Coinbase: Clear Beneficiary of the US Stablecoin law. Citigroup Raises the Price Target Significantly to $505 (+32%)
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The stock of Coinbase Global (COIN) is currently one of the leader stocks. Coinbase operates a trading platform for cryptocurrencies, offers wallets, custody services, staking, institutional services, and earns ongoing fees on transactions, custody, and staking reward commissions. The strongest and most sustainable growth drivers are the rapidly increasing adoption of stablecoins in the mass market, institutional adoption (especially through ETFs and custody mandates), the expansion of DeFi products, and the broadening of regulatory-compliant services...
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