Core Viewpoint - The current government shutdown is impacting financial stocks, but Coinbase Global is positioned favorably due to its business model and growth potential [1][3][9] Company Overview - Coinbase Global is a leading cryptocurrency exchange operating in over 100 countries, facilitating the trading of Bitcoin, Ethereum, and other cryptocurrencies [4] - The platform currently holds $425 billion in assets and has a quarterly trading volume of $237 billion [4] Financial Performance - In the second quarter, Coinbase reported net revenue of $1.42 billion, an increase from $1.38 billion year-over-year, with net income rising to $1.43 billion from just $36 million a year ago [5] - Revenue has surged nearly 3,000% over the past three years, while net income has increased by 200% during the same period [5] Analyst Sentiment - Among 34 analysts covering Coinbase, half have a strong buy or buy rating, while 15 have a hold rating, with a consensus price target of $371, indicating a 7% short-term upside [7] - The most optimistic analyst has set a price target of $510, suggesting a potential upside of 43% [7] Business Model and Subscription Plan - Coinbase offers a subscription plan called Coinbase One Basic, which provides zero-fee trades for $5 monthly, similar to Robinhood's premium subscription model [8] - The increase in cryptocurrency trading during the government shutdown is expected to benefit Coinbase's stock performance [9]