Who Owns Coinbase?
Updated onExplore the ownership hierarchy of Coinbase. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Coinbase is a U.S.-based cryptocurrency exchange and financial-services platform that lets individuals, institutions, and developers buy, sell, custody, earn, and build with digital assets and onchain applications.
Starts at $4.99 / monthly
Coinbase Global, Inc.
Coinbase Global, Inc. is a publicly traded American company that operates a leading cryptocurrency exchange and related financial and blockchain infrastructure services for individuals and institutions worldwide.
Starts at $0
Coinbase is a U.S.-based cryptocurrency exchange and financial-services platform that lets individuals, institutions, and developers buy, sell, custody, earn, and build with digital assets and onchain applications.
Starts at $4.99 / monthly
Coinbase Global, Inc.
Coinbase Global, Inc. is a publicly traded American company that operates a leading cryptocurrency exchange and related financial and blockchain infrastructure services for individuals and institutions worldwide.
Starts at $0
Major Shareholders
Coinbase
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Brian Armstrong Co‑founder, Chairman & CEO of Coinbase Global, Inc. A Schedule 13G amendment filed Nov 14, 2024 reports Brian Armstrong beneficially owning about 34.6M Coinbase shares, or ~14.6% of outstanding common stock. Subsequent Form 4 filings in 2025 show additional sales and conversions but he remains a 10%+ beneficial owner holding primarily Class B super‑voting shares; together with co‑founder Fred Ehrsam and related Armstrong/Ehrsam trusts he was part of a group controlling roughly 78.4% of total voting power as of Oct 31, 2025. | Founder | 14.6% | Nov 2024 |
Fred Ehrsam (Frederick Ernest Ehrsam III) Co‑founder and director. A Schedule 13G amendment filed Nov 13, 2024 reports Fred Ehrsam beneficially owning about 16.8M Coinbase shares, or ~7.6% of outstanding common stock, largely in Class B super‑voting shares and related trusts. He is one of the “Consenting Stockholders” who, together with Brian Armstrong and their respective trusts, collectively held about 78.4% of Coinbase’s total voting power as of Oct 31, 2025, despite a series of partial share sales disclosed in Form 4 filings. | Founder | 7.6% | Nov 2024 |
The Vanguard Group, Inc. Large U.S. asset manager and Coinbase’s biggest outside institutional shareholder. A Schedule 13G filing dated Nov 12, 2024 shows Vanguard Group beneficially owning about 18.3M Coinbase shares, or ~9.0% of the company. Later institutional‑holdings data from Nasdaq and MarketScreener in 2025 show Vanguard’s position increasing to roughly 24M–26M shares, implying a low‑double‑digit percentage of outstanding stock. | Institutional | 9.0% | Nov 2024 |
BlackRock, Inc. Global asset manager. A Schedule 13G filing dated Nov 12, 2024 reports BlackRock beneficially owning about 11.47M Coinbase shares, or ~5.7% of outstanding common stock. Subsequent institutional‑ownership snapshots in 2025 (Quiver/Nasdaq and MarketScreener) show BlackRock and its affiliates holding roughly 15–16M shares, corresponding to a stake in the high‑single‑digit percentage range. | Institutional | 5.7% | Nov 2024 |
ARK Investment Management LLC Thematic ETF manager focused on innovation and crypto‑exposed equities. A Schedule 13G filed Feb 10, 2023 shows ARK Investment Management beneficially owning 9.19M Coinbase shares as of Dec 31, 2022, representing about 5.1% of the company at that time. More recent institutional‑holding data in 2025 indicate that ARK has since reduced its position to well below the 5% threshold but remains a notable shareholder with several million shares. | Institutional | 5.1% | Dec 2022 |
State Street Corporation Major U.S. custody bank and index‑fund provider. MarketScreener and other institutional‑ownership datasets for 2025 list State Street (and its investment‑management affiliates) holding about 9.3M Coinbase shares, corresponding to roughly 4.1–4.4% of outstanding common stock, making it one of the top passive institutional holders after Vanguard and BlackRock. | Institutional | 4.3% | Sep 2025 |
Coinbase Global, Inc.
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Brian Armstrong Co‑founder and CEO of Coinbase. Bloomberg’s 2025 Billionaires Index, drawing on the 2025 proxy statement and July 2024 Form 4 filings, estimates his economic stake at roughly 14% of Coinbase’s shares; earlier analyses of Coinbase’s dual‑class structure show that his super‑voting Class B shares give him effective majority control, with ~58–59% of total voting power. | Founder | 14.0% | 58.5% | Nov 2025 |
The Vanguard Group, Inc. Largest institutional shareholder. June 30, 2025 ownership analyses based on 13F data show Vanguard holding about 24.2 million Coinbase shares, approximately 9.4% of shares outstanding. | Institutional | 9.4% | — | Jun 2025 |
BlackRock, Inc. Major global asset manager and one of Coinbase’s largest institutional owners. As of June 30, 2025, BlackRock held roughly 15.0 million shares, or about 5.8% of Coinbase’s outstanding stock. | Institutional | 5.8% | — | Jun 2025 |
Marc L. Andreessen Venture capitalist (co‑founder of Andreessen Horowitz) and Coinbase director. Aggregated ownership data for late 2025 show him holding about 15.2 million Coinbase shares, around 5.6% of the company. | Individual | 5.6% | — | — |
Frederick Ernest (Fred) Ehrsam III Co‑founder and director. Forbes’ 2025 profile estimates he still owns about 4% of Coinbase’s stock; earlier analyses of Coinbase’s dual‑class structure attribute roughly 25% of total voting power to him via Class B super‑voting shares. | Founder | 4.0% | 25.4% | Dec 2025 |
State Street Corp. (incl. State Street Global Advisors) Large index and ETF provider. Mid‑2025 institutional‑ownership summaries based on 13F filings show State Street entities holding about 8.7–9.3 million Coinbase shares, approximately 3–4% of shares outstanding; here rounded to ~3.4% per June 30, 2025 breakdowns. | Institutional | 3.4% | — | Jun 2025 |
Geode Capital Management, LLC Institutional asset manager (sub‑advisor to certain Vanguard index funds). As of June 30, 2025, held roughly 5.6 million Coinbase shares, around 2.2% of shares outstanding. | Institutional | 2.2% | — | Jun 2025 |
Frederick R. (Fred) Wilson Venture capitalist (Union Square Ventures co‑founder) and Coinbase director. Late‑2025 ownership aggregators show him beneficially owning about 4.4 million Coinbase shares, roughly 1.6% of the company. | Individual | 1.6% | — | — |
Paradigm Operations LP Crypto‑focused investment firm co‑founded by Fred Ehrsam. Institutional‑ownership data as of June 30, 2025 indicate a stake of about 4.1 million Coinbase shares, approximately 1.6% of shares outstanding. | Institutional | 1.6% | — | Jun 2025 |
FMR LLC (Fidelity Investments) Major asset manager. June 30, 2025 institutional‑ownership breakdowns show Fidelity’s FMR LLC holding roughly 3.9–4.2 million Coinbase shares, or about 1.5% of the company. | Institutional | 1.5% | — | Jun 2025 |
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