Coinbase Forms Advisory Board to Address Quantum Computing Threats
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20h ago
0mins
Source: Benzinga
- Advisory Board Formation: Coinbase CEO Brian Armstrong announced the establishment of an advisory board to assess the implications of quantum computing for the blockchain industry, highlighting the company's strong focus on security.
- Expert Team Composition: The board will consist of distinguished researchers in quantum computing, cryptography, and blockchain systems, including Ethereum Foundation researcher Justin Drake and EigenLayer founder Sreeram Kannan, ensuring comprehensive consideration of quantum threats.
- Research and Recommendations: The board will be responsible for publishing research papers on quantum computing's impact on blockchains and providing recommendations for organizations, reflecting the industry's commitment to addressing quantum technology.
- Industry Response and Trends: This move aligns with ongoing discussions in the industry regarding the potential impact of quantum computing, particularly with Ethereum creator Vitalik Buterin calling for the swift deployment of quantum-resistant technology, emphasizing its importance for long-term cryptographic safety.
Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COIN is 361.63 USD with a low forecast of 230.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 213.480
Low
230.00
Averages
361.63
High
440.00
Current: 213.480
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the cryptoeconomy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. Its platform helps people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and global transfers. It offers products and services to various customer groups: individuals, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime Trading, markets, base protocol and Coinbase wallet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
