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Coinbase Global, Inc. (COIN) Q1 2023 Earnings Call Transcript

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Coinbase Global, Inc. (NASDAQ:COIN) Q1 2023 Earnings Conference Call May 4, 2023 5:30 PM ET

Company Participants

Anil Gupta – VP, IR

Brian Armstrong – Co-Founder, Chairman & CEO

Alesia Haas – CFO

Paul Grewal – Chief Legal Officer & Corporate Secretary

Conference Call Participants

Benjamin Budish – Barclays

John Todaro – Needham & Company

Rich Repetto – Piper Sandler

Lisa Ellis – MoffettNathanson

Kenneth Worthington – JPMorgan

Bo Pei – U.S. Tiger Securities.

Devin Ryan – JMP Securities

Joseph Vafi – Canaccord Genuity


Good afternoon. My name is Christie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase First Quarter 2023 Earnings Call. All lines have been on mute to prevent any background noise. After speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Anil Gupta, Vice President, Investor Relations. You may begin your conference.

Anil Gupta

Thank you. Good afternoon, and welcome to the Coinbase first quarter 2023 earnings call. Joining me on today’s call are Brian Armstrong, Co-Founder and CEO; Emilie Choi, President and COO; Alesia Haas, CFO; and Paul Grewal, Chief Legal Officer. I hope you’ve all had the opportunity to read our shareholder letter, which was published on our Investor Relations website earlier today.

Before we get started, I’d like to remind you that during today’s call, we may make forward-looking statements. Actual results may vary materially from today’s statements. Information concerning risks, uncertainties and other factors that could cause these results to differ is included in our SEC filings.

Our discussion today will also include references to certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in the shareholder letter on our Investor Relations website. Non-GAAP financial

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