JPMorgan Boosted Coinbase: $34 Billion Opportunity

Positive Assessment from JPMorgan for Coinbase

JPMorgan has upgraded its rating on Coinbase to 'overweight'. The institution reported that the risks in the cryptocurrency market have decreased and that Coinbase's valuation appears attractive compared to its competitors.

Value Increase Expectation with Base Token

According to the report, the potential Base token could add 4–12 billion dollars to Coinbase's value. It is stated that the company aims to grow in this area by evaluating its layer two blockchain.

Profit Increase with USDC and Coinbase One

In addition, USDC yield segmentation and Coinbase One growth could increase Coinbase's earnings by approximately 1 dollar per share.