Coinbase kicks off live trading competition with $150,000 on the line

Coinbase official logo (public domain, Wikimedia Commons) — CryptoBriefing brand treatment

Ten crypto traders are going head to head in a Singapore nightclub during Token2049 week, with one walking away as the Coinbase Champion

by John Chen

Thu 8 Oct 2026 · 08:35 EDT 3 min read

In Finance

Coinbase Global, Inc. (COIN) price

Full chart and stats

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Last close: $161
Close-to-close change: −1.1%
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	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Coinbase Global, Inc. COIN · Price dated Oct 29, 2026 · tokenized COINx	$161	$42.5B	Not 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-K	1,260,327,000FY ended 2025-12-31, attributable to the company · 10-K	20.0%FY ended 2025-12-31
Strategy Inc MSTR · Price dated Oct 29, 2026 · tokenized MSTRx	$142	Unavailable	Not 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	$80	Unavailable	16.0	Unavailable	$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	$13.1B	Not 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-K	348,577,000FY ended 2025-08-31, attributable to the company · 10-K	7,288.1%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 has turned perpetual futures trading into a spectator sport. Its in-person trading competition is now underway, and one trader will leave with $150,000 and the title of Coinbase Champion.

The setting is a Singapore nightclub, not a trading floor. Apparently the exchange decided that if you are going to watch people stare at charts, you might as well add a DJ.

The event, called Coinbase Champions, is the exchange’s first esports-style trading tournament held in real life. It lands in the middle of Token2049 week, when much of the crypto industry is already gathered in Singapore.

How the competition works

Ten well-known crypto traders are competing live on Coinbase Advanced, the exchange’s platform for more experienced users. They are trading perpetual futures for a prize pool totaling $150,000.

Perpetual futures are contracts that let traders bet on where an asset’s price is headed without ever owning the asset, and unlike traditional futures, they have no expiry date.

The schedule for October 8, 2026 was set in Singapore time. Doors opened at 7:30 PM SGT, with trading starting at 8:30 PM SGT.

Taiki Maeda of Steady Labs is hosting the tournament. For viewers who could not get into the club, the whole thing is being streamed globally on X.

Once the trading wraps, the night shifts into an after-party featuring a set from DJ MYRNE.

Who is in the arena

Coinbase rolled out the participant lineup through social media posts in September 2026. Its promotional push on X ran from early to mid-September.

The names announced include Ansem, Jez, Intern and Gou Penguin. Also on the list is Ao Ying, a prominent copy-trader.

Copy-trading is when other users automatically mirror a trader’s positions. A copy-trader with a big following is essentially managing a crowd’s attention as well as their own account, which raises the stakes of performing in public.

From regional cups to a nightclub stage

This is not Coinbase’s first trading competition. Earlier in the year, the exchange ran the Coinbase Champions Cup in India, a regional event that kicked off in July 2026 and boasted a ₹3.3 crore prize pool.

The Singapore tournament marks a step up in format. Coinbase is moving from regional contests toward a live, in-person show built around an audience, a host and a broadcast.

What this means for Coinbase and its users

The flip side is worth keeping in mind. Perpetual futures are leveraged products, and a polished, party-style presentation can make high-risk trading look like a game, which it is not for anyone outside the arena.

For casual viewers, the show is entertainment. For anyone inspired to follow the champions into perps, the lesson is that the prize money in Singapore is fixed, while losses on a personal account are not.

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

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