We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coinbase Powers Webull's Crypto Trading Expansion in Canada
Read MoreHide Full Article
Key Takeaways
Coinbase brings crypto trading and institutional-grade custody to Webull Canada through its platform.
Webull retains customers while Coinbase supplies liquidity, trading technology and custody services.
Coinbase's Canada expansion creates a potentially scalable, asset-light revenue opportunity.
Coinbase Global (COIN - Free Report) recently expanded its partnership with Webull to bring crypto trading and custody to Canada. This strategic endeavor once again reflects that COIN is leaving no stone unturned to be a critical infrastructure for the global financial system’s transition toward digital assets.
Under the agreement, Webull Canada will use Coinbase’s Crypto-as-a-Service platform for trade execution and institutional-grade custody. The companies have already introduced similar offerings in the United States, Brazil and Australia, allowing Coinbase to monetize its technology and infrastructure internationally without directly acquiring retail customers.
Webull Canada Crypto Limited, regulated by the Canadian Investment Regulatory Organization, will provide order-execution-only crypto trading. Coinbase Canada operates as a registered Restricted Dealer. This regulatory framework, coupled with rising demand for digital assets, supports the expansion of institutional-grade crypto services.
Coinbase will supply liquidity, trading technology and custody services, while Webull retains the customer relationship. This arrangement creates a potentially scalable, asset-light revenue opportunity for Coinbase as brokers, banks and fintech platforms increasingly seek to add crypto capabilities.
The expansion also appears well timed. An Ontario Securities Commission survey showed that crypto-asset ownership in Canada rose to 25% from 10% in 2023. Against this backdrop, Coinbase is strengthening its position at the center of the financial sector’s transition onchain.
What About COIN’s Peers?
Circle Internet Group’s (CRCL - Free Report) international expansion strengthened its position as a global fintech powerhouse. By expanding its footprint across Europe, Asia and Latin America, Circle has gained stronger access to regulated digital markets. By accelerating global USDC adoption, Circle positions itself for sustained growth and leadership in the rapidly evolving digital financial ecosystem.
Robinhood Markets’ (HOOD - Free Report) international expansion enables it to tap into rising global retail investing demand. By establishing operations in the United Kingdom and Asia, Robinhood broadens revenue streams and reduces reliance on U.S. markets. With strategic acquisitions and regional hubs, Robinhood is well-positioned for sustained growth and a stronger presence in the global fintech landscape.
COIN’s Price Performance
Shares of COIN have lost 16.8% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive Valuation
COIN trades at a price-to-earnings ratio of 78.19, significantly above the industry average of 17.02.
Image Source: Zacks Investment Research
Estimate Movement for COIN
The Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2026 earnings per share (EPS) witnessed southbound movement in the last 30 days. The same holds true for 2026 and 2027.
Image Source: Zacks Investment Research
The consensus estimates for COIN’s 2026 revenues and earnings indicate year-over-year decreases. Nonetheless, the consensus estimates for 2027 revenues and earnings imply year-over-year increases.
COIN stock currently carries a Zacks Rank #5 (Strong Sell).
View the Zacks #1 Rank List
Image: Bigstock
Coinbase Powers Webull's Crypto Trading Expansion in Canada
Key Takeaways
Coinbase Global (COIN - Free Report) recently expanded its partnership with Webull to bring crypto trading and custody to Canada. This strategic endeavor once again reflects that COIN is leaving no stone unturned to be a critical infrastructure for the global financial system’s transition toward digital assets.
Under the agreement, Webull Canada will use Coinbase’s Crypto-as-a-Service platform for trade execution and institutional-grade custody. The companies have already introduced similar offerings in the United States, Brazil and Australia, allowing Coinbase to monetize its technology and infrastructure internationally without directly acquiring retail customers.
Webull Canada Crypto Limited, regulated by the Canadian Investment Regulatory Organization, will provide order-execution-only crypto trading. Coinbase Canada operates as a registered Restricted Dealer. This regulatory framework, coupled with rising demand for digital assets, supports the expansion of institutional-grade crypto services.
Coinbase will supply liquidity, trading technology and custody services, while Webull retains the customer relationship. This arrangement creates a potentially scalable, asset-light revenue opportunity for Coinbase as brokers, banks and fintech platforms increasingly seek to add crypto capabilities.
The expansion also appears well timed. An Ontario Securities Commission survey showed that crypto-asset ownership in Canada rose to 25% from 10% in 2023. Against this backdrop, Coinbase is strengthening its position at the center of the financial sector’s transition onchain.
What About COIN’s Peers?
Circle Internet Group’s (CRCL - Free Report) international expansion strengthened its position as a global fintech powerhouse. By expanding its footprint across Europe, Asia and Latin America, Circle has gained stronger access to regulated digital markets. By accelerating global USDC adoption, Circle positions itself for sustained growth and leadership in the rapidly evolving digital financial ecosystem.
Robinhood Markets’ (HOOD - Free Report) international expansion enables it to tap into rising global retail investing demand. By establishing operations in the United Kingdom and Asia, Robinhood broadens revenue streams and reduces reliance on U.S. markets. With strategic acquisitions and regional hubs, Robinhood is well-positioned for sustained growth and a stronger presence in the global fintech landscape.
COIN’s Price Performance
Shares of COIN have lost 16.8% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive Valuation
COIN trades at a price-to-earnings ratio of 78.19, significantly above the industry average of 17.02.
Image Source: Zacks Investment Research
Estimate Movement for COIN
The Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2026 earnings per share (EPS) witnessed southbound movement in the last 30 days. The same holds true for 2026 and 2027.
Image Source: Zacks Investment Research
The consensus estimates for COIN’s 2026 revenues and earnings indicate year-over-year decreases. Nonetheless, the consensus estimates for 2027 revenues and earnings imply year-over-year increases.
COIN stock currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.