Citi Targets $415 for “Crypto’s General Store” Coinbase

Analysts at the U.S. investment bank described Coinbase as “crypto’s general store.”

Citi Recommends Coinbase Stock

Citi sees upside in Coinbase stock. 

Analysts at the U.S. bank issued a $415 price target for COIN in a report published Tuesday, describing Coinbase as “crypto’s general store.” 

The report added that Coinbase “offers investors direct exposure to increased retail and institutional adoption” of digital assets that offers an “undeniably very large opportunity set” within the cryptocurrency ecosystem. 

Citi also said that the exchange’s “lean forward approach to regulatory compliance” could give it an edge over its competitors in the future. “To a degree, we think rising regulations could be a positive for Coinbase’s competitive positioning, particularly versus business models that predominantly rely on markets being unregulated,” the note read. 

Coinbase is currently the world’s second-largest centralized cryptocurrency exchange. Its biggest rival, Binance, trades about five times more volume today, but it’s also faced intense scrutiny from regulators around the world over the last few months. Coinbase, meanwhile, has been proactive in engaging with regulators, recently pushing for a unified framework for regulating cryptocurrencies in the U.S. 

The U.S. exchange went public on Nasdaq in April in what was described as a watershed moment for the cryptocurrency industry, hitting a valuation of $100 billion on market opening. Its recent ventures include a partnership with the NBA and forthcoming NFT marketplace. 

COIN closed at $325.54 Monday, which means Citi is forecasting a 27% price rise. 

The report also said that blockchain and the crypto markets present “an exceptionally large opportunity,” adding that it believes the technology is “here to stay.” 

OKCoin logo

OKCoin banner

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Coinbase Wants the U.S. to Revamp Crypto Regulations


Cryptocurrency exchange Coinbase is urging U.S. regulators to create a unified system of cryptocurrency regulations. Coinbase Lays Out Regulatory Suggestions Today, Coinbase published a document entitled “Digital Asset Policy Proposal:…

What is Rarible: A DAO for NFTs

What was once dismissed as a silly and expensive sector, NFTs give creators access to global markets in a way that’s never been possible before, and it’s all thanks to blockchain.Those familiar…

Coinbase Is Launching an NFT Marketplace in 2021


A waitlist for Coinbase’s new NFT marketplace went live today.  Coinbase to Enter NFT Space  Coinbase wants in on the NFT boom.  An early access waitlist for a new offering…

Coinbase NFT Marketplace Waitlist Soars Past 1.5 Million


Coinbase is following other major players into the NFT fray, including FTX U.S.,, and Visa. Consumer interest has exploded, with over 1.5 million signing up for the waitlist in…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *