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: Reducing Fair Value Estimate to $150 From $160 as Cryptocurrency Prices Collapse

Michael Miller

Jun 25, 2026

Cryptocurrency market conditions continue to weaken, with total market capitalization falling to just over $2 trillion on June 25, down more than 50% from the late 2025 high. The severity of the decline puts further pressure on Coinbase, which already saw weak results in the first quarter.

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Coinbase Global Inc Ordinary Shares - Class A

Coinbase: Reducing Fair Value Estimate to $150 From $160 as Cryptocurrency Prices Collapse

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