unavailable$7.2BFY ended 2025-12-31 · 10-K+9.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,260,327,000FY ended 2025-12-31, attributable to the company · 10-K20.0%FY ended 2025-12-31
Strategy Inc MSTR · Price dated Oct 29, 2026 · tokenized MSTRx $142UnavailableNot meaningfulLoss, diluted EPS −96.98
to 2026-06-30 · SEC filing
Unavailable$477.2MFY ended 2025-12-31 · 10-K+3.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K−3,848,152,000FY ended 2025-12-31, attributable to the company · 10-K−1,140.8%FY ended 2025-12-31
Circle Internet Group, Inc. CRCL · Price dated Oct 29, 2026 · tokenized CRCLx $80Unavailable16.0Unavailable$2.7BFY ended 2025-12-31 · 10-K+63.9%FY ended 2025-12-31 vs 2024-12-31 · 10-K−69,508,000FY ended 2025-12-31, attributable to the company · 10-K−3.5%FY ended 2025-12-31
Bitmine Immersion Technologies, Inc. BMNR · Price dated Oct 29, 2026 · tokenized BMNRx $22$13.1BNot meaningfulLoss, diluted EPS −4.50
to 2026-05-31 · SEC filing
Unavailable$6.1MFY ended 2025-08-31 · 10-K+84.1%FY ended 2025-08-31 vs 2024-08-31 · 10-K348,577,000FY ended 2025-08-31, attributable to the company · 10-K7,288.1%FY ended 2025-08-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 29, 2026, 12:47 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Coinbase is expanding cbBTC to Robinhood Chain using Chainlink CCIP as the asset’s exclusive cross-chain infrastructure.

The integration gives applications on Robinhood Chain access to cbBTC, Coinbase’s Bitcoin-backed token, which has more than $7.5 billion in circulation.

Chainlink’s Cross-Chain Interoperability Protocol will enable cbBTC to move between networks while Coinbase continues to handle custody and issuance of the underlying asset.

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The expansion could allow cbBTC to be used as collateral across lending markets on Robinhood Chain while also supporting Bitcoin-denominated vaults, yield strategies, and structured products.

It will also bring cbBTC liquidity to trading venues on the network and enable transfers between Base and Robinhood Chain through CCIP.

The integration uses Chainlink’s Cross-Chain Token standard, which allows cbBTC to expand across networks without creating separate versions of the underlying asset on each chain.

Coinbase keeps the Bitcoin backing cbBTC under a single custody and issuance structure, while Chainlink provides the infrastructure for moving the token across supported networks.

Robinhood launched the public mainnet of Robinhood Chain in July as an Ethereum layer 2 focused on financial services, tokenized assets, and decentralized finance. Chainlink was among the infrastructure providers integrated with the network at launch.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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