Coinbase (COIN)

• Market cap: $88.2B
• 1 day: 7.04%
• 5 days: 4.6%
• 1 month: 6.98%
• 3 months: 16.2%
• 6 months: 89.43%
• Year to date: 33.4%
• 1 year: 110.98%
• 5 years: 4.52%
• 10 years: 4.52%
• Sector: Financials
• Industry: Financial Data & Stock Exchanges

About: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Employees: 3,772

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

265% more first-time investments, than exits

New positions opened: 376 | Existing positions closed: 103

146% more capital invested

Capital invested by funds: $19.4B [Q1] → $47.8B (+$28.4B) [Q2]

83% more funds holding in top 10

Funds holding in top 10: 29 [Q1] → 53 (+24) [Q2]

55% more repeat investments, than reductions

Existing positions increased: 446 | Existing positions reduced: 287

26% more funds holding

Funds holding: 980 [Q1] → 1,235 (+255) [Q2]

11.0% more ownership

Funds ownership: 53.65% [Q1] → 64.64% (+11.0%) [Q2]

7% more call options, than puts

Call options by funds: $17.9B | Put options by funds: $16.8B

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $248
• Avg. target: $390
• High target: $510

17 analyst ratings

• positive: 10 59%
• neutral: 5 29%
• negative: 2 12%

Barclays Benjamin Budish	$365	Equal-Weight Maintained	15 Aug 2025
Keefe, Bruyette & Woods Kyle Voigt	$335	Market Perform Maintained	4 Aug 2025
Compass Point Ed Engel	$248	Sell Downgraded	4 Aug 2025
Rosenblatt Chris Brendler	$470	Buy Maintained	1 Aug 2025
Canaccord Genuity Joseph Vafi	$400	Buy Maintained	1 Aug 2025