Coinbase expands lending options with Prime and High Yield features

New PrimePlus and Agency Lending products give institutional investors structured ways to earn yield across 90+ digital assets

by Editorial Team

Thu 11 Jun 2026 · 17:23 EDT 2 min read

In Technology

Coinbase Global, Inc. (COIN) price

Full chart and stats

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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 28, 2026, 4:41 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 making a play for the institutional lending market with two new yield-generating products built into its Prime platform. The offerings, PrimePlus and Agency Lending, are designed to let institutions and high-net-worth clients earn passive income on their crypto holdings without having to manage borrower relationships themselves.

How PrimePlus and Agency Lending actually work

PrimePlus offers structured USDC lending with seven different notice periods: 2, 7, 14, 30, 90, 180, and 360 days. The longer you commit your capital, the more you earn, with yields scaling up to 5.5% for the longest lock-up periods.

Agency Lending facilitates passive income generation across more than 90 digital assets. Coinbase acts as the intermediary, matching client assets with a network of institutional borrowers that the company has vetted in advance. Clients don’t need to do any of the due diligence on borrowers themselves. Coinbase handles the matching, the risk assessment, and the ongoing management.

Risk management is the real story

Coinbase addresses risk through three primary mechanisms: over-collateralization, meaning borrowers have to put up more collateral than the value of what they’re borrowing; transparent margin processes that give lenders visibility into the health of their positions; and rapid loan recall capabilities that let clients pull their assets back quickly if market conditions deteriorate.

What this means for investors

These products are explicitly targeting institutional clients and private wealth managers. Coinbase Prime already offered custody, trading, and staking services. Adding structured lending and agency lending fills a gap in the platform’s institutional offering.

Up to 5.5% on USDC for a 360-day commitment is competitive with many traditional fixed-income products. The broader context is that Coinbase Prime supports financing capabilities across 85 to 90+ digital assets, integrating margin loans and portfolio margining. PrimePlus and Agency Lending are the latest additions to this institutional financial services stack.

The risk for investors considering these products is counterparty exposure. Even with over-collateralization and recall mechanisms, investors are trusting Coinbase’s underwriting standards and operational integrity. Sophisticated institutional investors will want to evaluate the specific terms, collateral ratios, and borrower profiles before committing significant capital.

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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