CRCL 10-KMar 9 '26
“For the years ended December 31, 2025 and 2024, we incurred $1.4 billion and $924.5 million respectively, of distribution costs in connection with our agreements with Coinbase.”
AXP 10-KFeb 6 '26
“offering access to payment technologies, marketing solutions and brand assets for cards issued by third-party banks, financial technology companies and other institutions on the American Express network (e.g., cards offered by Coinbase and Credit Saison);”