Coinbase Global (XSWX:COIN) Moat Score: 5/10 (As of Jul. 05, 2026)


XSWX:COIN Coinbase Global Inc XSWX:COIN
60 GF Score
Price CHF133.68
GF Value CHF194.58
Valuation Possible Value Trap
! 9 Warning Signs
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What is Coinbase Global Moat Score?

Coinbase Global XSWX:COIN +0.19% 60 Moat Score is 5 as of Jul. 05, 2026. GuruFocus rates XSWX:COIN with a GF Score™ of 60/100 and a GF Value™ of CHF194.58 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 840 Capital Markets companies, Coinbase Global ranks better than 95.36% on this metric.

Coinbase Global has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Coinbase Global has Narrow Moat: Coinbase has a solid narrow moat with strong brand recognition and network effects in the cryptocurrency exchange market. However, the industry is highly competitive with low switching costs, limiting its pricing power and regulatory barriers.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Coinbase Global might have Narrow Moat - Solid narrow moat.

Coinbase Global  (XSWX:COIN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Coinbase Global Moat Score Related Terms

XSWX:COIN vs MSCI, NDAQ, CBOE: Moat Score Comparison

For the Financial Data & Stock Exchanges subindustry, Coinbase Global's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coinbase Global Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coinbase Global's Moat Score distribution charts can be found below:

* The bar in red indicates where Coinbase Global's Moat Score falls into.


XSWX:COIN
60GF Score
Coinbase Global Inc XSWX:COIN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Coinbase Global (XSWX:COIN) has a Moat Score of 5 as of Jul. 05, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Coinbase Global ranks #39 out of 840 companies in the Capital Markets industry, placing it in the top 4.6%.
Is Coinbase Global's Moat Score too high?
Coinbase Global's current Moat Score is 5. Based on the distribution chart, Coinbase Global ranks #39 out of 840 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Coinbase Global has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Moat Score compare to MSCI and NDAQ?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #39 out of 840 companies for Moat Score. This places Coinbase Global in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Capital Markets company?
A good Moat Score depends on the Capital Markets industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Coinbase Global's current Moat Score is 5. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Based on GuruFocus' analysis, Coinbase Global (XSWX:COIN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF194.58, compared to a current price of CHF133.68 — trading 31.3% below its estimated fair value. The current Moat Score is 5. Coinbase Global's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current Moat Score is 5 as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Coinbase Global (XSWX:COIN) Overvalued in 2026?

Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued. The current stock price of CHF133.68 is trading 31.3% below its estimated GF Value™ of CHF194.58. GuruFocus considers Coinbase Global to be Possible Value Trap.

Key valuation signals for XSWX:COIN:

  • Moat Score: 5
  • GF Value™: CHF194.58 vs. price of CHF133.68 (31.3% below fair value)
  • GF Score™: 60/100 with 9 warning signs

No single metric tells the full story. See the XSWX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Coinbase Global Business Description

Address One Madison Avenue, Suite 2400, New York, NY, USA, 10010
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
60GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF133.68
Price
CHF194.58
GF Value