Coinbase Buy Rating
BTIG Reaffirms Coinbase Buy Rating As Bitcoin Surpasses $85,000 And Crypto Stocks Rally
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Key Points
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Coinbase’s retail IPO platform does not guarantee allocations: users may receive all, part, or none of their requested shares depending on demand and availability. For the debut Oura offering, the company planned to sell 50 million units at an expected $40-$44 price range.
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Coinbase’s proposed single-stock perpetual futures would offer leveraged exposure to individual equities, allowing traders to maintain positions indefinitely as long as they meet margin requirements; a funding-rate mechanism would help keep contract prices aligned with the underlying stocks.
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The SEC had separately introduced a five-year exemption for tokenized-stock trading, while the CFTC proposed a framework that could allow software providers to route users into prediction markets without broker registration.
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Coinbase CFO Alesia Haas said the company welcomed regulators’ approach to innovation and rulemaking; she also said prediction markets had surpassed $100 million in annualized revenue and grown 106% quarter over quarter in the second quarter.
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The broader Bitcoin rally was accompanied by the liquidation of roughly $250 million in crypto short positions over four hours, while renewed oil-supply concerns pushed the U.S. 30-year Treasury yield as high as 5.34%.
Coinbase shares rallied as Bitcoin surged above $80,000 and then $85,000, with analyst firm BTIG reaffirming a Buy rating and $240 price target—implying roughly 39% upside from mid-September. BTIG cited Coinbase's expansion into payments, stablecoins, tokenized assets, and retail IPO access, alongside deep institutional adoption among major banks. The rally came after Congress failed to advance the Clarity Act, prompting the SEC and CFTC to introduce new crypto frameworks instead.
Bitcoin's climb to $85,000 liquidated roughly $250 million in crypto short positions in four hours. Crypto News reported that Coinbase launched retail access to IPO allocations through its FINRA-registered brokerage, debuting with Oura Health's offering of 50 million shares at an expected $40–$44 range. The moves position Coinbase as a challenger to traditional financial platforms.
Coinbase Expands Into Retail IPOs and Single-Stock Futures
Coinbase opened its IPO allocation platform to retail traders, starting with Oura Health. Forbes noted that Coinbase customers may receive all, part, or none of their requested shares based on demand. The company also submitted filings to launch perpetual futures tied to 50–60 major U.S. stocks, offering leveraged exposure without expiration dates.
These perpetual futures use a funding-rate mechanism to keep contract prices aligned with underlying stocks. Coinbase CFO Alesia Haas told analysts the company welcomed regulators' innovation approach. Securities.io reported that Coinbase prediction markets surpassed $100 million in annualized revenue, growing 106% quarter-over-quarter in Q2.
SEC and CFTC Clear Path for Crypto Trading Innovation
After Congress stalled the Clarity Act, federal regulators stepped in with new frameworks. The SEC introduced a five-year exemption for tokenized-stock trading, while the CFTC proposed rules allowing software providers to route users into prediction markets without full broker registration. Crypto News highlighted that these moves bypass congressional gridlock.
The regulatory shifts signal a pivot toward crypto-native financial products in traditional markets. Forbes reported that oil-supply concerns pushed the U.S. 30-year Treasury yield as high as 5.34%, reflecting macro turbulence alongside crypto expansion. Broader institutional adoption continues despite volatility.
BTIG Initiates Coverage of American Bitcoin on Trump Strategy
BTIG launched coverage of Eric Trump-backed American Bitcoin with a Buy rating and $15 price target. The Crypto Times reported the company holds roughly 8,000 Bitcoin, operates extensive mining facilities with about 90,000 miners, and plans to expand crypto reserves through acquisitions. In Q2, the firm mined 932 Bitcoin at an estimated cost of $36,500 per coin.
American Bitcoin's strategy centers on low-cost mining and balance-sheet accumulation. However, Coinpedia noted the company reported a $57.2 million net loss and has experienced sharp stock-price declines and extreme volatility. BTIG emphasized the holdings' upside if Bitcoin prices climb further.
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