"Take Control" Event Expands Tradable Assets at Coinbase, Reiterate Buy

研报英文原文证据摘录

"Take Control" Event Expands Tradable Assets at Coinbase, Reiterate Buy

Deutsche Bank

Research

Rating Company Date

Buy Coinbase 17 June 2026

North America Reuters Bloomberg Rating Buy

United States COIN.OQ COIN US Price target (USD) 208.00 Price at 15 Jun 26 169.62

52-week range 419.78 – 141.09

Financial

Brokers, Asset Managers & Valuation & Risks

Exchanges

"Take Control" Event Expands Tradable

Assets at Coinbase, Reiterate Buy BrianResearchBedell,AnalystCFA

+1-212-250-6600

“Take Control” announcements lean into “Everything Exchange”, Payments & AI

Son Nguyen At Coinbase's second annual System Update event, titled "Take Control," CEO Research Associate

Brian Armstrong and the management team detailed the next evolution of the +1-212-250-9311

"Everything Exchange" vision, with key focus on expanding available trading

assets (including tokenized stocks, equity options, pre-IPO perpetual futures, and Erika Nelson

Research Associate prediction market combos), as well as deeper on-chain integration via the Base

+1-212-250-9986

blockchain and stablecoin payments within the Coinbase Developer Platform.

Overall, we view the "Take Control" event positively, and while the near-term

financial impact is difficult to quantify, we think these new products and services

can significantly bolster Coinbase's competitive moat against both DeFi-focused

peers and traditional finance entrants, and diversify the revenue stream over time.

While we are not changing estimates with this report, we reiterate our Buy rating

and PT of $208.

Expanding the "Everything Exchange" with new assets and tools

• Tokenized stocks: Starting in July, Coinbase will introduce one-for-one

backed tokenized stocks for non-US users with actual stock ownership,