According to analysis by banking giant JPMorgan, Coinbase could announce $1.2 billion in revenue next year, with passive returns to earn.
An increase in short-term interest yields could benefit Coinbase, according to analysis by Ken Worthington, a JPMorgan analyst.
According to JPMorgan’s estimations, Coinbase is only about to work with USDC’s maker Circle. 700 million dollars can earn income.
In addition, Coinbase is thought to be able to generate income from the fiat money deposited by customers on the stock market and the company’s own balance sheet. According to JPMorgan’s analysis, the company will thus 1.2 billion dollars can generate income.
Coinbase shares are down 2.6% today. From $74.60 is changing hands. However, JPMorgan has set its target for Coinbase shares. From $64 to $78 took it out.