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    How Investors Are Reacting To Coinbase Global (COIN) Entering Token-Backed Mortgages With Better Home Deal

    Simply Wall St·09/01/2026 03:22:01
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    • In August 2026, Better Home & Finance Holding Company announced the general availability of its token-backed, conforming mortgage product, powered by Coinbase, with Coinbase One members eligible for a lender-funded rebate of 1% of the mortgage value (capped at US$10,000) across standard mortgages, HELOCs, and refinances.
    • The launch under Fannie Mae guidelines, alongside early waitlist indications of over US$260 million in projected loan volume, highlights how Coinbase is extending its crypto infrastructure into traditional housing finance while potentially deepening engagement with its Coinbase One subscriber base.
    • Now we’ll examine how this token-backed mortgage rollout, built on Coinbase’s infrastructure, could reshape the company’s broader investment narrative.

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    Coinbase Global Investment Narrative Recap

    To hold Coinbase, you need to believe it can evolve from a mostly trading-driven exchange into core infrastructure for tokenized finance and payments. The Better token-backed mortgage rollout reinforces that tokenization and off-exchange use cases are a key near term catalyst, but it does not directly solve the immediate pressure from weaker trading volumes and ongoing cybersecurity costs, which remain central risks to earnings.

    Among recent developments, Coinbase’s new authorization to build a tokenization hub in Abu Dhabi is especially relevant here, because it connects directly to the same thesis as the Better partnership: that regulated tokenized assets and real world use cases can expand Coinbase’s addressable market and open non trading revenue streams, even as competition and fee pressure intensify elsewhere.

    Yet while token-backed mortgages may sound exciting, investors should still pay close attention to the cybersecurity cost overhang and the risk that…

    Read the full narrative on Coinbase Global (it's free!)

    Coinbase Global's narrative projects $8.5 billion revenue and $2.1 billion earnings by 2028. This implies 8.3% yearly revenue growth and a $0.8 billion earnings decline from $2.9 billion today.

    Uncover how Coinbase Global's forecasts yield a $383.46 fair value, a 104% upside to its current price.

    Exploring Other Perspectives

    COIN 1-Year Stock Price Chart
    COIN 1-Year Stock Price Chart

    Some of the lowest ranked analysts take a far more pessimistic view than the consensus, assuming only about 4.9% annual revenue growth to roughly US$7.0 billion and earnings of about US$613 million by 2029, which contrasts with the more optimistic tokenization story around the Better deal and shows just how widely views can differ before this news is fully reflected in forecasts.

    Explore 9 other fair value estimates on Coinbase Global - why the stock might be worth less than half the current price!

    Reach Your Own Conclusion

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

    • A great starting point for your Coinbase Global research is our analysis highlighting 1 key reward that could impact your investment decision.
    • Our free Coinbase Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Coinbase Global's overall financial health at a glance.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.