Coinbase Global (COIN) Asset Utilization Ratio (2021 - 2026)
Coinbase Global's (COIN) quarterly Asset Utilization Ratio came in at 0.23 in Q2 2026, down 26.73% year-over-year from 0.31 in Q2 2025, and up 1.34% quarter-over-quarter from 0.22 in Q1 2026.
Analysis
Coinbase Global (COIN) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Asset Utilization Ratio for 6 consecutive years, with 0.23 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio fell 26.73% year-over-year to 0.23 in Q2 2026; TTM through Jun 2026 was 0.23, a 26.73% decrease from a year earlier, with the FY2025 full-year figure at 0.28, down 21.85% from the prior year.
- Asset Utilization Ratio was 0.23 for Q2 2026 at Coinbase Global, up from 0.22 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.34 in Q1 2022 and troughed at 0.01 in Q2 2024.
- A 5-year average of 0.13 and a median of 0.04 in 2022 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio slumped 92.84% in 2023 and surged 2504.8% in 2025, its largest moves.
- Over 5 years, Asset Utilization Ratio stood at 0.03 in 2022, then slipped by 3.82% to 0.03 in 2023, then soared by 37.09% to 0.04 in 2024, then soared by 461.34% to 0.24 in 2025, then slipped by 3.47% to 0.23 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.23 (Q2 2026), 0.22 (Q1 2026), and 0.24 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 45.40 Bn | 36.62 Bn | 1.16 Bn | 0.23 |
| 2 | Bullish | 4.32 Bn | 4.21 Bn | 15.53 Mn | 59.29 |
| 3 | Canton Strategic Holdings | 465.18 Mn | 465.18 Mn | - | - |
| 4 | Cypherpunk Technologies | 406.44 Mn | 406.44 Mn | - | - |
| 5 | Coincheck | 268.46 Mn | 166.86 Mn | 11.20 Mn | 4.49 |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 178.08 Mn | 174.42 Mn | - | - |
| 8 | Universal Token | 174.68 Mn | 174.68 Mn | - | 0.00 |
| 9 | TON Strategy | 173.75 Mn | 173.73 Mn | - | - |
| 10 | Streamex | 123.26 Mn | 104.79 Mn | - | 0.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.23 |
| Mar 31, 2026 | 0.22 |
| Dec 31, 2025 | 0.24 |
| Sep 30, 2025 | 0.28 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.04 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | 0.01 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.03 |
| Sep 30, 2023 | 0.02 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.02 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.05 |
| Jun 30, 2022 | 0.09 |
| Mar 31, 2022 | 0.34 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 0.35 |