Coinbase Expands Derivatives Reach with Regulated Canadian Futures

Coinbase Global expands its derivatives reach after launching 23 regulated perpetual and dated futures contracts for eligible Canadian clients through Coinbase Financial Markets.

This move into regulated Canadian futures adds another regulated revenue stream and supports Coinbase's push to become an 'Everything Exchange' for advanced traders.

The firm's latest development comes as 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.

Coinbase Global's forecasts point to a $383.46 fair value against its current share price of $184.64, indicating a potential 108% upside.