Coinbase relies on trading volume for revenue, aims to bring 1 billion people into crypto

From Zacks Investment Research.: 2025-06-20 14:04:00

Coinbase Global, Inc. (COIN) relies heavily on trading volumes for revenue, benefiting from market dynamics and volatility. Trading volume is influenced by various factors, with Bitcoin representing 27% and Ethereum 11% of trading volume in Q1 2025. COIN aims to bring 1 billion people into the crypto space, investing in infrastructure and services like custody and staking to diversify revenue. Despite a 22.1% YTD stock gain, COIN faces valuation pressure and declining EPS estimates. Competitors include Robinhood Markets and Interactive Brokers Group. COIN’s stock has outperformed the industry but trades at a higher P/E ratio. Estimates for COIN’s EPS have seen positive revisions for Q2 and Q3 2025, as well as for full-year 2025 and 2026 revenues. The stock currently holds a Zacks Rank #3 (Hold).



Read more at Zacks Investment Research.: Coinbase Rides on Higher Trading Volume for Long-Term Growth – June 20, 2025