Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released a new Bybit TradFi x Crypto Report looking beyond PEs in evaluating the growth potential of Coinbase Global Inc. (NASDAQ: COIN). While the U.S.-based cryptocurrency exchange trades at premium valuations, positive regulatory momentum, institutional acceptance, and Coinbase's strategic product launches position it for continued top-line expansion.

The latest report follows a recent analysis tracking Circle's ascend, the new stablecoin darling on Wall Street whose initial public offering far exceeded traditional analysts' valuations. 

Key Findings:

Four Growth Vectors Converging Under Regulatory Tailwinds

The analysis identifies multiple expansion channels being unlocked simultaneously: perpetual futures trading, enhanced stablecoin monetization through USDC profit-sharing, diversified subscription services, and international expansion through MiCA licensing in the EU and new market entry in Asia and Latin America. The convergence of these growth vectors under improving regulatory conditions creates a compounding effect that traditional valuation models may underestimate.

These parallel initiatives reinforce each other, creating multiple paths to revenue growth even if individual segments underperform expectations.

Coinbase's historic inclusion in the S&P 500 on May 19, 2025â??becoming the first digital asset player to join the indexâ??marks a watershed moment validating crypto's integration into mainstream finance. The report notes that COIN's performance remains closely tied to crypto market sentiment and regulatory developments, making it more suitable for investors with longer time horizons and higher risk tolerance rather than those seeking short-term stability.

Disclaimer: Past performance does not guarantee future results. Nothing contained herein constitutes investment advice. Investors should conduct their own research and consider their risk tolerance before making investment decisions.

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About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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SOURCE Bybit

SOURCE: Bybit

COMTEX_466921025/2197/2025-07-04T07:00:00