COIN Investing in CoinDCX: Part of International Expansion Strategy?

Coinbase Global COIN recently announced its investment in CoinDCX, part of its international expansion strategy. CoinDCX is a leading crypto exchange in India and the Middle East. Coinbase believes “India and the Middle East are becoming top regions for crypto growth thanks to high adoption, supportive regulation, and economic potential,” and thus this strategic step to expand its presence in these regions bodes well. Per Reuters, COIN will invest $2.45 billion in India.Management stated, “This investment underscores the potential we see in these regions. With over 1.4 billion people, growing tech adoption, and over 100 million crypto owners, India and the Middle East are set to play a big role in the future of crypto.”COIN’s international operations are spread across Australia, Brazil, Kenya, the European Union, India, Japan, the Philippines, Indonesia, Singapore, the United Kingdom and Switzerland, among others.  As part of its international expansion strategy, this January, COIN obtained Virtual Asset Service Provider (VASP) registration from Argentina's National Securities Commission. The crypto leader can now operate legally in Argentina. Coinbase’s international expansion underscores its efforts to diversify revenues, and lower dependence on U.S. operations. Revenues from international operations contributed 16.8% to total revenues in 2024, up 450 basis points from the 2023 level and increased nearly threefold year over year. However, revenues from U.S. operations constitute the majority of its top line.What About COIN’s Peers?    Circle Internet Group’s CRCL international expansion strengthened its position as a global fintech powerhouse. By expanding its footprint across Europe, Asia and Latin America, Circle has gained stronger access to regulated digital markets. By accelerating global USDC adoption, Circle positions itself for sustained growth and leadership in the rapidly evolving digital financial ecosystem.Robinhood Markets’ HOOD international expansion enables it to tap into rising global retail investing demand. By establishing operations in the U.K. and Asia, Robinhood broadens revenue streams and reduces reliance on U.S. markets. With strategic acquisitions and regional hubs, Robinhood is well-positioned for sustained growth and a stronger presence in the global fintech landscape.COIN’s Price PerformanceShares of COIN have gained 57.3% year to date, outperforming the industry.     Image Source: Zacks Investment ResearchCOIN’s Expensive ValuationCOIN trades at a price-to-earnings value ratio of 53.42, above the industry average of 23.62. It carries a Value Score of F.Image Source: Zacks Investment ResearchEstimate Movement for COINThe Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2025 EPS witnessed 1 cent northward movement over the past seven days. The consensus estimate for full-year 2025 witnessed no movement in last seven days but the same for 2026 has moved 0.8% north in the same time frame.Image Source: Zacks Investment ResearchThe consensus estimates for COIN’s 2025 and 2026 revenues indicate year-over-year increases. However, the consensus estimate for COIN’s 2025 and 2025 EPS indicates a decline. COIN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Circle Internet Group, Inc. (CRCL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks