Investors Buy Large Volume of Put Options on Coinbase Global (NASDAQ:COIN)

Posted by Defense World Staff on Feb 6th, 2026

Coinbase Global, Inc. (NASDAQ:COIN) was the recipient of some unusual options trading on Thursday. Stock investors bought 523,995 put options on the stock. This is an increase of 113% compared to the average daily volume of 246,272 put options.

Insider Buying and Selling

In other news, Director Frederick Ernest Ehrsam III sold 55,688 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $321.81, for a total transaction of $17,920,955.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Armstrong sold 40,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $271.87, for a total transaction of $10,874,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 488,586 shares of company stock valued at $137,640,636 in the last ninety days. 16.56% of the stock is owned by company insiders.

Institutional Trading of Coinbase Global

A number of institutional investors have recently bought and sold shares of COIN. Tucker Asset Management LLC bought a new position in shares of Coinbase Global during the fourth quarter worth approximately $104,000. North Dakota State Investment Board acquired a new stake in Coinbase Global during the fourth quarter worth approximately $1,626,000. Elyxium Wealth LLC increased its stake in Coinbase Global by 99.6% during the 4th quarter. Elyxium Wealth LLC now owns 3,182 shares of the cryptocurrency exchange’s stock worth $719,000 after acquiring an additional 1,588 shares during the period. Soltis Investment Advisors LLC raised its holdings in Coinbase Global by 11.7% in the 4th quarter. Soltis Investment Advisors LLC now owns 14,572 shares of the cryptocurrency exchange’s stock valued at $3,295,000 after acquiring an additional 1,523 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its position in shares of Coinbase Global by 1.2% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 7,291 shares of the cryptocurrency exchange’s stock valued at $1,649,000 after acquiring an additional 83 shares during the period. Institutional investors own 68.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COIN shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Barclays cut their price objective on Coinbase Global from $291.00 to $258.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Sanford C. Bernstein reissued an “outperform” rating and set a $440.00 target price on shares of Coinbase Global in a report on Tuesday, January 6th. Rothschild & Co Redburn cut their price target on Coinbase Global from $404.00 to $403.00 and set a “buy” rating for the company in a report on Friday, January 16th. Finally, Argus reaffirmed a “hold” rating on shares of Coinbase Global in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.69.

Get Our Latest Analysis on Coinbase Global

Coinbase Global Stock Down 13.3%

COIN stock opened at $146.12 on Friday. Coinbase Global has a fifty-two week low of $142.58 and a fifty-two week high of $444.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.40 and a quick ratio of 2.40. The stock has a market capitalization of $39.40 billion, a price-to-earnings ratio of 12.64 and a beta of 3.70. The business’s fifty day moving average price is $237.79 and its two-hundred day moving average price is $294.74.

Key Headlines Impacting Coinbase Global

Here are the key news stories impacting Coinbase Global this week:

Positive Sentiment: Product expansion – Coinbase launched a U.S. prediction-market platform (Coinbase Predict) across all 50 states via a Kalshi partnership, diversifying product mix beyond spot trading and potentially creating a new revenue stream over time. Coinbase Launches Prediction Market Platform Across All 50 U.S. States
Positive Sentiment: Institutional buying signal — notable allocations from Ark Invest and other buyers have shown selective institutional interest in crypto-linked names, providing a potential buyer base under recent weakness. Cathie Wood Loads Up On Coinbase…
Neutral Sentiment: Short-term legal win but ongoing case — a Nevada judge denied an emergency order to immediately halt Coinbase’s prediction markets, which delays an immediate regulatory cut-off but leaves the underlying enforcement action pending. Coinbase fends off Nevada’s emergency bid to halt prediction markets
Negative Sentiment: Crypto market rout — a sharp drop in Bitcoin (below ~$70k) and broad crypto weakness is depressing trading volumes and sentiment across crypto-adjacent equities, directly hitting Coinbase’s core trading-revenue exposure. Crypto market in free fall as Bitcoin plunges
Negative Sentiment: Bearish options activity — unusually large put buying (≈524k puts, ~113% above average) signals heavy downside hedging/speculation, which can accelerate selling pressure in the underlying shares.
Negative Sentiment: Institutional outflows signal — the “Coinbase premium” has fallen to yearly lows, a metric suggesting U.S. institutional selling of Bitcoin, which tends to reduce fee-generating volume for Coinbase. Coinbase premium hits yearly low…
Negative Sentiment: Regulatory/legal risk — Nevada gaming regulators have filed a civil enforcement action accusing Coinbase of offering unlicensed wagering-style contracts in the state, creating a legal overhang and potential fines/limitations in a new product area. Nevada Files Civil Enforcement Action…
Negative Sentiment: Earnings uncertainty — analysts expect flat Q4 revenue vs. last year and previews flag a likely decline in earnings, so the Feb. 12 report is a near-term catalyst that investors fear may disappoint. COIN Stock Falls 8% with Investors Eyeing Flat Revenue for Q4

About Coinbase Global

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Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.