Coinbase Expands Canadian Derivatives Reach Amid Forecasted Revenue Growth

Coinbase Global has expanded its derivatives reach in Canada by launching 23 regulated perpetual and dated futures contracts for eligible clients through Coinbase Financial Markets.

This move adds another regulated revenue stream to Coinbase's offerings, supporting the company's goal of becoming an 'Everything Exchange' for advanced traders.

The Canadian derivatives rollout is a key development that will shape Coinbase's broader investment narrative. According to the company's forecasts, it projects US$8.5b in revenue and US$2.1b in earnings by 2028, assuming 8.3% yearly revenue growth and an earnings decline of US$0.8b from US$2.9b today.

The forecasted fair value is $383.46 against a current share price of $184.64, indicating a potential 108% upside that could narrow quickly.