Valued at a market cap of 75 billion, Coinbase Global, Inc. (COIN) is a leading New York-based cryptocurrency exchange and fintech infrastructure provider, founded in 2012. It serves over 100 million users worldwide, offering retail trading, institutional custody, liquidity services, and developer tools for crypto applications.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." COIN fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the financial data & stock exchanges industry. The company is recognized for its regulatory-compliant approach, which has strengthened its credibility among institutions and led to its inclusion in the S&P 500 in 2025.
Despite its strengths, the stock has plunged 23% from its 52-week high of $444.64 touched on Jul. 18. Over the past three months, COIN stock has grown 16%, outperforming the S&P 500 Index ($SPX), which has returned 11.4% over the same time frame.
COIN stock has grown 37.9% on a YTD basis, outperforming $SPX’s 13.3% rise in 2025. Moreover, COIN has surged 103.6% over the past 52 weeks, outpacing $SPX’s 16.6% surge.
To confirm its uptrend, COIN has been trading above its 200-day moving average since mid-May and has surpassed its 50-day moving average in the most recent trading session.
On July 31, Coinbase Global posted Q2 results that came in below expectations, sending its stock down 16.7% the next trading session. Total revenue rose 3.3% year-over-year to $1.5 billion, supported by growth in subscription and services revenue, but still fell short of consensus forecasts as transaction revenue slipped 2.1%. Profitability weakened despite the modest sales uptick, with adjusted EBITDA declining 14% to $512.1 million. Adjusted EPS dropped steeply to $0.12, representing an 89.1% year-over-year decline and missing analyst estimates by nearly 90%.
Its peer, Riot Platforms, Inc. (RIOT), surged 71% in 2025 and 141.8% over the past year, outperforming the stock.
Among the 32 analysts covering the COIN stock, the consensus rating is a “Moderate Buy.” The mean price target of $375.96 implies an upswing potential of 9.8% from current price levels.
