Coinbase: Takeaways after group dinner with COIN’s CFO; CLARITY Act a key catalyst

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Coinbase: Takeaways after group dinner with COIN’s CFO; CLARITY Act a key catalyst

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Coinbase

Takeaways after group dinner with COIN’s

CFO; CLARITY Act a key catalyst

Maintain Rating: BUY | PO: 218.00 USD | Price: 157.86 USD

On Monday, we hosted a group dinner with COIN’s CFO Alesia Haas. Following the 23 June 2026

meeting, we maintain our Buy rating and view the passage of the CLARITY Act as a key Equity

near-term catalyst for COIN, reinforcing its position as the #1 US partner for TradFi

institutions looking to move on-chain especially in the US. We see opportunities for Craig Siegenthaler, CFA

COIN in new business lines like prediction markets where it could create a DCM or with ResearchBofAS Analyst

Base where it could launch a native token to accelerate the expansion of its network. +1 646 855 5004

craig.siegenthaler@bofa.com

Regulatory clarity in the US removes offshore arbitrage MatthewResearch AnalystC. O'Neill

We view CLARITY Act as a key catalyst for COIN and the broader crypto markets, with BofAS

+1 646 855 1681

July shaping up as a critical window for potential passage before the November matthew.c.oneill@bofa.com

midterms. In our view, regulatory clarity would level the playing field, reduce the need for Kareem Seif

offshore development and attract more participants into the US. While this would Research Analyst

BofAS

increase competition, we believe COIN is well-positioned to capture institutional market +1 646 855 5759

share given its current scale and product breadth in the US. kareem.seif@bofa.com

Eli Abboud

Perps and prediction markets provide cross-sell opps ResearchBofAS Analyst

In May, COIN and Kalshi (private) received CFTC approval to launch perpetual futures in +1 646 855 5791 eli.abboud@bofa.com

the US.