On this page of Benford's Law Stocks.com we present our study of Coinbase Global Inc. — ticker symbol COIN. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/13/2021 to 5/8/2025 for Coinbase Global Inc. under CIK number 0001679788. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for COIN, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Coinbase Global Inc. based on the past COIN filings our system processed in the past.
25.9
21.0
10.7
8.9
8.5
9.6
5.7
5.3
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, COIN stockholder letter ]
Total numbers found: 738
Recent share count: 211,207,919 (2's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
738
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 7 numbers to move any given column by a full percentage point.
79

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was above the typical coverage universe range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 6's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
COIN
Normal score compared to other filers, falling within the middle 50%.
CDW
CFFI
DWSN
FA
CENX
CNOB
CVGI
ETON
Check our work! We provide our Coinbase Global Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the COIN filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 191 numbers that start with the digit 1. Here they are:
1,241,808
151,977
17,453,788
18,112,653
1,268,001
1,552,995
1,153,621
1,139,670
11,262,766
12,265,109
10,000,000
10,468,240
10,276,842
1,960,319
1,587,677
1,637,570
1,328,489
19,071
1,437,424
16,848
1,176,245
1,175,479
1,178,079
1,176,245
1,169,019
10,276,842
100,303
100,303
10,840
10,840
10,468,240
1,820,346
117,225
117,225
104,110
104,110
1,176,245
1,176,245
1,176,245
190,729
1,126,502
182,727
148,083
135
10,622
15,400
125,681
100,303
117,225
1,246,025
104,110
132,879
18,323
1,927,721
1,308,182
1,655
14,610,442
13,303,915
11,747,787
135.5
1,095,506
1,262,208
1,076,741
197,317
196,592
150,929
140,898
1,960,319
1,587,677
1,637,570
1,705,652
1,353,450
1,637,570
19,574
168,795
10
10
100
111,445
146,200
178,619
196,907
175,789
1,923
191,986
179,480
17,413
18,239
18,701
181,538
19,133
15,186
16,518
14,526
13,245
112,876
125,525
169,380
10
137,334
115,700
1,239,259
1,268,001
1,552,995
1,273,013
1,265,089
1,248,189
1,000,000
1,265,000
18,415
1,246,585
1,170,252
1,273,013
1,263,618
1,331,062
1,000,000
1,265,000
19,322
1,245,678
1,353,044
1,654
137,896
19,760
159,044
146,161
16,264
1,811
160,569
18,030
108,665
152,106
117,266
15,249
12,074
188,825
109,562
183,506
151,977
186,151
145,369
127,597
150,276
1,415
1,268,001
1,552,995
159,044
108,665
11,684,508
13,542,160
146,161
1.9
1.9
120.7
145.8
113.11
17,592
17,592
17.3
163.82
113.75
166
105
108,092
139,830
14,905
16,623
190,729
16,565
11,065
13,186
18,348
18.2
1,176,245
1,175,479
1,176,245
1,178,079
15,823
18,534
1,828
15,317
1.4
1.1
1,035,421
10,443
108,802
12,385
1,126,502
13,303,915
11,747,787
191,436
171,542
We found 155 numbers that start with the digit 2. Here they are:
211,407,406
2,225,054
235,433
261,052
245,112
265,251
277,536
21,731,006
22,541,951
272,608
210,960
209,762
2
2
21,731,006
22,541,951
2,034,295
217,407
247,283
287,236
2,376
20,511
261,179
26
24
253,878
242,793
271,251
267,945
253,640
2
207,294
207,294
254,590
2
242,048
2
2,324
235,569
235,569
245,371
2
29,327
224,504
214,361
22,163
277,922
248,055
254,600
231,653
231,895
225,230
2,213,525
21,186
231.6
297,535
2,034,295
284,120
2,034,295
24,641
244,748
288,601
2,130
22,725
26,126
23,583
297,091
235,433
275,900
261,052
2,200
202,963
2,178
213,096
203,370
28,937
28,141
272,608
2.6
2.4
28,280
24,993
21,843
27,122
21,984
272,439
294,680
27,327
29,429
245,112
265,251
272,164
250,229
260,674
252,738
25
25
28,814
272,608
25,100
2,312
20,368
2,149
243,296
2,708
255,915
201,106
277,536
218,445
200,080
223,019
204,390
2,802
235,433
261,052
200,897
201,284
255,915
2.0
22,929
25.59
26.57
22,499
25.44
25.99
2,590,282
25.99
2,590,282
2,350
268.16
201.77
235
205.56
227.56
224,504
21,683
2,853
25,526
20.4
20.4
21.0
2,531
253,878
242,793
221
271,251
267,945
26
24
2.7
299,507
21,260
29,163
286,475
2.9
We found 79 numbers that start with the digit 3. Here they are:
38,519
300,110
303,026
355,368
357,863
394,346
34,365
328
396
30,270
37,496
3,558,080
33,333
34,365
340,296
31.0
328,643
393,046
382,751
300
31,306
30,280
33,130
38,345
33,020
334,505
310,040
300,110
300,897
329,832
302
31,910
3,990
31,657
36,941
34,038
39,317
314,167
385,314
347,827
3.57
3.63
3.77
38,380
3,947,892
3.38
3.57
3.63
3.77
38,984
334,506
34,821
310,040
300,110
37,428
33,322
36,653
374,161
33,550
33,135
3,919
3,359,413
37.1
396
34
3,320,324
340
3,062
380
336
309
327.5
327.5
3.6
3.1
3,856
33,499
3,051
36,092
4's 5's 6's
We found 66 numbers that start with the digit 4. Here they are:
43,297,558
454,473
475,370
4,237,090
4,234,081
43,630
43,878
42,092
4,960,901
49,893
45,605
4.84
4.40
4,960,901
42,092
4,491,571
44,603
44,603
4,550,408
474,002
411,485
416,405
49,676
49,893
49,893
41,853
454,473
475,370
419,448
414,745
43,397
45,222
41,405
46,393
4,009
4,768
406,727
47.7
4,275,470
4,237,090
4,275,470
41,389
4,234,081
4,210,351
4,299
48,856
417,259
46,599
46,804
4,269,410
41,853
4,399
45,605
4,145
4.84
4.40
404.0
404.0
44.0
41,862
41,613
474,002
495,237
424,248
465,262
440,796
We found 63 numbers that start with the digit 5. Here they are:
55,672
5,369,865
597,548
5,369,865
500,000
500,000
5,483,821
5,365,990
50,051
5,026,509
5,899
596,651
59
5,365,990
50,051
554
5,483,821
5,026,509
561,489
561,489
54,540
596,651
51,659
56,137
510,936
542,555
54,993
508,508
597,548
521,597
55,151
57,989
52,725
57
5,473
51,871
518,365
524,943
50
55
5,903
50
55
508,508
597,548
526,337
51,968
5,762
5,530
597,548
52.9
5,106,538
55.42
55.42
55.42
5,219
55,554
55,672
5,197,074
5,002,888
590,690
561,489
5,528
We found 71 numbers that start with the digit 6. Here they are:
6,158,949
67,485
6,158,949
628,854
662,042
690,136
6,933,369
650,429
6,188
65,608
65,608
65,608
65,608
6,898
65,608
65,608
6,281,649
65,608
650,429
64,325
645,938
62.9
67,814
63,086
66,663
698,111
62,732
6,587
6,918
647,568
628,854
64,760
65,213
68,803
63,720
69,280
67,485
6,885
642,738
6,138
623,151
6,562
6,110
624,995
63,499
63,552
61,304
6,814
60,554
60,004
62,515
63,316
662,042
690,136
6,153,826
6,607,023
67,485
643
64.51
6,572
67,732
68,051
6,893
6,188
65,608
65,608
65,608
697
65,608
6.9
6,711,400
7's 8's 9's
We found 42 numbers that start with the digit 7. Here they are:
767,484
795,335
792,125
7,941,320
73,976
705,806
760,461
7,959
7,226
73,567
7,959
7,959
7,226
7,226
77,629
73,976
73,976
767,484
792,125
74,058
7,814
79,891
765,034
7,924
737,457
731,554
737,457
731,347
7,652
767,484
795,335
7,257
767,484
724
766
7,229
7.0
779,893
797,722
730,895
766,183
77,451
We found 39 numbers that start with the digit 8. Here they are:
8,051,169
8,543,903
82,781
860,067
89,708
86,358
877,109
82,456
8,018
8,070,994
86,358
818,487
893,802
88.2
85,392
89,060
8,065
8,471
85,149
8,142
82,781
85,983
880,665
8,100
88,500
83,660
81,151
860,067
85,050
85,789
89,708
82,781
847
81
8,088
8,260
8,260
82,190
8,051,169
We found 32 numbers that start with the digit 9. Here they are:
995,529
941,298
92,307
98,585
999
9,555,448
935,212
98,888
96,027
92,619
98,787
9,058
96,054
9,267
98
993,862
906,300
98
9,395
993,438
901,250
99,265
95,914
98,635
90,910
92,307
92,619
98.49
905,359
995.5
941.3
949
While the above COIN 10Q Filed 5/8/2025 is interesting in isolation, we have found that it is also useful to take a look at older Coinbase Global Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 5/8/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical COIN 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

25.9
21.0
10.7
8.9
8.5
9.6
5.7
5.3
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL?   [ original filing ]
Total numbers found: 738

= Typical COIN range from 5/13/2021 to 5/8/2025
29.1
19.8
13.7
11.4
6.3
5.4
5.9
4.5
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 1,165

= Typical COIN range from 5/13/2021 to 5/8/2025
28.1
20.3
11.3
9.9
9.8
5.8
5.2
5.1
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,366

= Typical COIN range from 5/13/2021 to 5/8/2025
28.0
17.8
15.9
8.9
8.0
6.3
5.0
5.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL?   [ original filing ]
Total numbers found: 1,469

= Typical COIN range from 5/13/2021 to 5/8/2025
28.7
20.0
12.7
11.3
7.0
4.7
5.7
4.4
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 825

= Typical COIN range from 5/13/2021 to 5/8/2025
31.7
17.2
13.4
8.7
9.1
6.5
4.4
5.2
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 1,007

= Typical COIN range from 5/13/2021 to 5/8/2025
28.6
20.1
14.1
8.2
7.2
6.6
4.6
5.1
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 1,385

= Typical COIN range from 5/13/2021 to 5/8/2025
28.3
18.2
13.8
11.7
7.3
5.5
7.0
4.6
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 892

= Typical COIN range from 5/13/2021 to 5/8/2025
31.2
16.6
12.7
11.6
6.1
5.8
5.3
6.3
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 1,326

= Typical COIN range from 5/13/2021 to 5/8/2025
28.4
20.6
13.1
10.4
8.4
5.6
5.0
2.9
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 1,221

= Typical COIN range from 5/13/2021 to 5/8/2025
27.5
17.1
15.7
9.6
9.2
6.7
4.5
4.7
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 1,289

= Typical COIN range from 5/13/2021 to 5/8/2025
27.1
17.7
15.5
9.3
8.4
5.8
5.8
7.0
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 787

= Typical COIN range from 5/13/2021 to 5/8/2025
29.3
21.3
12.2
9.8
8.1
5.8
5.8
4.1
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,121

= Typical COIN range from 5/13/2021 to 5/8/2025
28.4
18.8
14.5
10.6
7.9
5.8
4.2
4.8
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL?   [ original filing ]
Total numbers found: 1,503

= Typical COIN range from 5/13/2021 to 5/8/2025
29.2
17.8
11.9
11.2
7.9
5.4
6.0
6.0
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,002

= Typical COIN range from 5/13/2021 to 5/8/2025
32.7
16.8
12.7
9.8
7.2
5.8
4.6
5.2
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,166

= Typical COIN range from 5/13/2021 to 5/8/2025
28.6
22.2
12.8
9.6
8.1
6.2
4.2
5.4
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,105

= Typical COIN range from 5/13/2021 to 5/8/2025
 

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