Coinbase Closes at $164.45 Ahead of Week of Rate Decisions and Third-Quarter Results
Key Facts
Markets are focused this week on meetings of major central banks and Coinbase’s third-quarter results, in a schedule running from October 27 to 30, 2026. The Federal Reserve’s Federal Open Market Committee begins its meeting on October 27 and 28, with a press conference on the second day, according to the Fed’s schedule. On October 29, the European Central Bank will publish its monetary policy decisions at 14:15 Central European Time, followed by a press conference at 14:45. The Bank of Japan meets on October 29 and 30, according to its schedule. Coinbase’s results, due after the market closes on October 29, coincide with the ECB decision and the start of the Bank of Japan meeting.
At its previous meeting, the Fed raised its target rate range by a quarter percentage point to 3.75%-4% on September 16, approving the decision by a 12-0 vote, according to the bank’s statement. The statement said economic activity was expanding at a solid pace and inflation remained elevated. The ECB, meanwhile, raised all three key interest rates by 25 basis points in September. The deposit rate became 2.50%, the main refinancing rate 2.65%, and the marginal lending rate 2.90%, with the new levels effective from September 16. Those earlier decisions provide the immediate context for the upcoming meetings, while the available information does not include the outcome of the coming meeting.
The ECB linked its September projections to the path of inflation and growth in the euro area over the coming years. The bank’s staff projected average headline inflation of 3.0% in 2026, 2.5% in 2027 and 2.1% in 2028. The projections put regional economic growth at 0.9% in 2026, then 1.4% in 2027 and 1.5% in 2028. The bank said inflation risks were tilted to the upside, while growth risks were tilted to the downside. It said it follows a data-dependent approach and makes decisions meeting by meeting, without committing to a specific rate path.
In markets, Coinbase shares closed at $164.45 on October 23, according to EL7 data. The stock had closed at $177.08 on October 21, meaning the closing price fell between the two dates. The available data do not support an intraday price range for October 23. In global markets, the MSCI World Index was slightly higher during Monday’s session on October 26, after losing about 1% in the previous week, according to a Reuters report. The Stoxx 600 rose 0.4% in the same session.
Coinbase will report its third-quarter financial results after the market closes on Thursday, October 29, according to an investor relations announcement from the company. It also scheduled a live question-and-answer session on X for the same day at 14:00 Pacific Time. CoinDesk cited an estimate of a loss of $0.10 per share in the third quarter; this was an estimate published before the results announcement, not an actual result. Coinbase describes its business as serving individuals through its financial apps, institutions through Coinbase Prime, and developers through its developer platform. The results announcement comes in a week when the ECB and Bank of Japan meetings are close together, while the Fed holds its press conference on October 28.
After the October meetings, the Fed scheduled its next meeting for December 8 and 9, 2026. The ECB Governing Council will also hold its next monetary policy meeting on December 16 and 17 in Frankfurt. On market expectations reported by CoinDesk, an MEXC official said traders were focusing more on the Fed chair’s messages about the December meeting than on the rate decision itself. The official added that a rate hold was priced into expectations. The assessment comes as investors watch for what the Fed chair will say about the next meeting, alongside the October decision and press conference.