On July 15, PANews reported that Argus recently gave Coinbase Global a 'Buy' rating, believing that this cryptocurrency trading platform has maintained a strong growth trend, and the recently passed (Cryptocurrency Innovation and Regulation Act) is expected to become a new engine for its business expansion. Argus analysts Kevin Heal and Masako Inagaki pointed out in their research report that Coinbase's continuous investment in R&D and strategic acquisitions is expected to effectively increase the scale of daily active users on the platform. However, they also reminded that the current stock price valuation has exceeded the fundamental performance. Specifically, Coinbase's price-to-earnings ratio is higher than those of traditional exchanges such as ICE (ICE.US), NDAQ (NDAQ.US), CME (CME.US), and CBOE (CBOE.US), but analysts believe that its leading profit margin performance and growth potential during the bull market cycle are sufficient to support the rationality of short-term premiums. With the advancement of three key legislations in the U.S. 'Crypto Week', traditional financial institutions are accelerating their layout in the cryptocurrency field, and Coinbase, as a compliant leader, is expected to continue benefiting from market expansion. Analysts believe that under a clear regulatory framework, the phenomenon of 'bad money driving out good' in the cryptocurrency industry will be curbed, and platforms with technological advantages and compliance qualifications will dominate the next stage of competition.