Coinbase Global (COIN) is drawing fresh attention after partnering with Better Home & Finance to fund the first Fannie Mae backed, Bitcoin secured mortgage, while also rolling out regulated crypto derivatives for U.S. customers.

See our latest analysis for Coinbase Global.

Despite a steady stream of product launches in derivatives, stablecoins, and token backed mortgages, Coinbase’s recent share price momentum has been weak, with the stock down 23.0% on a 30 day share price return basis and 35.6% year to date. However, the 3 year total shareholder return of about 1.9x still reflects a very different longer term picture.

If you are rethinking your exposure to crypto platforms after Coinbase’s recent moves, it could be a good moment…