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Coinbase Bets on Tech to Drive Growth and Stay Ahead of Trends

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Key Takeaways

  • Coinbase spent 17% of Q1 2025 revenues on tech to boost innovation and platform scalability.
  • COIN's tech focus supports DeFi, staking, NFTs, and builds trust with users and regulators.
  • EPS estimates for COIN's 2025 and 2026 have risen 22.8% and 2.7%, signaling an improved outlook.

Technology and development spending is an important part of Coinbase Global’s (COIN - Free Report) long-term growth strategy, reflecting its focus on innovation, platform scalability, and gaining a competitive edge. In the dynamic digital asset space, ongoing investments in technology and development enable Coinbase to develop secure, efficient, and user-centric infrastructure that serves both retail and institutional clients. 

Such expenditures support upgrades to core systems like the trading engine, wallet solutions, blockchain integrations, and overall platform resilience, key to retaining existing users and attracting new ones. Technology and development expenses were 17% of total revenues in the first quarter of 2025.

Coinbase’s emphasis on technology and development ensures that it remains aligned with fast-changing industry trends, including decentralized finance (DeFi), staking, derivatives, and NFTs. These initiatives help broaden revenue sources beyond transaction fees and position the crypto leader to meet evolving user demands. Tools such as Coinbase Cloud and Base, its Ethereum Layer-2 network, reflect this innovation, targeting advanced users and developers.

Technology and development spending enhance Coinbase’s responsiveness to regulatory, security, and technological shifts. As the digital asset sector faces heightened global scrutiny and cybersecurity risks, Coinbase’s proactive efforts in compliance automation and infrastructure development reinforce trust among users and regulators. In the long run, such spending concretizes Coinbase’s position in the maturing digital asset ecosystem.

What About COIN’s Competitors?

Technology and development expenses are essential to Robinhood Markets’ (HOOD - Free Report) long-term growth, supporting platform stability, expanding product offerings, and enhancing user experience. Continued innovation investment enhances scalability, strengthens security, and helps the company maintain a competitive edge in the fast-changing fintech and digital asset landscape.

Interactive Brokers Group, Inc. (IBKR - Free Report) , long-term growth relies heavily on technology and development expenses, which help maintain a high-speed, low-cost trading platform for active and institutional investors. Continued investment in innovation strengthens platform stability, supports global expansion, and enables the introduction of sophisticated tools and automation across multiple asset classes.

COIN’s Price Performance

Shares of COIN have gained 42.3% year to date, outperforming the industry.

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COIN’s Expensive Valuation

COIN trades at a price-to-earnings value ratio of 57.1, above the industry average of 15.8. But it carries a Value Score of F.

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Image Source: Zacks Investment Research

Estimates for COIN Witness Northward Movement

The Zacks Consensus Estimate for COIN’s second-quarter and third-quarter 2025 EPS has moved up 10.3% and 7.1%, respectively, over the past 30 days. The same for full-year 2025 and 2026 has increased 22.8% and 2.7%, respectively.
 

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Image Source: Zacks Investment Research

The consensus estimate for COIN’s 2025 and 2026 revenues indicates a year-over-year increase. While the consensus estimate for COIN’s 2025 EPS indicates a decline,  the same for 2026 EPS reflects an increase.  

COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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