Coinbase's current P/E ratio is about 22 times, and it may merge with traditional exchanges

Odaily Planet Daily News Coinbase has the conditions to become an acquisition target. If it can merge with a traditional exchange, it will be able to create a company with both expertise and industry influence, and thus dominate the current fragmented cryptocurrency market. Currently, Coinbase's price-to-earnings ratio is about 22 times, and its total market value is about $52 billion, but large US exchanges have the ability to make this deal come true. The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has a market value of $100 billion and a price-to-earnings ratio of 36 times. Its CEO Jeffrey Sprecher's wife Kelly Loeffler is a member of the Trump administration cabinet. The global futures trading giant Chicago Mercantile Exchange Group (CME Group) has a market value of $93 billion and a price-to-earnings ratio of 26 times. The Nasdaq Exchange is known for its technological strength and global network, with a market value of $47 billion and a price-to-earnings ratio of 41 times. If it can cooperate with major US exchanges, Coinbase will be able to open the door to power and markets, and these resources may still be out of reach for it. Large investors may push a top exchange to acquire Coinbase, and the new company will be able to maximize investment returns as cryptocurrencies gradually move from the financial frontier to the mainstream. (Barrons)