前总统唐纳德·特朗普（Donald Trump）推出了通过真理社会的美国战略加密保护区计划

加密货币市场刚刚发生了震撼 - 可以重新定义美国对数字资产的立场。

The cryptocurrency market just got a seismic jolt - one that could redefine America's stance on digital assets. Former President Donald Trump, once a vocal skeptic of Bitcoin, has now reversed course, aiming to make the U.S. “the crypto capital of the world.”

加密货币市场刚刚发生了震撼 - 可以重新定义美国对数字资产的立场。前总统唐纳德·特朗普（Donald Trump）曾经是比特币的人声持怀疑态度的，现在已经扭转了道路，旨在使美国成为“世界的加密首都”。

Trump unveiled plans for a U.S. Strategic Crypto Reserve via Truth Social, marking a paradigm shift in federal policy, and positioning Bitcoin (BTCUSD), Ethereum (ETHUSD), XRP (XRPUSD), Solana (SOLUSD), and Cardano (ADAUSD) as strategic holdings within the nation's financial arsenal.

特朗普通过真相社交宣布了美国战略加密保护区的计划，标志着联邦政策的范式转变，以及将比特币（BTCUSD），以太坊（Ethusd），XRP（XRPUSD），Solana（Solana（Solusd）和Cardano（Adausd））作为国家金融公司中的战略持有。

Far from a passive stockpile, this reserve signals active engagement - potential government purchases, asset management, and perhaps a regulatory reformation that could cement crypto’s legitimacy on a global scale. The mere announcement sent Bitcoin surging past $94,000 while altcoins, like Cardano, soared even higher, pushing the total crypto market cap up by a staggering $300 billion.

该储备远非被动储备，这是积极参与的信号 - 潜在的政府购买，资产管理，也许是监管改革，可以在全球范围内巩固加密货币的合法性。仅仅公告使比特币飙升了94,000美元，而Cardano等Altcoins则飙升甚至更高，使总加密货币市值提高了3000亿美元。

Coinbase Global (COIN), the leading U.S. crypto exchange, initially surged as well, with investors pricing in expectations for COIN to benefit from increased trading volumes. Yet, with COIN still far from its December peak, will this bold government pivot fuel a sustained rally, or is caution warranted for investors?

美国领先的加密货币交易所Coinbase Global（Coin）也最初激增，投资者的定价对硬币的期望有望受益于增加的交易量。然而，由于硬币远离其12月的峰值，这个大胆的政府会为投资者提供持续的集会，还是要为投资者谨慎吗？

Let's take a closer look.

让我们仔细看一下。

About Coinbase Stock

关于Coinbase股票

Delaware-based Coinbase Global, Inc. (COIN) is a juggernaut in the cryptocurrency realm, founded in 2012. With a market cap of $54 billion, it dominates as the world’s second-largest crypto exchange. As a titan of digital asset trading, it thrives on commissions, riding the volatility of bullish surges and bearish retreats. Coinbase courts both retail traders and institutional giants, cementing its dominance.

总部位于特拉华州的Coinbase Global，Inc。（Coin）是2012年成立的加密货币领域的剑圣领域。它的市值为540亿美元，是世界第二大加密交易所。作为数字资产交易的巨人，它在佣金中蓬勃发展，骑着看涨的潮流和看跌务虚会的波动。 Coinbase法院既零售商人又是机构巨头，巩固了其统治地位。

Beyond transactions, it is diversifying with subscription models like Coinbase One, fortifying its financial resilience. In an industry where regulation is both an obstacle and an opportunity, Coinbase deftly balances compliance and innovation, leveraging partnerships to anchor its foothold in the ever-shifting crypto landscape.

除了交易之外，它还与Coinbase One这样的订阅模型多样化，从而增强其财务弹性。在法规既是障碍和机会的行业中，共同基础都巧妙地平衡了合规性和创新，并利用合作伙伴关系将其立足于不断变化的加密景观奠定了基础。

Shares of Coinbase hit a 52-week high of $349.75 in early December, fueled by Bitcoin’s surge, rising USD Coin (BTCUSDC) adoption, and then-President-elect Trump’s pro-crypto stance.

Coinbase的股票在12月初的52周高点为349.75美元，这是由比特币的激增，USD Coin（BTCUSDC）采用的增长以及当时当选特朗普的Pro-Crypto立场的推动力。

Though the stock is now 36.4% below that peak, COIN has still gained 39.3% in six months, edging up just 2.6% over the past year.

尽管该股票现在低于该高峰的36.4％，但硬币在六个月内仍上涨了39.3％，在过去一年中仅增长了2.6％。

COIN’s recent rally came as Trump’s crypto reserve plan lifted sentiment, while the SEC dropping its lawsuit also provided a temporary boost.

由于特朗普的加密储备计划提出了情绪，而SEC撤销其诉讼也提供了暂时的提升，因此Coin最近的集会是出现的。

In terms of valuation, Coinbase stock trades at a premium, priced at 28.10 times forward earnings and 7.96 times sales. Investors are betting on its dominance as regulation clears and adoption grows.

在估值方面，Coinbase股票以溢价交易，价格为28.10倍远期收益和7.96倍的销售额。随着法规清除和采用的增长，投资者正在押注其主导地位。

Coinbase Beats Q4 Top and Bottom Lines

Coinbase击败Q4顶线和底线

Coinbase's Q4 earnings report, released on February 13, saw revenue hit $2.3 billion, up 138.2% year-over-year, easily beating analysts' projections of $1.91 billion.

Coinbase在2月13日发布的第四季度收益报告中，收入达到了23亿美元，同比增长了138.2％，轻松击败了分析师的预测19.1亿美元。

The Bitcoin rally past $100K after Trump's election win fueled a broader crypto surge, sending net income per share soaring 350% annually to $4.68, exceeding expectations of $2.40. Notably, the crypto winter had a significant impact on earnings, with Q4 2022 reporting a net loss.

在特朗普大选后，比特币集会超过$ 100,000美元，加剧了更广泛的加密货币激增，每股净收入飙升350％至4.68美元，超过了2.40美元的预期。值得注意的是，Crypto Winter对收入产生了重大影响，第二季度2022年报告净亏损。

Coinbase's handling of institutional assets also saw a strong performance, with assets under management rising 89% to $14 billion, displaying deeper on-chain engagement from institutions.

Coinbase对机构资产的处理也表现出色，管理资产上涨了89％，至140亿美元，显示了机构的更深层次链接。

Coinbase Global, Inc. - MSFT

Coinbase Global，Inc .- MSFT

Coinbase stock initially surged on Monday as upbeat earnings results and a broader risk-on market mood pushed up major U.S. stock indexes, although gains were later pared.

Coinbase股票最初周一飙升，因为乐观的收益结果和更广泛的风险市场情绪推动了美国主要股票指数，尽管后来获得了收益。

Coinbase shares rose as much as 12.8% to hit $254.97, extending gains from Friday's strong close after reporting better-than-expected earnings and a fourth-quarter earnings report that showed signs of stabilization in a turbulent year for crypto.

Coinbase股价上涨了12.8％，达到254.97美元，在报告了超过预期的收入和第四季度的收益报告后，周五的强劲收盘收益延长了收益，该报告显示出在Crypto的动荡一年中表现出稳定的迹象。

However, the stock later pared gains to trade up 6.6% in morning trading. A strong rally in Bitcoin (BTCUSD) pushed up the total crypto market cap by $300 billion, further aiding the stock.

但是，该股票后来在早晨交易中取得了6.6％的交易。比特币（BTCUSD）强烈的集会将总加密货币市值提高了3000亿美元，进一步促进了股票。

Coinbase had been struggling in 2024 due to a broader macroeconomic downturn that impacted investor risk appetite and sparked a sell-off in U.S. equities, especially in the tech sector.

由于更广泛的宏观经济下滑，Coinbase在2024年一直在挣扎，这影响了投资者的风险偏好，并引发了美国股票的抛售，尤其是在技术领域。

Coinbase shares dove 70% in 2023 as macroeconomic headwinds and a broader crypto downturn weighed on the stock.

Coinbase在2023年股票70％，因为宏观经济的逆风和更广泛的加密经济低迷的股票重视了该股票。

Coinbase shares hit a 52-week high of $349.75 in early December, fueled by Bitcoin's surge

Coinbase股票在12月初达到了52周的349.75美元，这是由比特币激增的推动力的