Is Coinbase’s (COIN) Institutional Push a Game Changer for Its Competitive Edge?

Earlier this month, Coinbase Global reported third-quarter earnings, highlighting strong revenue growth, increased profitability, and several notable partnerships and acquisition initiatives, including integration with Galaxy Digital and a new collaboration with Citi on digital asset payments. An interesting facet is Coinbase’s participation in cutting-edge authentication pilots and acquisition talks with stablecoin infrastructure startup BVNK, pointing to the company's focus on security and infrastructure amid a rapidly expanding crypto market and intensifying competition. We'll examine how Coinbase’s robust earnings, expansion via acquisitions, and increased focus on institutional clients may influence its investment narrative.

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Coinbase Global Investment Narrative Recap

To own Coinbase Global stock, an investor needs to believe that the company can maintain its position as a leading platform at the intersection of crypto trading, custody, and institutional services as digital assets gain broader adoption. While the recent news of Coinbase’s pilot with Eightco’s INFINITY Authentication supports the company's security efforts, it does not appear to materially change the biggest short-term catalyst, rising institutional adoption of digital asset solutions, or alter the ongoing risk of declining trading volumes and fee competition.

The recent integration of Galaxy Digital’s staking infrastructure with Coinbase Prime directly underscores this period’s most important catalyst: expanding institutional adoption. By enhancing staking and custody offerings for institutional clients, Coinbase is positioned to benefit if more large investors seek exposure to blockchain-based assets and deepen their use of digital asset services.

But, as investors weigh growth catalysts like these, they should also be aware that ongoing risks from fee compression and volume swings could mean...

Read the full narrative on Coinbase Global (it's free!)

Coinbase Global's outlook anticipates $8.5 billion in revenue and $2.1 billion in earnings by 2028. This is based on an expected annual revenue growth rate of 8.3%, but also a decrease in earnings of $0.8 billion from current earnings of $2.9 billion.

Uncover how Coinbase Global's forecasts yield a $382.56 fair value, a 24% upside to its current price.

Exploring Other PerspectivesCOIN Community Fair Values as at Nov 2025

Simply Wall St Community users submitted 29 fair value estimates for Coinbase, ranging from US$135.97 to US$510. Recent moves to scale institutional partnerships could influence these differing growth expectations, so consider the full spread of community viewpoints.

Story Continues

Explore 29 other fair value estimates on Coinbase Global - why the stock might be worth less than half the current price!

Build Your Own Coinbase Global Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

A great starting point for your Coinbase Global research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision. Our free Coinbase Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Coinbase Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include COIN.

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