Company Focus - Coinbase aims to be the all-in-one app for the future of finance [1]

Legal stuff:Securities offered by Coinbase Capital Markets (member SIPC, FINRA). Listed futures and swaps are offered via Coinbase Financial Markets (“CFM”), a NFA member firm. Crypto offered by Coinbase Inc. Trading involves risks and may result in loss of capital. Research before trading. Stocks and prediction markets rollout has begun; coming soon to all U.S. users. For informational purposes only. Not investment advice or a recommendation. ...

Company News - Coinbase has launched stock trading [1]

JUST IN: Coinbase launches stock trading. ...

Coinbase announces full DEX integration.Millions of assets available directly in Coinbase, including MILLIONS of assets immediately available at creation, directly on the app.All, on Solana...Is this the resurgence the trenches need?Bank Accounts or Debit card purchases available for all of these assets, not just limited to your stablecoin in Coinbase.Easy (@EasyEatsBodega):ALL United States users now have access to trade futures and derivatives directly on Coinbase.HUGE moment, considering the difficulty i ...

ALL United States users now have access to trade futures and derivatives directly on Coinbase.HUGE moment, considering the difficulty it has been for US users to be able to trade Perps.Equities, Crypto, and Commodities will be coming to the coinbase app directly. https://t.co/UK3zt5DcrEEasy (@EasyEatsBodega):Prediction Markets officially coming to Coinbase as well.The 'fad' continues to be VERY real.Coinbase announces the prediction markets will be powered by Kalshi. https://t.co/mjKIV7pAqD ...

Stock trading.Rolling out on Coinbase in the U.S. https://t.co/tTcjpvVyXc ...

/system_update_waiting_roomhttps://t.co/hMAIm3DfqT ...

Core Viewpoint - Deutsche Bank initiated coverage of Coinbase Global Inc. with a Buy rating and a price target of $340, highlighting the company's expanding role in the on-chain financial ecosystem [1] Group 1: Market Position and Strategy - Coinbase is positioned to leverage its established market presence into a broader "everything exchange" platform, which is expected to significantly expand its addressable markets across retail and institutional clients [2] - This strategy aims to diversify revenue streams and reduce reliance on pricing from retail crypto trading [2] Group 2: Industry Trends and Financial Outlook - The convergence of traditional finance and decentralized finance, along with increasing individual adoption of on-chain platforms, are identified as long-term tailwinds for the industry [3] - Although 2025 is expected to be a heavy investment year with core expenses projected to grow over 20% and adjusted EBITDA declining over 10%, Deutsche Bank believes the most intensive phase of investment has passed [3] Group 3: Growth Potential and Revenue Expectations - With numerous product and service developments announced, Coinbase is expected to be better positioned to scale operations in 2026 and beyond [4] - In favorable crypto market conditions, revenue growth is anticipated to outpace expense growth, leading to at least modest EBITDA margin expansion [4] - Key growth areas include the Base App, institutional crypto services, enhanced on-chain retail banking, prediction markets, and expanded trading capabilities [4]

Core Insights - Coinbase stock is currently trading within a support zone of $237.90 to $262.94, where it has historically rebounded, achieving an average peak return of 38.7% after four instances of buying interest at this level [2] Financial Performance - Coinbase's Q3 2025 results showed strong revenue and profits, enhancing its financial position [4] - The company reported a revenue growth of 48.6% over the last twelve months (LTM) and an average growth of 23.3% over the past three years [10] - The free cash flow margin is approximately 25.8%, and the operating margin is 27.0% LTM [10] Market Conditions and Strategic Moves - The strategic entry into tokenized stocks and prediction markets starting December 17 aims to diversify revenue beyond volatile spot trading [4] - Analyst consensus leans towards a "Buy" rating, indicating considerable upside potential despite recent downgrades and revenue concerns for Q4 [4] Valuation and Risks - Coinbase stock trades at a price-to-earnings (PE) multiple of 30.1, reflecting varied valuation indicators [10] - The stock is susceptible to sharp sell-offs, having previously declined 91% during the Inflation Shock, highlighting its vulnerability during market upheavals [6]