Coinbase is gaining long‑term attention for its bank partnerships rather than short‑term trading revenue

Coinbase is being tipped for large long‑term gains as it continues building the backend infrastructure that banks are now using to offer crypto services according to reporting from ￰0￱ reported earlier that Coinbase’s third‑quarter revenue surged to $1.87 billion which came in above the $1.8 billion expectation triggering a 9% rally on the COIN stock rose by 9% by Friday’s ￰1￱ company has been partnering with Wall Street giants like JP Morgan

Citi and PNC who are all using Coinbase to provide crypto access inside their platforms calling it a foundational build

not a short‑term revenue ￰2￱ adopt Coinbase infrastructure In late July Coinbase said it would integrate its institutional Crypto‑as‑a‑Service platform into PNC allowing its clients to buy hold

and sell crypto directly from their existing bank ￰3￱ in the month Coinbase announced multiple product offerings with ￰4￱ offerings link Chase bank accounts to Coinbase ￰5￱ can move funds directly between the ￰6￱ can also transfer Chase Ultimate Rewards points into Coinbase ￰7￱ can also fund their Coinbase accounts with Chase credit ￰8￱ is where Coinbase moves from being an exchange people log into separately to being a built‑in layer inside normal banking ￰9￱ analyst Gautam Chhugani wrote that Coinbase is “fast becoming the AWS of crypto financial infrastructure as big banks such as JPM Citi PNC choose Coinbase as their crypto partner.” Chhugani refers to Amazon Web Services

which is the unseen backend behind most major tech ￰10￱ framing is being used to describe Coinbase’s position as financial systems adopt blockchain rails for ￰11￱ outline expected upside Bernstein has an outperform rating on Coinbase with a price target of $510 which would represent 55% ￰12￱ analysts wrote that Coinbase is “executing on its crypto dream where blockchain rails would re‑architect capital markets banking and payments.” They also stated that the company’s path is not based on token price cycles but on building a business that services institutional financial ￰13￱ holds an equal‑weight rating with a price target of $357

which implies 8.7% ￰14￱ analysts said its management expressed confidence in active developments across payments exchanges and capital ￰15￱ has a buy rating and a $400 price target implying 21.8% ￰16￱ analysts wrote that management is seeing strong demand for stablecoin ￰17￱ stated that Coinbase continues to receive partnership mandates from large firms such as Citi and BlackRock while also seeing increased interest from small and medium‑sized ￰18￱ has a buy rating and a $470 price target

which implies 43.1% ￰19￱ analysts wrote that over 1,000 businesses are currently using Coinbase for stablecoin payments and that another 1,000 businesses are on the ￰20￱ listed partnerships with Citi Stripe PayPal Revolut

Webull and Shopify as examples of how Coinbase is now being used as the on‑chain payments gateway for companies building crypto‑based transaction ￰21￱ you're reading this you’re already ￰22￱ there with our newsletter .