Coinbase Global (COIN): Why Predictions Market Matters

Coinbase Global, Inc. (NASDAQ:COIN) is among the best cryptocurrency stocks to buy right now. On April 21, Cantor Fitzgerald raised its price target on Coinbase Global, Inc. (NASDAQ:COIN) shares to $250 from $221 and reiterated an Overweight rating on the stock. The firm based its action on Coinbase’s product outlook.

Coinbase Global Inc (COIN): Why Predictions Market Matters

Cantor Fitzgerald expects Coinbase management’s Q1 2026 commentary to focus heavily on future demand trends and product roadmap. On the product outlook, the firm noted that Coinbase’s prediction markets business, which launched this year, has continued to attract strong interest.

The prediction market is particularly a bright spot for companies like Coinbase. According to the investment firm Bernstein, the prediction market size is poised to expand by 370% compared to last year to reach a record of $240 billion in trading volume in 2026. The firm projects the market to expand at a compound annual growth rate of 80% over the next few years to hit $1 trillion by 2030. Bernstein analysts expect increased regulatory clarity to boost the potential of the prediction market.

Cantor Fitzgerald says that investors will be looking for updates on the regulatory landscape at Coinbase’s Q1 earnings call scheduled for May 7.

Beyond prediction markets, Coinbase is expanding its lending business. On April 20, the company announced the launch of its crypto-backed loan service in the UK. This service allows users to take out loans against their crypto assets, such as Bitcoin, as collateral. Coinbase’s crypto-backed lending service launched in the US in January 2025.

Coinbase Global, Inc. (NASDAQ:COIN) operates the largest crypto exchange in the US. It also serves global customers. The Coinbase platform allows users to buy, sell, store, and manage a wide variety of cryptocurrencies, including Bitcoin and Ethereum.

While we acknowledge the risk and potential of COIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COIN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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