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Welcome to the Coinbase Q1 2026 Earnings Call. Before we get into the good stuff, some disclaimers. During today's call, we may make forward-looking statements that may vary materially from our actual results. Please refer to our SEC filings and this slide of the presentation for more information concerning risks, uncertainties and other factors that could cause these results to differ.

In addition, our discussion today will include certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in the earnings presentation on our Investor Relations website.

Alesia Haas
Chief Financial Officer

Hello, everyone, and welcome to our Q1 2026 earnings call. My name is Alesia Haas, and I'm the Chief Financial Officer of Coinbase. You may see a new face on this call with us today, right over there. I want to introduce you all to Shan Aggarwal. Shan is our Chief Business Officer, and he's our newest Head of Investor Relations. You're going to see a lot more of him. But I want to tell you a story about Shan. Shan is our OG, Head of IR. Shan led our Series E fundraise back in 2018. He was my right hand as we went public in 2021, and I could not be more delighted to introduce him to his first company earnings call and bring him back to this new set of investors that we have with us today. So welcome, Shan. And I'm going to turn it over to him, and he's going to walk us through our agenda and what to expect on our earnings call today.