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Why Coinbase is undervalued, according to a top Wall Street analyst

Episode 49 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Mark Palmer, Managing Director and Senior Equity Research Analyst at BTIG. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] Coinbase shares are down over 70% on the year, a state of affairs compounded by a rough Q1, but one leading Wall Street analyst believes Coinbase may be undervalued.  In this episode …

Coinbase clients are staking more than $30 billion worth of crypto assets

Coinbase announced Thursday that is has more than $30 billion worth of crypto assets staked on its platform as of November 2021. Coinbase holds these assets on its Cloud platform, which it operates along with staking infrastructure firm Bison Trails. Coinbase acquired Bison Trails earlier this year for a reported price of above $80 million. Coinbase says Bison Trails is a non-custodial platform, meaning it does not control clients’ staked assets. Coinbase clients and non-custodial users have staked the massive …