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    Bybit TradFi x Crypto Report: Is Coinbase overhyped? Topline growth as a result of friendlier regulation should be the focus

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    Crypto Insights
    Jul 3, 2025
    6 min read
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    Following Bybit Research’s coverage of CRCL shares, attention now shifts to another standout in the US crypto equity space—Coinbase (NASDAQ: COIN). With a year-to-date return of 42%, COIN has not only outpaced major market indices but has also significantly outperformed Bitcoin’s 13.5% gain over the same period.

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    Is the valuation of COIN looking frothy?

    Source: TradingView

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