The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
Coinbase is actively exploring opportunities within regions where regulatory frameworks for the cryptocurrency industry are well-defined. In the near future, its primary focus will be on the EU, U.K., Canada, Brazil, Singapore, and Australia.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
However, troubles in the world of crypto have put negative pressure on COIN stock. The end result, though, should be much higher prices for Coinbase shares over the coming years. That’s because more credible exchanges will rise to the top while the lesser competitors will fade into obscurity and notoriety.
Their COIN share price forecasts range from $30.00 to $275.00. On average, they predict the company's stock price to reach $85.70 in the next twelve months. This suggests a possible upside of 142.1% from the stock's current price.
After these problems pass, a more credible crypto market should benefit Coinbase. Investors should expect COIN stock to revisit $300 in 2025. Coinbase Global (NASDAQ: COIN) is among the best-known platforms where people can buy and sell Bitcoin ( BTC-USD) and other cryptocurrencies.
24 Wall Street research analysts have issued 1-year price objectives for Coinbase Global's shares. Their COIN share price forecasts range from $30.00 to $275.00. On average, they predict the company's stock price to reach $85.70 in the next twelve months.
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