Coinbase Seen Diversifying Well Beyond Crypto Trading Fees
Dow Jones10-19 23:52
1152 ET - Coinbase is set to showcase how its diversification efforts are accelerating when it reports 3Q results next week, StoneX analyst Mark Palmer says in a note. Investors will likely -- and wrongly -- still be looking to see how much retail traders paid the exchange to trade crypto this past quarter, Palmer says. But the company has rebuilt its revenue base around derivatives, stablecoins, lending, payments and software agents that transact on their own, he says. The market has yet to price in the fact that Coinbase is becoming a full-fledged financial account for both people and the AI agents that are acting on their behalf, the analyst says.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments