Morningstar
•
May 18, 2026
Coinbase Global, Inc.: Coinbase: Leaving Fair Value Estimate Unchanged at $160 Despite Prediction Market Success
Symbols
COINSector(s)
Financial Services
Rating
Current Price
193.33
Fair Value
Economic Moat
Stewardship
Summary
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue f
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