Financial giant Citigroup provided a positive assessment of Coinbase's performance in the latest research report. After analyzing the impending US presidential election and its potential impact on the regulatory landscape, as well as the implications of the Supreme Court overturning the Chevron doctrine for industry rules, Citigroup believes that Coinbase will significantly benefit from a series of regulatory policy adjustments. Therefore, Citigroup upgraded Coinbase's stock rating from 'neutral' to 'buy', and correspondingly increased its target price from $260 to $345. Notably, although Coinbase's pre-market stock price did not show significant movement after the release of this report, currently trading around $266, the market still holds high expectations for the company's future growth potential.