Coinbase Global Inc Ordinary Shares - Class A

COIN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Coinbase: Leaving Fair Value Estimate Unchanged at $160 Despite Prediction Market Success

Michael Miller

May 8, 2026

Coinbase struggled in the first quarter as low cryptocurrency prices acted as a major headwind to the firm's trading and custody revenue. Coinbase will remain exposed to capital market conditions, but the firm made better-than-expected progress in controlling costs and expanding its product set.

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Coinbase Global Inc Ordinary Shares - Class A

Coinbase: Leaving Fair Value Estimate Unchanged at $160 Despite Prediction Market Success

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