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Feb 18, 2026
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LONG
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"Coinbase is buying Bitcoin. We're buying our own stock back... Coinbase is actually powering infrastructure for five of the largest banks in the world right now." Management is signaling deep value at current price levels through share repurchases. Furthermore, the pivot from pure retail trading fees to B2B infrastructure for "Traditional Banks" creates a stickier, institutional revenue stream that the market may be undervaluing. Long COIN as a dual bet on retail crypto recovery and institutional banking integration. Failure of the market structure bill to pass; continued compression of trading fees. |
CNBC
Watch CNBC's full interview with Coinbase CEO...
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Feb 18, 2026
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LONG
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"The CFTC has exclusive authority over these types of contracts... Coinbase has been building out what we call the everything exchange... We also launched prediction markets." Despite state-level attempts to ban prediction markets as "gambling," the CFTC is stepping in to claim federal jurisdiction. This regulatory cover allows major compliant exchanges (like Coinbase) to enter the sector, legitimizing it as a financial derivative rather than a casino game. Long Prediction Markets infrastructure and platforms. Supreme Court challenges regarding state preemption; potential reversal of CFTC stance. |
CNBC
Watch CNBC's full interview with Coinbase CEO...
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Feb 18, 2026
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LONG
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"The smartest financial service institutions out there and banks are leaning into this... They're all hiring for crypto and blockchain product managers." Large banks are not ignoring crypto; they are building the backend to capture the asset class. Banks that successfully integrate with providers (like Coinbase) will retain deposits that might otherwise flee to DeFi, while gaining new fee streams. Long forward-thinking major banks integrating blockchain rails. Regulatory crackdown preventing banks from holding crypto on balance sheets (SAB 121 issues). |
CNBC
Watch CNBC's full interview with Coinbase CEO...
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