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Crypto crumbles as stocks climb
Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

The experts have mixed opinions on Coinbase Global (COIN-Q). Some believe that the company will rally if Bitcoin reaches $100,000, while others see potential for significant inflows and sales as investor sentiment and interest in crypto increases. However, there are concerns about the ongoing battle with the SEC over the classification of cryptos as securities. Overall, the reviews highlight COIN's role as a key custodian for crypto ETFs, its increasing retail trading volume, and its potential for generating fees from various sources.

Consensus
Mixed
Valuation
Fair Value
Similar
N/A
BUY
Coinbase Global
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Coinbase is at the forefront of developing critical blockchain infrastructure and is really the main and only player in the US crypto space. COIN has helped to begin bridging the gap between the traditional finance world and the crypto network layer. For 2024 COIN aims to focus on driving revenue through improving its core trading and USDC (US dollar stablecoin), driving utility in crypto with experiments in payments using USDC and Base (its layer-2 chain), and drive regulatory clarity of the industry.

It launched a layer-2 network on the Ethereum blockchain called Base, which has seen transaction volume skyrocket over the past month, and it now has $1.5B in total value locked. The company continues to innovate by offering a coinbase smart wallet which allows for easy onboarding and storage of private keys for users. Through certain 'on-chain' metrics, we can see that trading volumes have surged in March 2024, and it is possible that Coinbase will have a strong Q1. 

COIN is expecting to report in early May, although the date is not yet confirmed. Overall, as the leading centralized crypto ecosystem company in North America, we like COIN in the current market backdrop.
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Financial Services
WEAK BUY
Coinbase Global

If you believe Bitcoin will rally to $100,000, then COIN will rally. He's neither for nor against. Won't judge. Bitcoin has made money for people.

Financial Services
HOLD
Coinbase Global
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

COIN is the main custodian for the bitcoin ETFs, and while the fees spread between its transaction fees and custodian fees is large, the volume from these ETFs in the future can more than offset this delta. 

Retail trading volume is increasing on Coinbase, and while spot BTC ETFs are approved in the US, all other crypto needs to be traded on an exchange, such as COIN. Coinbase is the main crypto exchange in the US that is trusted, working with regulators, and is now being interwoven in the traditional finance world. Coinbase will receive fees from Ether staking, derivatives, futures, expansion into Europe, it has its own wallet, is working on payments integration, and has built its own layer 2 network on top of Ethereum, called Base. As activity on 'Base' increases, this will drive fees to COIN. As an industry leader in the crypto space, COIN has executed well on the operational front. 

Bull case, as investor sentiment and interest in crypto increases once again, Coinbase will see significant inflows and sales, and it can also act as the future custodian for Ether ETFs (deadline May 2024).

Bear case, investors mainly gravitate towards ETF investing for crypto or interest and risk appetite for crypto products and the technology wanes. 
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Financial Services
DON'T BUY
Coinbase Global

They report Thursday. They're in a brutal battle with the SEC over whether cryptos are securities. He expects fireworks. A nightmare.

Financial Services
DON'T BUY
Coinbase Global
In the wake of the crypto scandal, the SEC may crack down on every crypto, and Coinbase--even if they follow all the market rules--may be swept.
Financial Services
DON'T BUY
Coinbase Global
Down 70% this year, but people still trust in it which will prevent further losses. Still, that isn't enough to own it.
Financial Services
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TOP PICK
Coinbase Global
Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Social media mentions are up 180% in the past 24h.
Financial Services
HOLD
Coinbase Global
Still owns it after being crushed by the crypto crash. He's taking a long-term view on it. What else can he do? Has not added to it recently.
Financial Services
DON'T BUY
Coinbase Global
Down 71% in the last three months. Doesn't care for this stock. Would rather be in the banks among the financials.
Financial Services
DON'T BUY
Coinbase Global
Not expensive, but the crypto market has turned nasty. Avoid.
Financial Services
WATCH
Coinbase Global
Sold off strong this week, but rebounding huge today. She's bullish cryptos, and is taking a long-term view. In the next month or so, she's keeping an eye on the regulatory environment before adding more. Wants to see the sector settle down first.
Financial Services
COMMENT
Coinbase Global
If the Fed gets dovish (would be a mistake), Bitcoin will be parabolic.
Financial Services
COMMENT
Coinbase Global
If the Fed gets dovish (would be a mistake), Bitcoin will go parabolic.
Financial Services
BUY
Coinbase Global
Shares are down 58% from highs. Short it? Look at the shorting of Tesla five years ago; the shorters compared the compare to GM, but they missed the broad market reception to Tesla. Coinbase is similar; it's not just a trading platform, but more. Like Schwab 30 years ago, COIN is disruptive yet visionary. COIN has 89 million users and 11.4 million per month. Beyond exchanges, COIN will roll out their NFT marketplace, which is promising Shorting is short-sighted. She's long.
Financial Services
DON'T BUY
Coinbase Global
Down 29% this month. He doesn't like the way they approach regulators like SEC. They're frankly belligerent. They don't follow the price of Bitcoin as much as people expect.
Financial Services
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Coinbase Global(COIN-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Coinbase Global is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Coinbase Global(COIN-Q) Frequently Asked Questions

What is Coinbase Global stock symbol?

Coinbase Global is a American stock, trading under the symbol COIN-Q on the NASDAQ (COIN). It is usually referred to as NASDAQ:COIN or COIN-Q

Is Coinbase Global a buy or a sell?

In the last year, 4 stock analysts published opinions about COIN-Q. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Coinbase Global.

Is Coinbase Global a good investment or a top pick?

Coinbase Global was recommended as a Top Pick by on . Read the latest stock experts ratings for Coinbase Global.

Why is Coinbase Global stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Coinbase Global worth watching?

4 stock analysts on Stockchase covered Coinbase Global In the last year. It is a trending stock that is worth watching.

What is Coinbase Global stock price?

On 2024-04-19, Coinbase Global (COIN-Q) stock closed at a price of $210.95.