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Coinbase Global: A Buy Based On Growth And Valuation

Aug. 02, 2021 2:51 PM ETCoinbase Global, Inc. (COIN)16 Comments
The Asian Investor profile picture
The Asian Investor


  • Coinbase likely benefited from market volatility in Q2'21.
  • Coinbase should report strong user growth and revenues as Q2 market volatility boosted transaction revenues.
  • Institutions are going to play a larger role for Coinbase's growth in the future.
  • Coinbase’s profit growth is cheap given the high profitability of the marketplace.

Bitcoin Cryptocurrency trends Graphs and charts
Vertigo3d/iStock via Getty Images

Shares of cryptocurrency exchange Coinbase Global (NASDAQ:COIN) disappointed after the firm’s direct listing in April, but the drop has made Coinbase’s profit growth cheap. While shares have trended down after the stock market debut, the marketplace is

This article was written by

The Asian Investor profile picture
I look for high-risk, high-reward situations. Five largest portfolio holdings: Bitcoin, SoFi, Alibaba, PayPal, Western Alliance. Early buyer of cryptocurrencies. I live in Thailand :)

Analyst’s Disclosure: I/we have a beneficial long position in the shares of COIN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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