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Coinbase Wallet Rebrand Hints Exchange Close To ERC20 Listing

Coinbase Wallet Rebrand Hints Exchange Close To ERC20 Listing

The rebranded Coinbase wallet could be a sign the exhange is moving closer to adding ERC20 tokens to its exchange.

by Paddy Baker

3 min read

In Business

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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 has rebranded their wallet, compatible with ERC20 tokens, as the ‘Coinbase Wallet’; a possible sign the exchange is moving forward with full ERC20 integration.

Coinbase renamed their new wallet in a blog post yesterday; the wallet enables users to manage their ETH and ERC20 holdings. Like other wallets, it can be used to send feeless payments and participate in ICOs and airdrops.

Originally called ‘Toshi’ – a contraction of ‘Satoshi’-  Coinbase developed the wallet just over a year ago. The exchange designed it as a gateway for the decentralized web as well as use for decentralized applications (dApps).

The Toshi wallet has a dApp web browser and storage feature for crypto collectibles, non-fungible items used in games or specific trades. It added support for ERC20 and ERC-721 tokens at the end of February, this year.

“We are in the early days of a new technology revolution,” Coinbase said. “One that will reshape everything we do online — from how we identify ourselves, to performing tasks, to buying and selling goods and service.”

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Coinbase wallet implies ERC20s on the horizon

Coinbase is one of the most popular cryptocurrency exchanges in the world, with over 20m users worldwide; CEO Brian Armstrong said at one point in 2017, they were signing up 50,000 users every day. The Hong-Kong exchange Binance, which is the largest ‘pure’ (i.e. crypto-to-crypto) exchange, had 9m users at the end of Q2 2018.

Coinbase announced their intention to support the ERC20 technical standard at the end of March, enabling it to add ERC20 tokens to its servers. At the time, the exchange said they would wait for additional regulatory clarity before deciding on specific tokens to list.

There has been little news coming from the Coinbase camp. The exchange said in early May they were significantly increasing their transaction capacity in the coming months; by doubling its engineering team and ‘re-architecturing’ part of its codebase.

Due to its popularity and exclusivity, a coin’s price increases significantly following a Coinbase listing. Litecoin (LTC) spiked by 25% when it was listed in early May; the total value of Bitcoin Cash (BCH) increased by nearly $30bn after its December listing.

When Coinbase announced it would list Ethereum Classic (ETC), the coin rose by 45%; the ETC listing is taking place today at 17:00 PST.

Coinbase wants to expand its asset list; it had mooted the possibility of adding cryptocurrencies Cardano (ADA), 0x (ZRX) and Stellar Lumens (XLM) last month.  The exchange had previously said that the technical similarlity between Ether and Ethereum Classic meant listing ETC was far easier than adding a native token from a whole new platform.

ERC20 tokens are essentially cryptocurrencies that comply with certain requirements that enable them to function on the Ethereum platform; they are technically very similar to one another, like Ether and Ethereum Classic.

A wallet rebranding may not be enough to augur Coinbase’s plans. That said, the exchange has committed to ERC20 support, with similar codebases making such listings far easier than adding tokens from whole other platforms.

Crypto Briefing approached Coinbase for comment on whether the rebranding of an ERC20-compatible wallet to ‘Coinbase wallet’ meant the exchange is moving closer to supporting ERC20 tokens. There was no response at press-time.

The author is invested in ETH, which is mentioned in this article. 

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

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