Coinbase

Coinbase is partnering with payments infrastructure provider Moov to let over 1,000 community banks and credit unions offer stablecoin acceptance, settlement and real-time funding without building their own crypto infrastructure. Moov will integrate Coinbase Developer Platform custodial wallet accounts and Payments API to support consumer payments, merchant acceptance, merchant settlement and payouts. The move aims to help smaller institutions provide digital-asset services as stablecoins grow in payment and financial-use cases. » More on finance.yahoo.com

Morgan Stanley initiates coverage of Coinbase with an "Equal Weight" rating and a $250 price target, implying roughly 40% upside from the current price. Analyst Michael Cyprys praises Coinbase’s evolution from a pure exchange to a comprehensive platform (trading, custody, stablecoin, derivatives, staking, payments, on-chain infrastructure), but sees the business as still tightly linked to the volatile crypto cycle. A wide range of possible outcomes (USD 50–400), rising competition and pricing pressure justify the neutral stance; Morgan Stanley forecasts adjusted EBITDA of about USD 3.0 billion for 2026. » More on de.investing.com

At the Goldman Sachs Communacopia + Technology Conference, Coinbase said it has evolved from a pure spot trading platform into a broader "Everything Exchange." Bitcoin spot volumes now account for just over 10% of revenue (down from more than 50% at IPO), while subscription revenue has risen to an annualized roughly $2.5 billion. Coinbase is expanding into derivatives, equities and prediction markets, custodies about 12% of global on-chain crypto assets, and views the improved regulatory environment in the US as a catalyst for faster product rollouts. Management continues to target positive adjusted EBITDA and expects 2026 spending to be similar to 2025, citing perpetual futures, cross-margining and USDC growth as key growth areas. » More on de.investing.com