Coinbase has the conditions to become an acquisition target, and if it merges with traditional exchanges, it may dominate the cryptocurrency market

Odaily Planet Daily News: Last Sunday, Trump announced that Bitcoin, Ethereum, XRP, Solana, and Cardano will be included in the US cryptocurrency strategic reserve, drawing attention to Coinbase and mainstream stock exchanges in the US. The market believes that Coinbase has the conditions to become an acquisition target, and its management team has built a strong enterprise. Collaborating with top exchanges not only enhances its industry position, but also brings more strategic opportunities. Coinbase's stock price has fluctuated dramatically, and the market seems to see Trump as the deciding factor in his fate. After Trump's re-election, the stock surged about 100%, but then fell about 40% due to a lack of policy clarity. Over the past year, Coinbase's stock price has fluctuated between $146.12 and $349.75. At present, Coinbase's price to earnings ratio is about 22 times, with a total market value of approximately $52 billion. The ability of major US trading companies makes the acquisition of Coinbase a reality. If large investors push for a top exchange to acquire Coinbase, the new company will be able to maximize investment returns as cryptocurrency gradually moves from the financial frontier to the mainstream. （Barrons）