Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said on Sunday that retail users on the cryptocurrency exchange showed strong resilience in the ongoing market downturn, steadily purchasing Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) during the dips.

Armstrong highlighted on X a rise in native Bitcoin and Ethereum units held by retail users on the platform.

“They’ve been buying the dip,” he stated. “They have diamond hands – vast majority of customers had native unit balances in Feb equal to or greater than their balances in December.”

It’s worth noting that Google search interest for Bitcoin reached a 5-month high in February, aligning with the top cryptocurrency’s steep drop toward $60,000.

Additionally, Binance retail traders in derivatives showed strong Bitcoin optimism, with a Long/Short ratio of 1.90, according to Coinglass.

Another key on-chain metric is Bitcoin Exchange Reserve. Notice how they spiked sharply before Bitcoin’s sell-off, then steadily dropped, indicating that investors are withdrawing coins for long-term HODLing.

Coinbase’s fourth-quarter revenue for 2025 hit $1.78 billion, missing analyst estimates, but EPS came in strong at $0.66, beating forecasts. Full-year revenue reached $7.2 billion, a 9% increase from last year.

During the earnings call, Armstrong stated that the company has the ability to launch its own prediction market business, beyond serving as a retail distributor for platforms like Kalshi.

Price Action: Coinbase shares closed 16.46% higher at $164.32 during Friday’s regular trading session, according to Benzinga Pro.

COIN stock maintains a weaker price trend in the short, medium, and long term, with an average Value ranking, according to Benzinga’s Edge Stock Rankings.

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