Coinbase to Benefit From Increased Institutional Crypto Adoption: Benchmark

Coinbase (COIN) has established the industry's most scaled crypto trading platform with a domestic market share of around 66%, broker Benchmark said in a report Wednesday, while also initiating coverage of the stock.Benchmark assumed coverage of Coinbase with a buy rating and a $252 price target. The shares were over 4% higher at around $198 in early trading.The crypto exchange offers a "comprehensive suite of products and services aimed at facilitating the adoption and use of digital assets by both retail and institutional investors," analyst Mark Palmer wrote source: https://www.coindesk.com/markets/2025/04/23/coinbase-to-benefit-from-increased-institutional-crypto-adoption-benchmark