Coinbase 股票：分析师表示，除了交易所费用之外，还有看涨的赌注

加密货币分析师威尔·克莱门特 (Will Clemente) 将 Coinbase 的股票 (COIN) 比作风险投资式的机会，让人想起早期阶段的特斯拉。他强调了 Coinbase 向“加密货币超级应用程序”的演变及其在交易服务之外的扩展，包括推出 Base，这是一个以太坊第 2 层网络，可通过排序器费用产生大量收入。尽管最近市场波动，克莱门特相信 Coinbase 尚未开发的收入来源为投资者提供了巨大的长期潜力。

Coinbase Stock: A Compelling Investment Opportunity Beyond Exchange Fees

Coinbase 股票：超越交易所费用的极具吸引力的投资机会

Cryptocurrency analyst Will Clemente has drawn parallels between Coinbase's stock and Tesla's early days, highlighting the former's vast revenue-generating potential beyond its cryptocurrency exchange services.

加密货币分析师威尔·克莱门特 (Will Clemente) 将 Coinbase 的股票与特斯拉的早期发展进行了比较，强调前者除了加密货币交易服务之外还具有巨大的创收潜力。

Clemente posits that Coinbase is transforming into a "Crypto Super App," expanding its offerings to encompass a wider range of products and services. One such endeavor is Base, a Layer 2 network for Ethereum, which has emerged as a major revenue stream for the company through its sequencer fees.

Clemente 认为 Coinbase 正在转变为“加密超级应用程序”，扩大其产品范围以涵盖更广泛的产品和服务。其中一项努力就是 Base，这是以太坊的第 2 层网络，它已通过排序器费用成为该公司的主要收入来源。

Despite its nascent existence, Base Network has already amassed a significant total value locked (TVL) of $5.35 billion, translating to an estimated annual revenue of $360 million based on prevailing transaction volumes. This revenue source, often overlooked by traditional investors, represents a substantial untapped potential for Coinbase.

尽管刚刚成立，Base Network 已积累了 53.5 亿美元的总锁定价值 (TVL)，根据当前交易量计算，预计年收入为 3.6 亿美元。这一经常被传统投资者忽视的收入来源，代表着 Coinbase 尚未开发的巨大潜力。

While Coinbase's stock price has recently declined in tandem with broader market volatility, Clemente remains steadfast in his bullish outlook. He attributes the decline to the heightened uncertainty stemming from macroeconomic conditions and geopolitical tensions.

尽管 Coinbase 的股价最近随着更广泛的市场波动而下跌，但克莱门特仍然坚定其看涨前景。他将下降归因于宏观经济状况和地缘政治紧张局势带来的不确定性加剧。

Notably, ARK Invest, led by the renowned Cathie Wood, has been reducing its Coinbase holdings, divesting 3,689 shares in recent transactions. This trend, however, should not overshadow Coinbase's strong performance earlier in the year before the recent downturn.

值得注意的是，由著名的 Cathie Wood 领导的 ARK Invest 一直在减少其 Coinbase 持股，在最近的交易中剥离了 3,689 股。然而，这一趋势不应掩盖 Coinbase 在近期经济低迷前一年早些时候的强劲表现。

Clemente asserts that the recent dip in Coinbase's stock price presents a compelling entry point for long-term investors who recognize the company's untapped revenue streams and long-term growth trajectory.

Clemente 断言，Coinbase 股价最近的下跌为长期投资者提供了一个引人注目的切入点，他们认识到该公司尚未开发的收入来源和长期增长轨迹。

Coinbase's Path to Revenue Diversification

Coinbase 的收入多元化之路

Coinbase's metamorphosis into a "Crypto Super App" hinges on its ability to expand its revenue streams beyond exchange fees. The company has made significant strides in this regard, introducing a suite of products and services that cater to a wide range of customer needs.

Coinbase 变身为“加密货币超级应用程序”取决于其将收入来源扩展到交易所费用之外的能力。该公司在这方面取得了重大进展，推出了一系列产品和服务来满足广泛的客户需求。

These offerings include:

这些产品包括：

• Custody and prime brokerage services: Coinbase provides secure storage and trading solutions for institutional investors and high-net-worth individuals.
• Venture Capital and Investments: Coinbase Ventures invests in promising blockchain startups, leveraging its expertise and network to identify and support emerging technologies and companies.
• Analytics and Data Products: Coinbase Insights offers a range of data and analytics tools to empower investors with deep insights into the cryptocurrency market.
• Developer Tools: Coinbase Cloud provides developers with the infrastructure and tools they need to build and deploy blockchain applications.
• Payment Processing: Coinbase Commerce allows businesses to accept cryptocurrency payments, expanding the utility and accessibility of digital assets.

Sustainable Revenue Growth and Long-Term Potential

托管和大宗经纪服务：Coinbase 为机构投资者和高净值个人提供安全存储和交易解决方案。 风险投资和投资：Coinbase Ventures 投资有前途的区块链初创公司，利用其专业知识和网络来识别和支持新兴技术和公司分析和数据产品：Coinbase Insights 提供一系列数据和分析工具，使投资者能够深入了解加密货币市场。开发人员工具：Coinbase Cloud 为开发人员提供构建和部署区块链应用程序所需的基础设施和工具。支付处理：Coinbase Commerce 允许企业接受加密货币支付，扩大数字资产的实用性和可访问性。可持续的收入增长和长期潜力

Coinbase's revenue diversification strategy is poised to drive sustainable growth for the company in the coming years. The company's portfolio of products and services addresses the needs of a growing and increasingly diverse user base, from retail investors to institutional clients and developers.

Coinbase 的收入多元化战略有望在未来几年推动公司的可持续增长。该公司的产品和服务组合满足了从散户投资者到机构客户和开发商等不断增长且日益多样化的用户群的需求。

As the cryptocurrency industry matures and adoption accelerates, Coinbase is well-positioned to capture a significant share of the growing market. The company's strong brand recognition, established customer base, and commitment to innovation make it a formidable competitor in the rapidly evolving digital asset landscape.

随着加密货币行业的成熟和采用的加速，Coinbase 已处于有利地位，可以在不断增长的市场中占据重要份额。该公司强大的品牌知名度、成熟的客户群以及对创新的承诺使其成为快速发展的数字资产领域中的强大竞争对手。

Clemente's comparison of Coinbase's stock to Tesla in its early days is apt. Both companies have demonstrated a clear vision for the future of their respective industries and have the potential to transform the way we interact with technology and financial services.

克莱门特将 Coinbase 的股票与早期的特斯拉进行了比较。两家公司都对各自行业的未来展现了清晰的愿景，并有潜力改变我们与技术和金融服务互动的方式。

Conclusion

结论

While the recent market volatility has weighed on Coinbase's stock price, the company's long-term fundamentals remain strong. Its expanding revenue streams, commitment to innovation, and growing customer base point to a promising future for Coinbase. For investors seeking exposure to the burgeoning cryptocurrency industry, Coinbase's stock presents a compelling opportunity with the potential for significant returns over the long term.

尽管近期市场波动令 Coinbase 股价承压，但该公司的长期基本面依然强劲。其不断扩大的收入来源、对创新的承诺以及不断增长的客户群都预示着 Coinbase 充满希望的未来。对于寻求投资新兴加密货币行业的投资者来说，Coinbase 的股票提供了一个极具吸引力的机会，具有长期可观回报的潜力。