Foreign media reports that Coinbase has recently launched two new initiatives in succession, including collaborating with payment infrastructure company Moov to provide stablecoin functionality to over 1,000 community banks, as well as integrating Coinbase, for, and Agents into Grok. However, these developments have not yet significantly boosted the stock price of COIN; market attention remains focused on revenue recovery and profitability.
Moov Collaborates to Target Community Banks
The article mentions that this collaboration is aimed at community banks in the United States, with the goal of integrating stablecoin capabilities into existing technical systems, rather than requiring banks to build a separate independent architecture. Coinbase states that this also helps relevant institutions to incorporate stablecoin functions into their own balance sheet systems more quickly.
Grok Integration with Proxy Trading Function
Another update comes from Coinbase Developer Platform. Coinbase for Agents are now available on Grok. Users can connect to their Coinbase accounts and initiate transactions, analyze assets, or automate certain financial processes through Grok without the need for any additional configuration MCP.
However, based on market reactions, these product initiatives did not immediately translate into a boost for stock prices. The article states that Coinbase continues to expand its business scenarios, but investors did not rapidly raise their valuation expectations due to the release of a single product.
Revenue recovery has yet to reverse losses.
According to the data in the text, Coinbase currently has a market value of about $45.46 billion. Since its core business is still highly correlated with the activity of the crypto market, when trading volumes and market sentiment weaken, COIN often faces greater pressure.
The article also recalled that COIN once rose to $444 in 2025, before falling back to around $140 at the beginning of 2026. During this period, incidents of manipulation and fraud in the altcoin and meme markets undermined investor confidence and also reduced overall trading activity.
In terms of financial performance, Coinbase's revenue decreased from $2.97 billion in the second quarter of 2025 to $705 million in the fourth quarter of the same year; net profit also turned from $1.43 billion to a loss of $666 million. By the first and second quarters of 2026, revenue rebounded to $1.46 billion and $1.16 billion respectively, but net profit was still in deficit at $394 million and $359 million respectively. The article also mentioned that revenue in the third quarter of 2026 was $1.22 billion.
The 200-day moving average becomes a short-term focus
The article argues that technically, COIN once rose to around $196 in early September, but encountered resistance at the 200-day moving average level. The 50-day moving average is around $169 and is considered the current dynamic support area.
According to this view, if the stock price loses its support, it may fall back to around $145; if the daily chart continues to stay above the 200-day moving average, the market will further focus on the levels of $225 and $245. Overall, Coinbase is increasing stable coins and AI is expanding related business entry points, but whether the stock price will truly strengthen still depends on whether buying interest and fundamental improvements occur simultaneously.
