伯恩斯坦說，隨著監管環境的改善，Coinbase（Coin）將加入金融主流。

經紀人伯恩斯坦（Bernstein）在周一的一份報告中說，隨著監管環境的改善，加密行業有望加入美國的金融主流，而Coinbase（Coin）的位置很好，可以從這些方面受益。

The crypto industry is expected to join the financial mainstream in the U.S. as the regulatory environment improves, and Coinbase (COIN) is well positioned to benefit from these tailwinds, broker Bernstein said in a report Monday.

經紀人伯恩斯坦（Bernstein）在周一的一份報告中說，隨著監管環境的改善，加密行業有望加入美國的金融主流，而Coinbase（Coin）的位置很好，可以從這些方面受益。

Bernstein initiated coverage of the crypto exchange with an outperform rating and a $310 price target. About 41% of Wall Street analysts have a buy rating on the stock, 7% sell and the rest hold, according to FactSet data.

伯恩斯坦（Bernstein）以跑贏大盤的評級和310美元的價格目標開始了加密貨幣交易所的覆蓋範圍。根據FactSet數據，約有41％的華爾街分析師對該股票的股票評級為7％，其餘的則持有。

The shares dropped 2% to $185.20 in early trading.

股票在早期交易中下跌了2％至185.20美元。

Bernstein: Coinbase to benefit from U.S. crypto hub ambitions and FIU registration

Bernstein：Coinbase受益於美國加密集線器的野心和FIU註冊

Regulatory clarity will result in more competition for Coinbase from fintech companies, brokers and banks, the report said.

報告說，監管清晰度將導致金融科技公司，經紀人和銀行的共同競爭更多。

Still, a "strong bull market and rising U.S. onshore dominance" is expected to more than offset market share and pricing pressures, analysts led by Gautam Chhugani wrote.

Gautam Chhugani的分析師寫道，儘管如此，預計“強勁的牛市和陸上優勢升高”將不僅僅是抵消市場份額和定價壓力。

An improving regulatory backdrop in the U.S. is a huge tailwind for digital assets, and President Donald Trump has promised to make the U.S. the "crypto capital of the world."

在美國，改進的監管背景是數字資產的巨大逆風，唐納德·特朗普總統已承諾將美國成為“世界的加密首都”。

The Securities and Exchange Commission (SEC) has formed a new crypto task force led by Commissioner Hester Peirce to draft new regulations for the industry.

美國證券交易委員會（SEC）已成立了由專員赫斯特·皮爾斯（Hester Peirce）領導的新加密工作組，以起草該行業的新法規。

Coinbase has done well to diversify beyond trading, the report said, and the exchange now has a strong presence in U.S. dollar stablecoins and crypto yield services, such as staking.

該報告說，Coinbase在超越交易之外的多樣化方面做得很好，現在的交易所現在在美元穩定的穩定股和加密貨幣收益服務（例如Staking）中擁有強大的業務。

Bernstein said it expects Coinbase to grow non-trading revenues by around a 31% compound annual growth rate (CAGR) between 2024-2026.

伯恩斯坦說，它預計Coinbase將在2024 - 2026年之間將非交易收入增長約31％。

This provides a "strong balance to cyclicality of trading revenues," the report added.

報告補充說，這為交易收入的周期性提供了強大的平衡。

Coinbase recently secured FIU registration, paving the way for a return to the Indian market, the company said in a blog post earlier this month.

該公司在本月初的博客文章中說，Coinbase最近獲得了FIU註冊，為重返印度市場鋪平了道路。