Coinbase Global, Inc. was upgraded to a cautious Buy due to improved revenue diversification and profitability, despite ongoing crypto market volatility and cybersecurity risks highlighted by a recent $6.3 billion hack of Binance. Coinbase's Q3 results showed flat revenue but better profitability with $333 million adjusted EBITDA and strong expense control. Nearly half of Coinbase's revenue now comes from subscriptions and services, providing stability amid weak trading. The stock remains cyclical and is recommended more for tactical crypto exposure than long-term holding.
As of Oct 31, 2026 06:31 WIB, Coinbase (COIN) trades at USD 144.49, near its 52-week low of USD 141.09 and far below its 52-week high of USD 343.78. The stock has seen a sharp 10.03% decline in one day on Pluang, reflecting current market caution despite the upgrade. Pluang investors show a majority buying interest at 69%, with a typical hold time of 80 days, indicating some confidence in tactical exposure to the crypto sector.
Coinbase now holds about 30% of all USDC stablecoins, with customers storing a record $22 billion on its platform. Following a major hack at Binance, Circle, the issuer of USDC, froze $800 million in stolen USDC, demonstrating its ability to block wa...
Coinbase reported a strong third-quarter profit of $719 million, driven largely by gains in its Bitcoin holdings and stablecoin USDC. However, its core operating income fell sharply by 87.2% year-over-year to $61.7 million, and revenue declined 35%. ...
Coinbase's stock dropped 11% following a record $6.3 billion hack at Binance and disappointing Q3 2026 earnings, with net revenue down 34% year-over-year and trading revenue falling 44%. Despite a $715 million crypto investment gain boosting net inco...
