Coinbase Exchange enables full trading for GRASS-USD pair

Photo: Jakub Zerdzicki / Pexels

The Solana-based DePIN token that rewards users for sharing bandwidth now trades with all order types on Coinbase's spot market.

by Editorial Team

Wed 26 Aug 2026 · 16:05 EDT 2 min read

In Finance

Coinbase Global, Inc. (COIN) price

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Last close: $161
Close-to-close change: +0.9%
Market cap: $42.5B (shares as of 2026-06-30)
P/E (trailing): Not meaningful: trailing loss. Diluted EPS −3.79 for 2025-07-01 to 2026-06-30, 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 27, 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 27, 2026 · tokenized COINx	$161	$42.5B	Not meaningfulLoss, diluted EPS −3.79 to 2026-06-30 · 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 27, 2026 · tokenized MSTRx	$141	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 27, 2026 · tokenized CRCLx	$82	Unavailable	16.3	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 27, 2026 · tokenized BMNRx	$22	$13.0B	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 27, 2026, 8:36 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.

GRASS, the native token of a decentralized network that pays people for their unused internet bandwidth, is now fully tradeable against the US dollar on both Coinbase Exchange and Coinbase Advanced. All order types, including market, limit, and stop orders, are live.

The listing caps a five-day sprint from roadmap announcement to go-live. Coinbase added GRASS to its public listing roadmap on August 21, and spot trading opened on August 26 after the exchange’s standard phased rollout.

How the launch unfolded

GRASS went through three stages: an auction mode lasting at least ten minutes, then a limit-only phase where only limit orders were accepted, and finally full trading where all order types became available.

At the time of launch, GRASS was trading in a range of roughly $0.30 to $0.37, with a market capitalization in the low-to-mid hundreds of millions of dollars. Users can now buy, sell, convert, send, receive, and store the token through Coinbase’s website and mobile app in eligible jurisdictions. Institutional traders get access through Coinbase Exchange directly.

The token lives on Solana as an SPL token, with the contract address Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs.

What GRASS actually does

GRASS is the utility token powering the Grass network, a DePIN, or decentralized physical infrastructure network. You share your unused internet bandwidth, and the network rewards you with GRASS tokens in return.

That bandwidth gets put to work for decentralized web scraping and data collection. The end use case is training AI models. Grass distributes that task across thousands of individual contributors rather than through centralized servers.

The network deployed its mainnet in 2024, and the token was already trading on various centralized and decentralized exchanges before this Coinbase listing.

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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