Coinbase: taxes, safety and news
ExchangeThe largest US-listed crypto exchange, licensed in New York under a BitLicense and publicly traded since 2021.
Which tax forms does Coinbase send?
Coinbase sends these IRS forms to US customers. The IRS gets a copy of each one.
- Form 1099-DA for sales and exchanges of crypto (from tax year 2025)
- Form 1099-MISC if you earn $600 or more in rewards, such as staking or USDC rewards
Taxes & IRS forms
- Coinbase Taxes and Form 1099-DA: What Coinbase Reports to the IRSCoinbase reports your crypto sales on Form 1099-DA and rewards over $600 on Form 1099-MISC. What each form shows, why cost basis may be missing, and how to report it.
- Form 1099-DA Explained: What Your Crypto Exchange Reports to the IRSForm 1099-DA is the IRS form US crypto brokers use to report your sales. For 2025 it shows proceeds only; from 2026 it adds cost basis for crypto bought on the same exchange.
Coinbase in the news
- SEC puts exchange-broker ties and Trump Accounts under the microscope
- Coinbase wins CFTC approval to clear US crypto derivatives
- Aave weighs Coinbase B20 equities as Base collateral
- Coinbase restricts WMTX-USD pair amid wider service disruptions
- Coinbase implements fix for delayed HBAR transfers following Hedera upgrade
- GameStop’s $1.4B Debt-for-Equity Swap Cuts Note Principal by a Third — While Its Entire Bitcoin Hoard Sits Pledged at Coinbase
- BlackRock, Coinbase, and Strategy Lead $15M Bitcoin Security Consortium Targeting Quantum Threats
- Mubadala Capital Goes Onchain: $75M Tokenized Private Fund Live Across Base, Solana, and Sui
- Coinbase Launches Tool Letting AI Agents Pay Businesses Directly in USDC
- Robinhood Chain Beats Coinbase’s Base on Daily Active Users in Three Weeks — But Memecoins, Not Stock Tokens, Drive the Surge
- Coinbase Wins $150K and SEC Record-Keeping Reforms After Agency Admits Destroying Gensler’s Texts
- Coinbase CEO Armstrong Admits Base ‘Messed Up’ on Content Coins, Defends AI Agent Pivot
- Base Creator Jesse Pollak Admits ‘Definitively Wrong’ Social Bet, Steps Back From App Leadership
- DTCC Goes Live With Tokenized-Securities Trades as 50-Plus Firms Including BlackRock and Goldman Sachs Join
- Velocity Raises $38M Series A to Build Enterprise Stablecoin Treasury Rails, Backed by Dragonfly and Coinbase Ventures
- US Government Moves $288M in Seized Bitcoin and Ether to Coinbase Prime Amid Extreme Fear
- Kraken Launches AI Investment Advisor Inside App, Targeting Personalised Crypto Trading Plans
- Paul Grewal Steps Down as Coinbase CLO After Six Years — Molly Abraham Named General Counsel Ahead of CLARITY Act Vote
- Coinbase Wins FCA MiFID Licence for UK Stocks and Derivatives — Its Biggest Expansion Yet — While SEC Still Drafts Crypto Rules
- Base Activates B20 Token Standard on Mainnet, Embedding Compliance at the Protocol Layer for Stablecoins and RWAs
- ARK Invest Dropped $77M on Crypto Stocks During Bitcoin’s Worst Month in Four Years — But Is It Less Risk or More?
- Moonbeam Ditches Polkadot for Coinbase’s Base, Sets July 31 Deadline for GLMR Token Migration
Coinbase FAQ
Does Coinbase report to the IRS?
Yes. Coinbase issues IRS tax forms to US customers, including form 1099-da for sales and exchanges of crypto (from tax year 2025); and form 1099-misc if you earn $600 or more in rewards, such as staking or usdc rewards. The IRS receives a copy, so the activity on those forms needs to appear on your tax return.
Will my Coinbase 1099-DA show cost basis?
Only for crypto bought on Coinbase on or after January 1, 2026 and held there until you sold it. For crypto bought before 2026 or transferred in from another wallet or exchange, Coinbase is not required to report cost basis, and you must calculate it yourself.
Where is Coinbase based?
Coinbase is registered in United States according to CoinGecko's exchange data and has operated since 2012.
Is Coinbase a public company?
Yes. Coinbase is listed on Nasdaq: COIN (since 2021), which means it publishes audited financial statements and is overseen by securities regulators.