Group 1: Company Performance - Coinbase Global, Inc. closed at $337.54, reflecting a +1.06% change from the previous day, outperforming the S&P 500's gain of 0.41% [1] - Over the past month, shares of Coinbase have increased by 9.67%, significantly higher than the Finance sector's gain of 1.64% and the S&P 500's gain of 3.15% [1] Group 2: Earnings Forecast - The upcoming earnings report for Coinbase is expected to show an EPS of $1.04, indicating a growth of 67.74% compared to the same quarter last year [2] - Revenue is projected to be $1.71 billion, reflecting a 42.19% increase from the equivalent quarter last year [2] Group 3: Annual Estimates - For the entire year, the Zacks Consensus Estimates forecast earnings of $7.01 per share and revenue of $7.03 billion, representing changes of -7.76% and +7.16% respectively compared to the previous year [3] - Recent changes to analyst estimates for Coinbase may indicate shifting business dynamics, with positive revisions suggesting optimism about the business outlook [3][4] Group 4: Zacks Rank and Valuation - Coinbase currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [5] - The company is trading at a Forward P/E ratio of 47.65, which is a premium compared to the industry average Forward P/E of 13 [6] Group 5: Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 78, placing it within the top 32% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,817 #BTC (208,029,421 USD) transferred from Coinbase Institutional to unknown wallethttps://t.co/sQyZ3lSMmU ...

It is pretty crazy to see how quickly Coinbase passed $1 billion of on-chain loan originations.Seems like a no brainer finance is moving onto these new rails.Companies like $COIN continue to be well positioned to benefit from this trend.Big reason why we invested years ago. ...

Coinbase (COIN) said its bitcoin-backed loan program has surpassed $1 billion in originations since launching in January, underscoring growing demand for crypto as collateral. The exchange currently offers retail customers in the U.S. the ability to borrow cash against bitcoin (BTC) holdings through the on-chain Morpho platform. A spokesperson said the average loan size sits at $54,000 but noted the firm plans to raise its borrowing cap from $1 million to $5 million in the coming weeks. “We do see some u ...

RT Bitcoin Magazine (@BitcoinMagazine)JUST IN: Coinbase reaches over $1 BILLION in Bitcoin-backed loan originations 💥Wow! 🚀 https://t.co/NxHjzgoTkZ ...

JUST IN: Coinbase reaches over $1 BILLION in Bitcoin-backed loan originations 💥Wow! 🚀 https://t.co/NxHjzgoTkZ ...

📈Coinbase 🛡️ (@coinbase):$0 → $1B challenge complete.One billion dollars of onchain loans have been generated through Coinbase, using BTC as collateral. Powered by @MorphoLabs. https://t.co/1Tk14WWLT5 ...

Translated it for you. https://t.co/xpbXsKFn0O ...

Seriously, big banks want to undo law to take away your crypto rewards - don't let them.Click here to make your voice heard and stop another bank handout. ↓https://t.co/LCCbVOsk8x ...

Core Thesis - Coinbase Global, Inc. is experiencing growth driven by onchain transparency and stablecoin revenue, with a current share price of $320.07 and trailing and forward P/E ratios of 30.84 and 46.51 respectively [1] Financial Performance - Coinbase reported Q2 revenue of $1.497 billion, slightly below the Street's estimate of $1.594 billion, with trading revenue being the largest segment at $710 million, despite a 41% decline in total volumes from Q1 [2] - Retail trading volumes accounted for 20% of activity, generating $645 million at a 1.4% take rate, while institutional trading contributed $65 million [2] Revenue Breakdown - The fastest-growing component was stablecoin revenue, with USDC's market cap increasing by 36.7% to $60 billion, leading to an estimated $396 million in revenue for Coinbase [3] - Blockchain rewards, primarily from ETH staking, added $159 million, while Coinbase's Layer 2, Base, contributed $57.82 million from transaction fees [3] - Other subscription and service revenue totaled $117 million, down from Q1, while interest income rose by 12% to $72 million due to an expanded treasury position [3] Business Model Diversification - The combination of trading, staking, stablecoin, Base, subscriptions, and interest sources illustrates the diversification of Coinbase's revenue model, highlighting a structural advantage in utilizing transparent onchain data for revenue estimation [4] Comparative Analysis - A bullish thesis on Coinbase shares similarities with a previous analysis on Robinhood Markets, emphasizing the importance of onchain transparency and stablecoin-driven growth [5]