82% probability Coinbase Q2 2026 Subscription & Services revenue meets or exceeds $565M — the low end of the company's own $565-645M Q2 guidance from the Q1 2026 shareholder letter. Resolves on the Q2 2026 earnings print (date TBC, ~early Aug 2026).
Coinbase Q1 2026 shareholder letter: Q2 2026 Subscription & Services revenue guidance $565-645M; floor = $565M. Subscription & Services includes interest income on USDC reserves, stablecoin revenue, blockchain rewards, and custody fees. Source: Coinbase Q2 2026 shareholder letter / 8-K (SEC EDGAR). Resolution: the Q2 2026 earnings print (date TBC, ~early Aug 2026 — follow Coinbase IR for confirmation); resolves on the actual print date, not a fixed calendar date.
We lock a binary claim: Coinbase Q2 2026 Subscription & Services revenue (as reported in the Q2 2026 shareholder letter / 8-K, SEC EDGAR) meets or exceeds $565,000,000 — the low end of Coinbase's own $565-645M Q2 guidance from the Q1 2026 shareholder letter. Confidence 82%. Resolves on the Coinbase Q2 2026 earnings print (date TBC, ~early Aug 2026); resolution is tied to the print date, not a fixed calendar date.
Coinbase's Q1 2026 shareholder letter guided Q2 2026 Subscription & Services revenue at $565-645M. This segment includes USDC reserve interest income, stablecoin revenue, blockchain rewards, and custody fees — components with relatively high revenue visibility compared to transaction fee revenue. The $565M floor is management's own stated minimum. Confidence is 82% — not higher — because a sharp USDC circulation contraction or crypto market seizure could compress interest income. Resolution: Coinbase Q2 2026 shareholder letter / 8-K on SEC EDGAR, on the Q2 2026 earnings print date (~early Aug 2026 — follow Coinbase IR for exact scheduling).
RAOSCAFF locks P-69 on 2026-06-21. Resolution is tied to the actual Q2 2026 earnings print date (~early Aug 2026, TBC); not a fixed calendar date to avoid a scheduling-shift false miss.
Resolution date is the actual Q2 2026 earnings print; ~early Aug 2026 is an estimate — follow Coinbase IR for confirmation.