Why analysts are not worried about the part of Coinbase after a profit

Coin fell 17%on Friday, only one day after Coinbase mainly posted disappointing win results. But according to various analysts, investors do not yet have to hurry to sell shares of the shares of the company.

The shares of the US Crypto Exchange can again gain ground, because it closes various strategic partnerships and acquisitions that, according to these analysts, broaden his customer base for its growing crypto and non-crypto services.

These deals must enable Coinbase to achieve stronger financial results in the subsequent quarters, so that the negative impact of the lower than expected income and weaker trade volumes is compensated for the second quarter on his share price, they added.

Coin finished on Friday acting at $ 314.69, about 25% below 52 weeks high from $ 419.78 reached in July, according to data from Yahoo Finance.

The decrease came one day after Coinbase had clocked $ 1.5 billion in total turnover, or 6% less than the estimates of analysts, according to the last financial report of the company. The adjusted income (EBITDA) amounted to $ 512 million in the same period, a decrease of 13% compared to the second quarter of 2024.

The matte financial results of Coinbase coincided with a drop-off in cryptocurrency trade volumes when the conflict in Iran-Israël came to a head and the back and forth tariff discussions by US President Donald Trump Tarief discussions invested investors. But the trading platform also reported a few silver performances in its latest report that could position the exchange to see significant revenue growth in the near future. Bernstein -analysts emphasized those initiatives in a note of 31 July.

To begin with, Coinbase acquired crypto-oriented derivatives Exchange Deribit, which means that the platform will be able to roll out eternal futures in the US and to take advantage of the very profitable derivatives market, the analysts noted.

“This should lead improved trade volumes in H2-Al-ready to reflect in guided transaction income in July,” said Bernstein analysts in their note.

They added that Coinbase recently unveiled its plans to become an “Everything Exchange” that could make gambling on real-world events and trade tokenized real-WORLD assets, shares, derivatives and token sale at an early stage-and a large extension outside the core services of the company.

The initiative would diversify the income of the Crypto exchange, which can reduce the effect of Crypto -Handelsvolumedips on the turnover of Coinbase during decline in the market for digital assets on the market, Bernstein analysts noted.

In a memorandum of 1 August, HC Wainwright & Co. analysts also pointed to the recent partnership of Coinbase with JP Morgan, the largest bank of the US, as another light in the company’s company.

According to the Agreement, JPMorgan Cases can link their Chase accounts to Coinbase to finance their accounts on the crypto exchange, which could encourage Coinbase customer base and ultimately strengthen the operating results. And with the help of Base, the decentralized network of Coinbase, customers can also change their Chase Rewards points for Circle’s USDC Stablecoin.

“Recently announced partnerships with some of the largest American banks to speed up the acceptance of crypto equipment,” said HC Wainwright & Co analyst of Coinbase, said in the memorandum.