Coinbase (COIN) has established the industry’s most scaled crypto trading platform with a domestic market share of around 66%, broker Benchmark said in a report Wednesday, while also initiating coverage of the stock.
Benchmark assumed coverage of Coinbase with a buy rating and a $252 price target. The shares were over 4% higher at around $198 in early trading.
The crypto exchange offers a „comprehensive suite of products and services aimed at facilitating the adoption and use of digital assets by both retail and institutional investors,” analyst Mark Palmer wrote.
The broker noted that the stock has almost halved since early December, and at current levels the share price does not reflect the soon to improve crypto environment.
Share price underperformance may be coming to an end as crypto regulatory clarity draws closer in the U.S., particularly for stablecoins, where Coinbase has skin in the game with its involvement in USD Coin (USDC), the report said.
Regulation is coming. Earlier
We współpracy z: https://www.coindesk.com/markets/2025/04/23/coinbase-to-benefit-from-increased-institutional-crypto-adoption-benchmark
