Coinbase Price Target Upscaled to $292 Amid Bold Crypto Plans
The cryptocurrency exchange giant Coinbase used its 2025 State of Crypto summit in New York City to announce a raft of new products and partnerships. Notably, this indicates the company is planning to be more than a place to trade cryptocurrencies. Meanwhile, analysts upscaled the price target for COIN stock.
Coinbase has introduced a new payment protocol which will be adopted by Shopify, a native payments system powered by USDC and a business treasury management platform. Moreover, it presented Coinbase One Card, a Bitcoin-rewarding spending card. These payment services will be settled on Base, the Layer 2 blockchain created by Coinbase.
Cantor Fitzgerald analysts think this step might boost the revenue and demands of USDC. On the…
