Added to YB: 2026-03-27
Pitch date: 2026-03-13
COIN [neutral]
Coinbase Global, Inc.
Author Info
The Loh-Down is a portfolio strategist with 10+ years in fixed income and liquidity markets. Sign up for the newsletter.
Company Info
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
Market Cap
$47.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
26.37
P/E
40.71
EV/Sales
6.40
Sector
Capital Markets
Category
growth
Coinbase Global Inc. (Nasdaq: COIN)
COIN (holding update): Evolved from 100% transaction fees in 2021 to 50% by 2025, w/ 12 products >$100M annually. S&S rev growing 53% CAGR (staking, custody, USDC interest share, Base sequencer fees). Serves as custodian for 80%+ of US BTC/ETH ETF assets. Risks: $400M breach costs, crypto volatility, fee compression, regulatory uncertainty (Clarity Act may close USDC yield loophole). DCF targets $245 (23% upside) assuming 12-24% rev growth, 10-15% WACC. Long-term hold.
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