Coinbase's Citi Partnership and Strong Q3 Results Could Be a Game Changer for COIN

• On October 30, 2025, Coinbase Global reported third-quarter results showing significant year-over-year gains in revenue and earnings, and Citi announced a new collaboration with Coinbase to expand digital asset payment infrastructure for institutional clients.
• The combination of strong financial performance and expanded institutional partnerships underscores Coinbase's efforts to diversify beyond trading and strengthen its role in the institutional adoption of digital assets.
• We'll now examine how Coinbase's expanded partnership with Citi and robust third-quarter results may impact the company's investment narrative.

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Coinbase Global Investment Narrative Recap

To invest in Coinbase, you need to be confident that the company can transform itself from a trading-centric platform to a broader digital asset infrastructure leader, while weathering the volatility in crypto markets and regulatory changes. The recent late-stage acquisition talks with BVNK signal a potential acceleration in Coinbase's stablecoin and payments ambitions, yet the most important short-term catalyst remains whether the firm can sustain and grow its trading volumes in a still-cyclical market. At the same time, ongoing concerns about competition and margin pressure persist, and this latest news does not fundamentally change the risk profile in the near term.

The expanded buyback authorization, now totaling US$2,000 million following the October announcement, is especially relevant, reflecting management’s confidence in the company’s future and providing financial flexibility, but it does not directly address the risks tied to trading volume volatility or future revenue mix.

However, investors should be aware that, despite heightened excitement around acquisitions, fewer updates on actual trading activity could signal…

Read the full narrative on Coinbase Global (it's free!)

Coinbase Global's narrative projects $8.5 billion in revenue and $2.1 billion in earnings by 2028. This requires 8.3% yearly revenue growth and a $0.8 billion decrease in earnings from $2.9 billion currently.

Uncover how Coinbase Global's forecasts yield a $374.67 fair value, a 9% upside to its current price.

Exploring Other Perspectives

Twenty-five fair value estimates from the Simply Wall St Community span from US$140.90 to as high as US$510 per share. While future trading activity remains uncertain, these differences remind you to compare a range of opinions and consider how shifting volumes can impact the business.

Explore 25 other fair value estimates on Coinbase Global - why the stock might be worth less than half the current price!

Build Your Own Coinbase Global Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Coinbase Global research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Coinbase Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Coinbase Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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