CO
Coinbase Global Inc.
COIN · Financial Technology
Company brief
CO
COINFinancial Technology$14.8B

Coinbase Global Inc.

Leading cryptocurrency exchange and digital asset infrastructure platform providing secure trading, custody, and financial services for individuals and institutions

Moat score
8.5/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$188
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-20%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
49.0x

Forward P/E around 49.0x means investors pay about $49.0 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
64.5x

A P/E around 64.5x means investors pay about $64.5 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$2.63
Market Cap
$51.6B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

COIN remains a high-beta crypto infrastructure name where trading fees and subscriptions stay central to results, but valuation still depends on execution and demand conditions.

Watch signal

Forward P/E remains around 49.0x while revenue growth trends are monitored.

What you own

Coinbase Global Inc. is exposure to financial technology operating model with high switching costs and 125% net revenue retention.

Base thesis

Regulatory compliance moat: Multi-jurisdictional licenses (NY BitLicense, EU MiCAR, etc.) create 2-3 year switching barriers

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
8.5Moat Score
Net Revenue Retention125%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Regulatory compliance moat: Multi-jurisdictional licenses (NY BitLicense, EU MiCAR, etc.) create 2-3 year switching barriers
  • Custody infrastructure: $130B+ assets under custody with institutional-grade security creates massive switching costs
  • Network effects: Largest US crypto exchange with deep liquidity pools - institutional clients stay for execution quality
  • Compliance infrastructure: Proprietary AML/KYC systems integrated with Chainalysis, Elliptic create operational lock-in
  • Prime brokerage stickiness: Multi-product suite (trading, custody, lending) increases customer lifetime value 3-5x