奥本海默预测，Coinbase 将在区块链繁荣时期取得长期成功

奥本海默首次对 Coinbase (COIN) 给予跑赢大盘评级，并将目标价提高至 276 美元，理由是该公司的强势定位将受益于数字资产采用率的上升。该经纪商上调了 2024 年第一季度交易量预期，突显 Coinbase 稳定币 USDC 的流动性和使用量不断增长。尽管存在以太坊现货 ETF 延迟批准等潜在阻力，奥本海默仍然对加密货币交易所的长期增长前景持乐观态度。

Coinbase Poised for Long-Term Success Amidst Blockchain Revolution, Oppenheimer Predicts

奥本海默预测 Coinbase 将在区块链革命中取得长期成功

In a comprehensive research report released Wednesday, leading brokerage firm Oppenheimer expressed unwavering confidence in Coinbase's (COIN) long-term prospects, citing the company's strategic positioning amidst the burgeoning adoption of blockchain technology.

在周三发布的一份综合研究报告中，领先的经纪公司奥本海默表达了对 Coinbase (COIN) 长期前景的坚定信心，并列举了该公司在区块链技术迅速采用的背景下的战略定位。

Analysts Owen Lau and Guru Sidaarth project a remarkable 95% quarter-on-quarter and 107% year-on-year surge in Coinbase's 1Q24 trading volume, reaching a projected $300 billion. This surge is attributed to the continued adoption of digital assets, bolstered by the recent approval of exchange-traded funds (ETFs) for spot bitcoin (BTC).

分析师 Owen Lau 和 Guru Sidaarth 预计 Coinbase 2024 年第一季度的交易量将环比增长 95%，同比增长 107%，预计达到 3000 亿美元。这一激增归因于数字资产的持续采用，以及最近批准的现货比特币（BTC）交易所交易基金（ETF）的推动。

Beyond trading volume, Oppenheimer highlights the growing liquidity in the digital asset space. The average market capitalization of USD Coin (USDCUSD), a stablecoin issued by Circle and backed by Coinbase, has grown by 12% quarter-on-quarter, reaching $28 billion and projected to hit $31 billion by the end of 1Q24. Coinbase generates gross interest income on USDC outstanding balances, further enhancing its revenue streams.

除了交易量之外，奥本海默还强调了数字资产领域不断增长的流动性。由 Circle 发行、Coinbase 支持的稳定币 USD Coin (USDCUSD) 的平均市值环比增长 12%，达到 280 亿美元，预计到 2024 年第一季度末将达到 310 亿美元。 Coinbase 通过 USDC 未偿余额产生总利息收入，进一步增强其收入来源。

With the company's outlook brightening, Oppenheimer has revised its price target for Coinbase stock upward to $276 from its previous $200. At the time of publication, Coinbase shares were trading 2.5% higher at $258, reflecting the market's growing optimism.

随着公司前景的光明，奥本海默将 Coinbase 股票的目标价格从之前的 200 美元上调至 276 美元。截至发稿时，Coinbase 股价上涨 2.5%，至 258 美元，反映出市场日益乐观的情绪。

Since January, Coinbase's stock has soared over 100%, significantly outperforming the S&P 500 index's modest 6% gain. Oppenheimer acknowledges that such rapid growth may be accompanied by short-term volatility but remains bullish on the long-term trajectory of blockchain technology.

自 1 月份以来，Coinbase 的股价已飙升超过 100%，大幅跑赢标准普尔 500 指数 6% 的小幅涨幅。奥本海默承认，如此快速的增长可能伴随着短期波动，但仍然看好区块链技术的长期发展轨迹。

Despite the company's promising outlook, Oppenheimer cautions investors of potential headwinds. While the stock may have strong momentum, the delay in the approval of a spot ether (ETH) ETF could pose a risk. The report notes that the broker previously anticipated approval in May but now assesses a low probability of its occurrence.

尽管该公司前景乐观，但奥本海默警告投资者潜在的不利因素。尽管该股可能势头强劲，但现货以太坊 (ETH) ETF 的批准延迟可能会带来风险。该报告指出，该经纪商此前预计会在 5 月份获得批准，但现在评估其发生的可能性较低。

Overall, Oppenheimer's research report paints a compelling picture of Coinbase's long-term potential, underpinned by the transformative power of blockchain technology. While acknowledging near-term risks, the broker remains steadfast in its belief that Coinbase is well-positioned to capitalize on the accelerating adoption of digital assets.

总体而言，奥本海默的研究报告描绘了 Coinbase 在区块链技术变革力量的支撑下的长期潜力的令人信服的图景。在承认近期风险的同时，该经纪商仍然坚信 Coinbase 处于有利位置，可以利用数字资产的加速采用。