Argus gave Coinbase a buy rating: research and development, mergers and acquisitions drive valuation beyond traditional exchanges.

Argus recently gave Coinbase Global a "buy" rating, believing that this cryptocurrency exchange platform has continued its strong growth momentum, and the recently passed "Cryptocurrency Innovation and Regulatory Act" is expected to become a new engine for its business expansion. Argus analysts Kevin Heal and Masako Inagaki pointed out in their research report that Coinbase's continuous investment in research and strategic acquisitions is expected to effectively increase the platform's daily active user base. However, they also cautioned that the current stock price valuation has exceeded fundamental performance.