Coinbase oznámila, že vyřešila spor se SEC na základě zákona FOIA kvůli chybějícím zprávám. SEC má zaplatit 150 000 USD a upravit své zásady uchovávání záznamů.
The Coinbase logo is seen in this illustration created on November 3, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 22 (Reuters) - Coinbase (COIN.O), opens new tab has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange's chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday.
Grewal said the agency, which polices corporate record-keeping, had lost text messages between former Chair Gary Gensler and other officials after a process the SEC said "automatically wiped" certain data.
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As part of the settlement, the SEC will pay $150,000 and fix its record-retention policies, he wrote.
SEC did not immediately respond to a Reuters request for comment.
Coinbase sued the SEC and the Federal Deposit Insurance Corp. in 2024, seeking documents it said would show a concerted effort by U.S. regulators to stamp out crypto companies.
The lawsuit sought additional communications from senior SEC officials, including Gensler.
Coinbase has scored major wins from the SEC under U.S. President Donald Trump, including the dismissal of a major lawsuit the regulator brought against the company under President Joe Biden.
It also championed a stablecoin bill passed by the U.S. Congress.
Reuters has reported that the SEC is preparing more industry-friendly policies, including one that would allow crypto companies to offer blockchain-based stocks.
Reporting by Hannah Lang in New York and Utkarsh Shetti in Bengaluru; Editing by Tasim Zahid
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Investment firm William Blair recently cut its estimates for Coinbase (COIN +8.31%), the largest U.S. cryptocurrency exchange. Interestingly, it also reiterated an outperform rating for Coinbase, suggested that clients stay invested, and advised that the crypto market could be near its bottom.
Coinbase stock has plummeted over the last year, from an all-time high of $445 on July 17, 2025, to $157 as of July 17, 2026. Here are the details on William Blair's analysis and whether this is a good buying opportunity for Coinbase.
Image source: The Motley Fool.
William Blair's outlook on Coinbase and the crypto market William Blair reduced annual revenue estimates for Coinbase by 12% in 2026 and 13% in 2027. It also cut its EBITDA (earnings before interest, taxes, depreciation, and amortization) estimates by 34% for both years, and it expects Coinbase's trading volume to fall 44% to $669 billion in 2026.
These predictions make sense when you consider Coinbase's dependence on the crypto market and how the bear market has already affected it. Coinbase reported revenue of $1.4 billion in Q1 2026, a 31% year-over-year decrease. The crypto exchange also had a net loss of $394 million that quarter, compared to net income of $66 million in Q1 2025.
As a crypto exchange, Coinbase makes a large portion of its revenue (54% in Q1 2026) from transaction fees. During bear markets, enthusiasm for crypto fades, fewer people want to buy, and trading activity drops.
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William Blair remains bullish on Coinbase for a few reasons. It believes that the crypto bear market is close to a bottom with Bitcoin prices stabilizing, and that trading volumes will rebound by 32% in 2027. The firm also sees the current situation much differently than the lengthy bear market that started in 2022, with Bitcoin ETFs, institutional adoption, and the regulatory environment all potentially helping the market recover more quickly.
Although Coinbase makes money from trading fees, it has developed additional revenue streams. It now offers tokenized real-world assets (RWAs), prediction markets, and retail derivatives, all of which could make it a more resilient investment.
This could be a good buy-the-dip opportunity for Coinbase stock, although I'd take a cautious approach. While Coinbase has branched out, trading fees are still its bread and butter. It'll likely continue to perform best during bull markets when investors are excited about cryptocurrency and trading activity is high. During bear markets, it will probably keep underperforming.
When the crypto market rebounds, Coinbase should rise with it, but there's no way to be sure when that will happen. Previous bear markets have lasted for years, so investors should take predictions that we're near the bottom with a grain of salt. The safest approach is to keep your crypto allocation, including cryptocurrencies and crypto stocks, to a small portion of your investment portfolio.
Kalshi očekává, že Coinbase ve druhém čtvrtletí vykáže třetí pokles obchodních objemů v řadě. Sázkaři navíc vidí jen 25% šanci, že objem překročí 170 miliard USD.
As bitcoin prices fell yet again in the second quarter, traders on prediction market platform Kalshi think Coinbase's trading volumes suffered once again.
The cryptocurrency trading platform is expected to post a third consecutive quarterly decline of trading volumes, and speculators are also feeling confident that total trading volume will slip below $200 billion for the first time since third quarter 2024.
Traders give a 41% chance that trading volume is above $160 billion, and just a 25% chance it's above $170 billion. That compares to analysts' consensus estimates for $168.5 billion, according to FactSet.
Speculators are more certain volume will be above $150 billion, giving that a 99% chance of happening.
Coinbase is set to deliver its second-quarter earnings report on July 30.
The contract on Kalshi asks traders if Coinbase trading volume will be above various levels, and the outcome is resolved using information from investment research platform Fiscal.ai.
Shares of Coinbase are down more than 55% since bitcoin prices — which are off slightly less than 50% — peaked in October 2025. Coinbase trading volume's previous declines in the first quarter of 2026 and fourth quarter of 2025 came also as Bitcoin prices tumbled over that period.
Coinbase since Oct. 7, 2025.
Bitcoin prices fell again in the second quarter, off about 12%.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
Coinbase se připojila k více než 140členné alianci podporující nový stablecoin OUSD, čímž snižuje závislost na USDC. V roce 2025 jí výnosy ze stablecoinů vzrostly o 48 % na 1,35 miliardy USD.
On June 30, Coinbase (COIN +3.56%) joined a coalition of more than 140 financial, tech, and retail companies to back a new stablecoin called Open USD (OUSD). That move was surprising, since Coinbase was a founding partner for Circle's (CRCL +3.91%) USDC (USDC +0.00%) stablecoin, and it still retains all the interest income from USDC on its own exchange.
But with that crucial revenue-sharing partnership with Circle set to expire on Aug. 18, Coinbase appears interested in supporting other stablecoins, such as OUSD, to reduce its exposure to USDC. That shift already crushed Circle's stock, but what does it mean for Coinbase's stock?
Image source: Getty Images.
Why is Coinbase joining that big coalition? Circle is the only company that mints and manages USDC. Circle also generates most of its revenue by earning interest on the cash and U.S. Treasuries it holds to back the stablecoin. Coinbase and a few other companies get a cut of that interest, known as reserve income.
With OUSD, the entire coalition of companies -- including Coinbase, Visa, Mastercard, Stripe, BlackRock, Alphabet's Google, and Shopify -- will jointly manage the cryptocurrency and split its reserve income. That democratization and decentralization represent a major threat to Circle, but it's bullish for Coinbase.
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Coinbase can renew its revenue-sharing agreement with Circle and continue to support OUSD's planned launch later this year. As one of the world's largest cryptocurrency exchanges, it will profit from the rising adoption of stablecoins, regardless of which token rises to the top.
In 2025, Coinbase's revenue from stablecoins rose 48% year over year to $1.35 billion, accounting for nearly 19% of its top line. If the CLARITY Act is finally signed into law with a favorable outcome for stablecoin yields, that business could grow even faster and reduce Coinbase's dependence on more volatile cryptocurrencies.
What does this alliance mean for Coinbase's stock? In the past, Coinbase's revenue was pinned to the crypto market's boom-and-bust cycles. But if stablecoins are more widely adopted as a faster, cheaper, and more privacy-oriented alternative to U.S. dollars, Coinbase's exposure to those choppy market cycles will decrease.
From 2025 to 2028, analysts expect Coinbase's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to both grow at CAGRs of 4%. Those growth rates might seem weak for a stock that trades at 21 times this year's adjusted EBITDA.
However, those forecasts could rise once interest rates decline, more investors rotate back to cryptocurrencies, and a new crypto summer begins. The approval of stablecoins will amplify those gains. If you expect those tailwinds to kick in and help Coinbase crush analysts' estimates, it could still be a great time to accumulate its out-of-favor stock.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, BlackRock, Mastercard, Shopify, and Visa. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.
Shares of Circle Internet Group and Coinbase Global moved higher on Wednesday after William Blair said many of the key risks facing both companies are already reflected in investor expectations.
The firm also highlighted their potential to benefit from any recovery in Bitcoin prices.
Circle CRCL shares gained more than 3% in midday trading, while Coinbase stock rose nearly 2%.
Bitcoin was trading around $64,900, up about 0.5% over the previous 24 hours after reaching an intraday high of $65,500.
The cryptocurrency continued to struggle to hold above the $65,000 level.
William Blair cuts estimates but remains optimisticWilliam Blair said investors should continue to stay invested in Coinbase as spot trading volumes potentially bottom out, despite lowering its financial estimates for the crypto exchange.
The firm said both Coinbase and Circle offer "outsized leverage to a bitcoin recovery."
William Blair also warned that consensus estimates across the sector are likely to continue falling and revised its own forecasts lower.
The brokerage reduced its 2026 revenue estimate for Coinbase by 12% and its 2027 forecast by 13%. It also lowered EBITDA estimates by 34% for both years.
Despite those reductions, the firm expects profitability to recover after this year, stating that EBITDA "seems set to trough" in the second half of 2026 before rebounding in 2027.
Separately, Piper Sandler lowered its price target on Coinbase to $155 from $170 while maintaining a Neutral rating.
Analyst Patrick Moley said subdued cryptocurrency trading has contrasted with record options activity and the strongest quarter on record for US cash equities trading volumes.
He added that prediction markets and perpetual futures "were the story" of the second quarter, with the FIFA World Cup driving what he described as "massive" growth across the prediction markets industry.
Looking ahead, Moley said investors are paying close attention to "significant investor attention on the perpetual future threat," highlighting increasing competition as more trading activity shifts toward newer products such as perpetual futures.
While analysts updated their outlooks, Cathie Wood's ARK Invest continued to increase its exposure to Circle despite the stock's recent weakness.
ARK purchased another 220,000 Circle shares across three actively managed exchange-traded funds on Tuesday.
Based on Circle's Tuesday closing price of $63.22, the acquisition was valued at approximately $13.9 million.
The latest purchase brings ARK's disclosed Circle purchases during July to 725,517 shares.
The investment firm had previously acquired 287,609 shares on July 1 and 217,896 shares on July 9.
Circle has become a significant holding across ARK's innovation-focused portfolios.
As of Wednesday, the company represented 4.37% of the ARK Fintech Innovation ETF, making it the fund's seventh-largest position with a value of roughly $33 million.
Circle also accounted for 3.35% of the flagship ARK Innovation ETF, ranking as its ninth-largest holding and carrying a value of approximately $218 million.
Despite Wednesday's gains, both stocks remain under pressure this year. Coinbase shares have fallen nearly 30% in 2026, while Circle stock is down almost 20%.
JPMorgan vidí novou dohodu s Hyperliquid jako krátkodobý tlak na zisky Coinbase i Circle. Za důležitější pro investory ale považuje legislativu podporující kryptoměny, kterou prosazuje administrativa Donalda Trumpa.
JPMorgan believes the new Hyperliquid partnership will weigh on earnings for both firms, yet says pro-crypto legislation backed by President Donald Trump‘s administration could ultimately prove to be the more important story for investors.
Hyperliquid Changes The EconomicsCoinbase and Circle announced in May that Hyperliquid would adopt USDC as its preferred stablecoin, a move designed to deepen the token’s presence across one of crypto’s fastest-growing decentralized exchanges.
The catch? JPMorgan says the revised arrangement significantly changes how the two companies split the economics.
Coinbase will now classify USDC held on Hyperliquid as “on-platform,” allowing it to earn reserve income before paying 90% of that revenue back to Hyperliquid. The firm estimates roughly $6 billion of USDC, or about 8% of the circulating supply, now sits on the platform.
The result is a near-term revenue headwind for both companies, prompting JPMorgan to lower earnings estimates. The brokerage now expects the full impact of the revised economics to become more visible during the second half of 2026, alongside a softer crypto trading environment marked by lower volumes, weaker digital asset prices and declining DeFi activity.
The Prisoner’s DilemmaJPMorgan argues the Hyperliquid deal highlights a broader challenge for the Coinbase-Circle partnership.
Rather than simply sharing the benefits of USDC adoption, both companies are incentivized to compete for distribution partners. Winning those relationships could increasingly require giving away a larger share of the economics, creating what the analysts describe as a classic “prisoner’s dilemma.”
In other words, USDC adoption may continue to grow while the value each company captures from that growth gradually shrinks.
Washington May Be The Bigger CatalystThat’s why JPMorgan believes investors shouldn’t lose sight of the bigger picture.
The firm continues to view U.S. digital asset market structure legislation as a potential turning point for the industry, even as the path to passage becomes more uncertain with the Senate’s legislative calendar narrowing ahead of its August recess.
Clearer crypto rules could encourage greater institutional participation, improve market confidence and accelerate development across the digital asset ecosystem—all of which could expand demand for USDC.
JPMorgan also expects higher interest rates to support reserve income through 2027, particularly for Coinbase, even after trimming its forecasts for USDC balances.
For investors, Hyperliquid may explain the next few quarters. But if Trump’s crypto agenda succeeds in creating a clearer regulatory framework, the long-term winner may not be the company that negotiated the better deal—it could be the one serving a much larger stablecoin market.
Photo: Skorzewiak on Shutterstock.com
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Ark Invest Cathie Woodová na konci června nakoupila 66 754 akcií Circle a 37 153 akcií Coinbase před možným hlasováním o zákonu Clarity Act. Zákon by mohl dát kryptoměnám jasnější regulační rámec v USA.
Ark Invest CEO Cathie Wood has long been a crypto bull. In the company's 2025 Big Ideas report, Ark Invest said its 2030 base-case price target for Bitcoin (BTC +0.30%) is $700,000, with a bull case of $1.5 million.
Although Bitcoin and other cryptocurrencies have been crushed this year, Wood and Ark don't seem to be giving up yet, as they typically take a long view of what they believe are groundbreaking technologies.
Ahead of a big potential U.S. Senate vote on the Clarity Act, Ark has been buying cryptocurrency names such as Coinbase Global (COIN +0.40%) and Circle Internet Group. Here's the bet.
Image source: Getty Images.
How the Clarity Act would benefit crypto companies At the very end of June, disclosures from Ark Invest showed that its ARK Innovation ETF purchased 66,754 shares of Circle and 37,153 shares of Coinbase.
While we don't know the exact thinking of Wood and her team, there is a good chance they are buying Coinbase and Circle on the bet that the Senate will pass the Clarity Act, a broad regulation bill that crypto advocates see as a game changer. The bill seeks to create a framework for crypto regulation in the U.S. by doing three main things.
First, it provides a legal definition of a "mature blockchain" as "a blockchain system, together with its related digital commodity, that is not controlled by any person or group of persons under common control." The bill also provides a clear framework for dividing regulatory jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The CFTC would have exclusive regulatory authority over spot markets and cryptocurrencies that are intrinsically connected to a blockchain. Cryptocurrencies classified as digital commodities trading on "mature blockchains" would not be securities and therefore would not need to be registered with the SEC. There are other provisions in the law that seek to protect investors and prevent pump-and-dump schemes.
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Finally, the Clarity Act contains provisions on stablecoins, digital assets pegged to a currency or commodity, that prevent idle stablecoins from earning yield, but do allow yield to be issued based on rewards for certain activities, such as transactions.
Passage of the Clarity Act would be good for Coinbase and Circle for a few reasons. For one, a clear regulatory framework would enable more of the traditional finance world to engage with crypto without fear of regulatory repercussions.
Clearer jurisdictional boundaries between the SEC and the CFTC would make it easier for exchanges to offer different cryptocurrencies on their platforms without worrying about whether they are skirting securities registration laws.
The stablecoin provision is also very important. It is not a complete win for Circle and Coinbase, which would have liked to offer yield on idle stablecoins. However, banks were concerned that doing this could have led to a run on traditional deposits.
Still, the language suggests that crypto platforms can incentivize people to use stablecoins for transactions, which could expand their ecosystems and usage.
Will the Clarity Act pass? The bill has been over a year in the making. The U.S. House of Representatives approved the legislation easily in mid-June last year, but it still hasn't cleared the Senate, which requires 60 votes to pass.
The Trump administration has been trying to get the law passed before the midterm elections. Congress is scheduled to be in recess from Aug. 10 to Sept. 11, adding more pressure to the timeline.
There are 53 Republicans in the Senate, so seven Democrats or independents are needed to make the law a reality. As of July 7, only two Democrats have publicly said they support the bill.
Furthermore, Sen. Mitch McConnell's (R-KY) status is currently unknown, as the longtime Republican senator has been hospitalized for the past several weeks with what is speculated to be a serious ailment.
As of this writing on July 9, Kalshi placed the odds of the Clarity Act receiving more than 60 votes from the Senate at just 25%, although these percentages change quickly.
Perhaps Wood and her team have studied the political landscape closely or simply believe that broad crypto legislation is only a matter of time.
Coinbase roste o 4,52 % na 165,60 USD poté, co Circle získala souhlas OCC se zřízením národní svěřenecké banky. Tím se infrastruktura USDC dostává pod přímý federální dohled.
Coinbase shares are powering higher. Why are COIN shares rallying? The ApprovalCircle announced it has received approval from the OCC to establish First National Digital Currency Bank N.A., operating under the name Circle National Trust. The approval represents a major U.S. regulatory milestone, placing Circle’s USDC stablecoin infrastructure under direct federal oversight by the OCC — the primary regulator for national banks and national trust banks.
Upon opening, Circle National Trust will offer fiduciary digital asset custody services for Circle and its affiliates, with the potential to eventually extend services to a limited number of institutional customers including banks and other regulated financial institutions. The charter is also designed to enable future management of the USDC Reserve under federal regulatory oversight.
“OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system,” said Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle.
Why Coinbase Is MovingCoinbase is one of the largest distributors of USDC and benefits directly from broader institutional adoption of regulated stablecoins. A federal banking charter for Circle signals a more legitimized and regulated digital asset landscape — a rising tide that lifts the broader crypto infrastructure sector.
Coinbase Shares RiseCOIN Price Action: At the time of publication, Coinbase shares are trading 4.52% higher at $165.60, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Hlavní právní zástupce Coinbase Paul Grewal po šesti letech odchází. Firma zároveň jmenuje Molly Abraham novou hlavní právní zástupkyní s titulem general counsel.
The Coinbase logo on a smartphone screen in this illustration taken November 3, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesWASHINGTON, July 9 (Reuters) - Coinbase (COIN.O), opens new tab's Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off a landmark suit brought by the U.S. securities regulator and played an instrumental role in the crypto industry's Washington campaign to secure industry-friendly policies.
Grewal will step down effective immediately, with Molly Abraham, Coinbase's vice president of legal, moving into his role with the title of general counsel, the company told Reuters. Coinbase is also naming Ryan VanGrack, who is currently vice president of legal, as the company's first vice chair and head of corporate affairs, Coinbase said.
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Grewal first posted news of his departure on X.
Grewal's time at Coinbase was partly defined by a years-long legal battle with the Securities and Exchange Commission, which sued Coinbase in 2023 alleging the company had flouted its rules by facilitating trading in crypto tokens that it said should have registered as securities with the watchdog.
Legal experts saw the case as existential for Coinbase and the broader crypto industry, which had long sought to avoid costly SEC oversight. The agency under U.S. President Donald Trump, who courted crypto money on the campaign trail, dismissed the case last year, a massive win for Grewal, Coinbase and the industry.
Coinbase has been a top advocate for the crypto industry as it has sought policy changes in Washington to put it on a solid legal footing, with Grewal at the forefront of those efforts.
Most recently, he had also been involved in deliberations on highly anticipated legislation -- dubbed the Clarity Act -- that would create federal rules for cryptocurrencies. The bill had been bogged down for months by a dispute between crypto companies and banks, but advanced out of a key Senate committee in May.
"After helping to take the company public, fighting the SEC and winning, moving us from Delaware to Texas, working to get GENIUS and soon CLARITY passed into law, and so much more – now is my time for new adventures," Grewal said in a post on X.
In his new role, VanGrack, who will be second-in-command to CEO Brian Armstrong, will step into a "broader corporate and public-facing role" representing Coinbase before "key stakeholders and policymakers around the world," he said in an interview.
The company needs to focus "on steps that unlock products, expand jurisdictions, and enhance our relationships with governments and partners around the world," VanGrack added.
The shift comes as Coinbase looks to become an "everything exchange" by expanding beyond crypto, including into stock trading, prediction markets and artificial intelligence-powered investment tools.
“What I'm so excited about in this next chapter is this is all about building our products... because of the path that [Grewal] cleared," said Abraham in an interview.
Reporting by Hannah Lang; editing by Michelle Price
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Hannah Lang covers financial technology and cryptocurrency, including the businesses that drive the industry and policy developments that govern the sector. Hannah previously worked at American Banker where she covered bank regulation and the Federal Reserve. She graduated from the University of Maryland, College Park and lives in Washington, DC.
Coinbase získala ve Spojeném království povolení nabízet oprávněným uživatelům deriváty a akcie vedle kryptoměn. Firma tím posiluje svou globální expanzi mimo USA.
Key Takeaways Coinbase secured UK approval to offer eligible users derivatives and equities alongside crypto.The UK is key as nearly 7 million adults own crypto and new rules are expected in October 2027.Coinbase is securing licenses globally to reduce U.S. reliance and broaden its customer base. Coinbase Global (COIN - Free Report) recently secured authorization to offer investment services in the United Kingdom, enabling eligible users to trade derivatives and equities alongside cryptocurrencies. The approval marks another milestone in Coinbase’s effort to build a comprehensive, globally regulated digital asset platform. As regulatory clarity improves across major markets, the company is strengthening its position as one of the few crypto-native firms capable of serving both institutional and retail clients within established regulatory frameworks.
The United Kingdom is a strategically important market, given its deep capital markets and leadership in fintech adoption. According to the Financial Conduct Authority (FCA), nearly 7 million UK adults already own crypto assets, while about 25% of non-owners say they would be more likely to invest under a clear regulatory framework. With the UK's comprehensive crypto regulations expected to take effect in October 2027, Coinbase is well-positioned to benefit from rising adoption. Its UK product suite now spans crypto trading, derivatives, equities, stablecoin payments, savings, borrowing, with tokenized real-world assets planned for the future.
The authorization also supports Coinbase's broader international expansion strategy. The company has steadily secured licenses across Europe, Asia-Pacific, the Middle East and Latin America, reducing reliance on the U.S. market while broadening its global customer base. Management described the approval as the largest expansion of Coinbase's UK offering since entering the market. More broadly, Coinbase is transforming from a crypto exchange into an "everything exchange," aiming to provide a unified platform for cryptocurrencies, derivatives, tokenized assets, stablecoins and, eventually, additional traditional financial products as regulations evolve.
What About COIN’s Peers? Circle Internet Group’s (CRCL - Free Report) international expansion strengthened its position as a global fintech powerhouse. By expanding its footprint across Europe, Asia and Latin America, Circle has gained stronger access to regulated digital markets. By accelerating global USDC adoption, Circle positions itself for sustained growth and leadership in the rapidly evolving digital financial ecosystem.
Robinhood Markets’ (HOOD - Free Report) international expansion enables it to tap into rising global retail investing demand. By establishing operations in the United Kingdom and Asia, Robinhood broadens revenue streams and reduces reliance on U.S. markets. With strategic acquisitions and regional hubs, Robinhood is well-positioned for sustained growth and a stronger presence in the global fintech landscape.
COIN’s Price PerformanceShares of COIN have lost 30.3% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive ValuationCOIN trades at a price-to-earnings ratio of 51.72, significantly above the industry average of 9.6.
Image Source: Zacks Investment Research
Estimate Movement for COINThe Zacks Consensus Estimate for COIN’s second-quarter 2026 earnings per share (EPS) witnessed no movement in the last 30 days. While the consensus estimate for full-year 2026 EPS has witnessed no movement in the last 30 days, the same for 2027 has moved south in the same time frame.
Coinbase Global, Inc. (COIN - Free Report) closed the most recent trading day at $168.87, moving +2.05% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.12%.
The stock of company has risen by 8.58% in the past month, leading the Finance sector's gain of 5.36% and the S&P 500's loss of 0.9%.
Analysts and investors alike will be keeping a close eye on the performance of Coinbase Global, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.31, up 158.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.36 billion, showing a 9.27% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.74 per share and a revenue of $5.95 billion, indicating changes of -56.82% and -17.13%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Coinbase Global, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.91% decrease. As of now, Coinbase Global, Inc. holds a Zacks Rank of #3 (Hold).
Investors should also note Coinbase Global, Inc.'s current valuation metrics, including its Forward P/E ratio of 95.18. For comparison, its industry has an average Forward P/E of 11.13, which means Coinbase Global, Inc. is trading at a premium to the group.
We can also see that COIN currently has a PEG ratio of 5.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Miscellaneous Services industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 100, placing it within the top 41% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Coinbase má podle 24/7 Wall St. cílovou cenu 271,94 USD, což znamená prostor pro růst 64,97 % oproti poslední závěrečné ceně 164,84 USD. Tahounem má být obnovení ziskovosti a silná báze předplatného.
Few large-cap stocks have performed quite like Coinbase (NASDAQ:COIN | COIN Price Prediction) over the past 12 months. After peaking near $444.64 in the prior bull run, shares have round-tripped on a brutal crypto pullback. Our model sees significant upside from here.
Our 24/7 Wall St. price target for Coinbase is $271.94, implying 64.97% upside from the recent close of $164.84. The recommendation is buy, with a confidence level of 90%. That is a high-conviction call, anchored by forward earnings recovery, a deep subscription revenue base, and analyst consensus well above today’s quote.
24/7 Wall St. Price Target Summary Metric Value Current Price $164.84 24/7 Wall St. Price Target $271.94 Upside 64.97% Recommendation BUY Confidence Level 90% Crypto Winter Has Hit COIN Hard Coinbase shares are down 27.11% year to date and 46.55% over the past year, badly lagging the broader market. Bitcoin is down 27.05% YTD and Ethereum has tumbled 41.86%, squeezing the trading volumes that drive Coinbase’s transaction line.
Q1 2026 results, released May 7, 2026, showed the damage. Revenue of $1.41 billion fell 30.54% year over year, missing consensus by 4.72%. EPS came in at -$1.49 versus a $0.0444 estimate, weighed down by $482.40 million in markdowns on crypto held for investment. Management responded with a 14% headcount cut targeting roughly $500 million in annualized savings.
The Case for $400+ The bull case rests on Coinbase’s evolution beyond a pure trading venue. Subscription and services revenue reached 44% of net revenue in Q1, with stablecoin revenue of $305 million riding a USDC market cap that touched $80 billion in March.
Prediction markets crossed $100 million annualized within two months of launch, retail derivatives are tracking toward a $250 million tier, and DEX trading volume doubled quarter over quarter.
Industry tailwinds are sizeable. The stablecoin market is projected to grow from $300 billion to $3 trillion by 2030, with tokenized real-world assets potentially reaching $16 trillion.
If Coinbase rides those waves, our bull case scenario points to $406.07 over the next 12 months. Analyst consensus sits at $229.74, with 21 buys against just 3 sells.
What Could Go Wrong Coinbase remains tethered to crypto prices. Total crypto market cap and volumes both fell more than 20% quarter over quarter in Q1, and a beta of 3.32 means downside in BTC and ETH translates into amplified equity moves.
Insiders have been net sellers across 90 recent transactions, and the forward P/E of 77 leaves no room for further volume erosion.
The Q1 GAAP loss was largely a non-cash crypto markdown, and adjusted EBITDA was still positive at $303.30 million, the 13th straight positive quarter.
Cash of $10.21 billion and $2.10 billion in remaining buyback authorization give management room to defend the stock. Our bear case scenario still lands at $227.99, above today’s price.
Coinbase Price Prediction 2026-2030 My 24/7 Wall St. price target is $271.94, buy, with 90% confidence. The factor tipping the scale is the durability of subscription revenue, which now cushions trading swings far better than during the 2022 cycle.
The setup looks constructive if BTC stabilizes above $60,000 and Q2 transaction revenue tracks management’s $215 million May 5 pace. Caution is warranted if stablecoin revenue rolls over or another data-security event hits the cost base.
Year 24/7 Wall St. Price Target 2026 $221.08 2027 $271.94 2028 $365.00 2029 $490.00 2030 $645.59 These projections assume Coinbase executes its Everything Exchange strategy and stablecoin and prediction-market revenue compound through the decade. Significant upside or downside could result from crypto cycle timing, regulatory shifts under the GENIUS Act framework, or a major security incident.
