Compass Point Cuts Coinbase Price Target Ahead of Expected Stocks, Prediction Market Reveal

Tokenized stocks likely represent a bigger revenue opportunity for Coinbase than prediction markets, analysts at Compass Point wrote in a Monday report while lowering the price target for COIN. Although the investment bank foresees the crypto exchange unveiling several products at an event on Wednesday, the analysts highlighted tokenized stocks and prediction markets as two areas that could help the exchange diversify sales away from fees on crypto trades. It could take years for the revenue to materialize ...