Latest news with #Coinbase
Axios
7 hours ago
- Business
- Axios
What's next after the stablecoin law is signed
President Trump has signed into law the GENIUS Act, which will mean that many mainstream banks and fintechs will try to make stablecoins a part of everyday life in America soon. Why it matters: With clear legal guidelines for the killer app of blockchains, dollar-backed tokens, lots of companies are going to soon jump into the business. The big picture: There are two ways stablecoins might improve the bottomline of regular people. Savings. On exchanges like Coinbase and apps like Paypal, users can buy stablecoins with dollars and earn 4% interest on their money (for now). That blows away bank savings rates. Yes, but: While your deposits won't be lent out like banks do and are 100% reserve-backed, they don't have FDIC insurance. Shopping. Osama Bari, with the D24 Fintech Group, tells Axios that he's looking for instant rebates coming soon for stablecoin transactions. So a consumer might get an instant $2 back when they buy $100 watch. That's at least in part because retailers don't pay interchange fees when they get paid with stablecoins. What we're watching: Adoption. It can be tough to get people to use new payment systems if they are accustomed to another way and it alreadyworks pretty well. However, stablecoins might mean consumers will start getting a better deal. The bottom line: It remains to be seen how the traditional finance industry implements the law.
Yahoo
9 hours ago
- Business
- Yahoo
Jim Cramer Notes Coinbase Stock is 'Cheapest of the Group'
Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks on Jim Cramer's radar. Cramer noted that it is the only crypto company in the S&P 500. He remarked: 'Finally, Coinbase means crypto. 52 million Americans have kept their crypto there, part of a hundred million users globally. It's the only crypto company in the S&P 500, so it's the perfect poster child for the group. Again, Coinbase, immensely profitable and at 40 times earnings, it's actually the cheapest of the group. How can that be?' A shot of someone securely accepting crypto assets as payment, showcasing the company's payment solutions. Coinbase (NASDAQ:COIN) provides a platform for buying, selling, and managing crypto assets, offering tools for consumers, institutions, and developers to engage with the crypto economy. In a June episode, Cramer said that the company is going higher. 'Next, Coinbase. Alright, the cryptocurrency stocks, they just never want to quit. And this is a group that matters, even if older portfolio managers don't care [and] look the other way. I think this one's going higher, to who knows where.' While we acknowledge the potential of COIN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
14 hours ago
- Business
- Business Insider
Crypto Stock Pioneers COIN, CRCL, and MSTR Set to Capitalize on Latest Bitcoin Surge
Bitcoin (BTC-USD) has soared to a new all-time high of $122,757, pulling a wave of crypto-related stocks up with it. More broadly, the U.S. stock market offers several strongly performing crypto options for investors to consider, including Coinbase Global (COIN), Circle Internet Group (CRCL), and MicroStrategy (MSTR). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Whether you're a believer or a skeptic, it's becoming increasingly clear: Bitcoin—and the broader crypto ecosystem, including Ethereum (ETH-USD) and a host of altcoins—are cementing their place in the mainstream investment landscape. Crypto is gaining traction among both retail and institutional investors alike. Furthermore, a pro-crypto administration currently occupies the White House, and Ric Edelman, one of the nation's most influential financial advisors, has recently suggested allocating 10–40% of investment portfolios to crypto. The influential advisor has been bullish on crypto for several years, with TipRanks maintaining coverage throughout. Against this backdrop, here are three standout crypto stocks that equity investors may want to consider for gaining exposure to this rapidly expanding sector. Coinbase Global (NASDAQ:COIN) Any conversation about crypto-related stocks naturally starts with Coinbase (COIN)—the original publicly traded crypto giant and arguably still the most recognized name in the space. Its direct listing on the NASDAQ in 2021 marked a milestone moment, lending newfound legitimacy to the broader crypto industry. Coinbase is best known as a go-to exchange and brokerage platform for both retail and institutional investors. But its offerings extend well beyond trading: the company provides secure crypto custody, staking services, crypto-reward credit cards, and even direct deposit options that allow users to receive paychecks in cryptocurrency. With a platform holding $328 billion in assets, quarterly trading volume of $393 billion, and a market cap nearing $100 billion (as of the latest earnings report), Coinbase sits at the intersection of crypto's mainstream adoption and its market upside. It's not only facilitating the growth of the ecosystem, it's one of the biggest beneficiaries of it. For investors bullish on the long-term future of crypto, Coinbase is a cornerstone stock. That said, valuation is the one caveat. After surging 65% over the past year, the stock is trading at about 67x projected 2025 earnings, rich by most standards. However, on a price-to-sales basis, it looks more grounded at roughly 13x 2025 revenue estimates. Even so, for those with a long-term view on crypto, Coinbase remains a compelling bet. Is COIN a Good Stock to Buy? Turning to Wall Street, COIN earns a Moderate Buy consensus rating based on 13 Buys, 11 Holds, and one Sell rating assigned in the past three months. The average COIN stock price target of $326.40 implies ~21% downside potential. Circle Internet Group (NYSE:CRCL) If Coinbase is the 'tried and true' heavyweight in crypto, then newly public Circle Internet Group (CRCL) is the shiny new breakout, drawing massive attention right out of the gate. Since its IPO at $31 in June, Circle's stock has skyrocketed nearly 1,000%, peaking just under $300 before settling at a recent price of $233.20. That meteoric rise in less than two months has pushed the company's market cap to nearly $45 billion—not a bad debut by any standard. For those less familiar, Circle is the issuer of USDC, a dollar-pegged stablecoin designed to maintain a 1:1 value with the U.S. dollar and fully backed by dollar reserves held by the company. Unlike volatile cryptocurrencies like Bitcoin or Ethereum, USDC offers price stability, making it an attractive option for crypto traders seeking a safe, dollar-backed asset, as well as international users looking for a reliable store of value or a fast, low-cost method for cross-border transactions. The stablecoin has become a powerhouse, reaching a $63.5 billion market cap and facilitating over $25 trillion in on-chain transactions. Circle's revenue model is deceptively simple and highly effective: it earns interest on the reserves backing USDC. In Q1 alone, that model generated $578.6 million in revenue and $122.4 million in adjusted EBITDA. Looking ahead, the company has also hinted at monetizing its network through new fee-based transaction services, potentially opening up another lucrative revenue stream. While Circle's fundamentals are strong, the near-term concern is valuation. After its explosive rally, the stock is now trading at a lofty 147x projected 2025 earnings—more than double Coinbase's forward P/E. On a price-to-sales basis, it also looks stretched at 17x 2025 revenue estimates. I like the company and the model, but after such a dramatic run, the valuation gives me pause in the short term. What is the CRCL Target Price? CRCL carries a Hold consensus rating based on five Buys, five Holds, and two Sell ratings assigned in the past three months. The average CRCL stock price target of $185.73 implies almost 21% downside potential over the next 12 months. Strategy (NASDAQ:MSTR) Finally, let's turn to Strategy (MSTR), the company formerly known as MicroStrategy before a recent rebrand. Originally a business intelligence software firm that went public in 1998—well before Bitcoin even existed—Strategy has completely reinvented itself. Under the leadership of founder and now Bitcoin evangelist Michael Saylor, the company pivoted to a bold new direction: using Bitcoin as a corporate treasury asset. It all began with a $250 million purchase of 21,545 BTC. Since then, the company has aggressively expanded its holdings to an astonishing 601,550 BTC —by far the most significant corporate stash in existence. The strategy has paid off handsomely. As Bitcoin's value surged, so did Strategy's market cap and share price. In fact, the stock has skyrocketed 3,748% over the past five years, essentially tracking the company's accumulation of Bitcoin. Saylor deserves credit for his vision and conviction—buying Bitcoin early and in size has delivered major gains for shareholders. But despite that success, I'm hesitant to buy the stock at current levels. The vast majority of Strategy's value is tied directly to its Bitcoin holdings, making traditional metrics like price-to-earnings largely irrelevant. Instead, the more meaningful comparison is the market cap versus the value of its Bitcoin. Currently, there's a disconnect: Strategy's market cap stands at $123.5 billion, while its Bitcoin holdings are valued at approximately $71.2 billion. That's a hefty premium. Moreover, Strategy no longer holds a monopoly on this approach. As noted by short seller Jim Chanos, over 100 public companies now hold Bitcoin on their balance sheets, meaning Strategy's once-unique position is becoming increasingly common—and that could erode its valuation premium over time. If the company's market cap were to dip below the value of its Bitcoin holdings, I'd reconsider. But for now, I see little justification for buying Strategy at this elevated valuation. What is the Target Price for MSTR? MSTR stock carries a Strong Buy consensus rating based on 11 Buys, zero Holds, and one Sell rating assigned in the past three months. The average MSTR stock price target of $541 implies almost 20% upside potential over the next 12 months. Coinbase Leads the Crypto Pack Bitcoin and the broader crypto ecosystem have firmly established themselves as part of the mainstream financial landscape. For equity investors seeking to capitalize on this growth, crypto-related stocks provide a compelling means of gaining exposure. Among the major players, I'm most bullish on Coinbase. Its comprehensive suite of products—spanning everything from trading and custody to staking and crypto-reward cards—gives investors broad exposure across the entire digital asset spectrum, including Bitcoin, Ethereum, altcoins, and stablecoins. Coinbase also enjoys strong brand recognition and a long-standing reputation in the industry. While the stock has had a strong run and is trading at a premium, its valuation still appears reasonable, especially when compared to the much more richly priced Circle. Speaking of Circle, I appreciate the company's long-term outlook and its core business model, centered around USDC, one of the most widely used stablecoins globally. However, after its post-IPO surge, the stock now looks significantly overvalued. I'd prefer to wait for a meaningful pullback before considering a position. As for Strategy (formerly MicroStrategy), there's no denying that CEO Michael Saylor made a bold and savvy move by pivoting early into Bitcoin. But at this point, the stock's value is almost entirely tied to its Bitcoin holdings, and it trades at a significant premium to the actual value of those assets. With other public companies now following a similar playbook, Strategy's unique edge has diminished. Of the three, it's the least compelling buy at current levels. In short, for investors bullish on the long-term future of crypto, Coinbase remains the most balanced and attractive equity play in the space today.
Finextra
17 hours ago
- Business
- Finextra
Coinbase makes superapp play
Crypto platform Coinbase has rebranded its Wallet app as Base, consolidating payments, trading, chat and social features into a single, blockchain-based 'superapp'. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Running on Coinbase's Base public blockchain network, the app is designed to help the cryptocurrency giant expand its userbase and mimic the success of Chinese superapps such as WeChat. Base includes a one-click checkout feature that lets users make payments with the USDC stablecoin. Coinbase unveiled the stablecoin payments stack, which is already live with Shopify, in June. The app also includes crypto trading functionality, chat, a social feed, support for mini apps ranging from games to prediction markets, and its own identity verification system called Base Account that lets users use their credentials to log into other apps.
Yahoo
17 hours ago
- Business
- Yahoo
Want to Bet on the Blockchain Boom? Buy These 2 Stocks Right Now
Written by Aditya Raghunath at The Motley Fool Canada With Bitcoin hovering near all-time highs, investors would be looking to gain access to the disruptive blockchain segment right now. In this article, I have identified two quality growth stocks that provide you with exposure to this rapidly expanding market, allowing you to generate outsized gains over the upcoming decade. Is this crypto stock a good buy right now? Valued at a market cap of US$104 billion, Coinbase (NASDAQ:COIN) is the largest cryptocurrency exchange globally. The tech stock has returned more than 475% to shareholders in the last three years as Bitcoin prices have risen from US$16,000 in early 2023 to US$120,000 today. Coinbase has increased sales from US$3.2 billion in 2022 to US$6.6 billion in 2023. Meanwhile, analysts forecast revenue to reach US$8.2 billion by 2028. The crypto heavyweight continues to expand its portfolio of products and solutions. It recently partnered with Shopify, bringing crypto payments to mainstream e-commerce. With over two million merchants now able to accept USDC payments on Shopify's platform, this creates a new revenue stream and demonstrates the real-world utility of cryptocurrency beyond trading. Coinbase's acquisition of Deribit, the leading crypto options platform with 80% market share, expands its derivatives capabilities and enhances institutional offerings. This transaction positions Coinbase as having the most comprehensive trading portfolio in the crypto space, spanning spot, perpetuals, and options. The new Coinbase Business product targets the underserved small and medium business market, offering comprehensive financial services including payments, treasury management, and earning opportunities with up to a 4.5% annual percentage yield on USDC holdings. This diversifies revenue beyond traditional retail trading. Recently, BlackRock confirmed that its Bitcoin ETF now manages more than US$72 billion in total assets, with potential for continued institutional adoption in the future. The upcoming Coinbase One card, offering 4% Bitcoin rewards, is expected to strengthen customer engagement while generating additional revenue through the American Express partnership. Is this crypto mining stock undervalued? Valued at a market cap of over $2.5 billion, Hut 8 (TSX:HUT) is a Canada-based crypto mining company. Hut 8's Q1 results reflect the growing pains of strategic transformation, with revenue declining 58% to US$21.8 million from US$51.7 million year-over-year. It reported a net loss of $134.3 million, primarily driven by a US$112.4 million non-cash loss on digital assets as Bitcoin's price declined from US$93,000 to US$82,500 during the quarter. Despite near-term headwinds, Hut 8's strategic repositioning appears promising. The launch of American Bitcoin, a majority-owned subsidiary backed by Eric Trump, enables the company to separate its capital-intensive mining operations from its core energy infrastructure business. This structure creates predictable revenue streams through colocation, managed services, and shared services agreements. Key operational improvements include a 79% increase in deployed hashrate to 9.3 exahash and a 37% improvement in fleet efficiency. Hut 8 maintains a robust balance sheet, holding 10,264 Bitcoin (valued at over US$1 billion) and having raised US$275.5 million through its equity program. The 10.8-gigawatt development pipeline, including the 592-acre River Bend campus in Louisiana, positions Hut 8 for growth in high-performance computing and AI data centres. With analysts maintaining bullish targets, the crypto mining stock is attractively positioned for investors betting on the energy infrastructure transformation, though volatility remains high at current levels. The post Want to Bet on the Blockchain Boom? Buy These 2 Stocks Right Now appeared first on The Motley Fool Canada. More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Aditya Raghunath has positions in Bitcoin. The Motley Fool recommends Bitcoin and Coinbase Global, Inc. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
