Coinbase (COIN) is currently trading at $197.22, down 12.8% year-to-date, but up 16.4% over the past month. The company holds $11.285 billion in cash, has repurchased $1.7 billion worth of stock, and currently has 21 "Buy" ratings with a consensus target price of $250.76. Morgan Stanley designated Coinbase as the custodian in its Bitcoin ETF filing. Recent key regulatory wins for Coinbase include dismissing the lawsuit from the U.S. Securities and Exchange Commission (SEC) and passing the (GENIUS Act). Additionally, the platform has expanded to 12 products, each generating over $100 million in annual revenue.

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