At the 2025 State of Crypto Summit in New York City, Coinbase announced a range of new products and partnerships, indicating its intention to expand beyond simple cryptocurrency trading.
New Products and Payment Systems
Coinbase introduced a new payment protocol to be adopted by Shopify, a native payments system powered by USDC, and a business treasury management platform. Additionally, it unveiled the Coinbase One Card, which allows users to earn Bitcoin on their spending. These payment services will leverage the Base Layer 2 blockchain created by Coinbase.
Expansion into Derivatives
Coinbase is also venturing into the crypto derivatives market. The firm announced plans to introduce CFTC-regulated U.S. perpetual futures and integrate Deribit, a popular crypto derivatives exchange, into Coinbase Prime.
Analysis and Stock Forecasts for Coinbase
Cantor Fitzgerald analysts believe these initiatives could boost revenue and demand for USDC. Despite weaker than anticipated trading figures for the second quarter, estimated between $230 and $250 billion, the firm has lowered its 2025 revenue expectations by 4%. However, Coinbase shares have received an ‘overweight’ rating, with a 12-month price target raised to $292 from $253.
Coinbase's announcements at the New York summit demonstrate the company's commitment to diversifying its services and strengthening its positions in the cryptocurrency market, which may impact its future growth and development.
