Fed Rate Cut & Potential for More: A Boon for Coinbase?

Key Takeaways The Fed's 25 bps rate cut and hints of more support risk assets like equities and crypto.Coinbase could see higher trading volumes, lifting transaction revenues above 50% of its top line.COIN shares are up 38.5% YTD, but its P/E of 52.56 is well above the industry average of 25.71.The Federal Reserve's decision to cut interest rate should act as a tailwind for Coinbase Global (COIN) . This crypto leader, banking on a broader range of crypto assets and tokenized equities as well as increased vo ...