It’s earnings day. 2025 was a strong year for Coinbase, and we built a solid foundation for continued growth in 2026. Our thesis is actually very simple: crypto is updating all financial services, and we're the best positioned company to capitalize on this transformation. Some highlights: - Total trading volume grew 156% Y/Y and our crypto trading market share doubled in 2025 - Assets on Coinbase increased 3x over the last 3 years - We now have 12 products generating >$100M of revenue on an annualized basis - New all time highs in USDC and Coinbase One Onwards(Brian Armstrong)