Coinbase (NASDAQ: COIN) has won against the SEC and is now freer to build on the blockchain in the U.S.

This article explores the implications of Coinbase (NASDAQ: COIN) winning its case against the Securities and Exchange Commission (SEC).

Coinbase (NASDAQ:COIN) scored a huge win when the Supreme Court declined to hear the Securities and Exchange Commission's (SEC) appeal of the Gliwice case, which could open the door for more crypto products and services.

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Coinbase is now freer to build on the blockchain in the U.S., but can the company continue to gain momentum in 2025?

Coinbase stock has been a volatile investment over the past year, but it's clear that the company is making progress in expanding its business and introducing new products.

In a recent interview with Ben Armstrong, the host of the popular YouTube channel "Bastonconomic," Travis Hoium, a financial analyst at The Motley Fool, discussed Coinbase and what investors should be watching for in the coming months.

Here are some key highlights from their conversation:

Coinbase is becoming a broader financial technology company.

Coinbase started as a cryptocurrency exchange, but it's now branching out into other areas, such as payment processing and tokenized stock offerings. This expansion is part of Coinbase's effort to become a more complete financial technology platform.

"Coinbase is becoming a broader financial technology company, and I think that's going to be key for them to continue to grow in the U.S., especially as they're not going to have the same level of leeway to create new crypto products as they might have in other countries," Hoium said.

Investors should watch Coinbase's non-trading business.

Coinbase's trading revenue is heavily influenced by crypto prices, which can be unpredictable. However, Coinbase's non-trading business, which includes its subscription services and new products, is less volatile and could be a better indicator of the company's long-term health.

"I think it's going to be interesting to see if they can get that non-trading revenue to start flowing a little bit more heavily in 2025," Hoium noted.

Coinbase is making progress in expanding its business despite the crypto winter and the SEC's legal challenges.

"They're making good progress in expanding the business and getting new products out there. And I think that bodes well for the company to continue to grow and generate returns for investors," Hoium added.

Overall, Hoium is bullish on Coinbase stock and sees potential for further upside in the coming year. However, he cautions that investors should be aware of the risks involved in investing in a volatile stock like Coinbase.

"I think there's potential for Coinbase to go even higher from here. But again, it's a volatile stock, so investors need to be aware of that risk," Hoium concluded.

If you're looking for a long-term growth stock with potential for substantial gains, then Coinbase stock is worth considering. However, it's important to do your own research and invest in stocks that align with your individual financial goals and risk tolerance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.