From Nasdaq:

To achieve a 10-fold gain in 10 years, businesses must embrace financial prowess and innovation, especially in industries experiencing exponential growth. Crypto exchange Coinbase Global may be among these companies, positioned at the forefront of the financial revolution with a resilient business model and technological innovation.

In terms of finances, despite the volatility of the crypto market, Coinbase registered a 400% increase in revenue since 2019, reaching more than $2.5 billion in 2023. The company also increased its user base to over 6.7 million monthly active users and significantly raised the volume of quarterly institutional transactions.

Coinbase’s recent transformation to offer innovative products, such as staking rewards, subscription plans, and custodial services, has proven successful in attracting more users. In addition, its international expansion, global strategy, and favorable crypto policies in the European Union have provided a path to solid growth.

The growing adoption of cryptocurrency indicates significant potential. It’s estimated that only 15% of the world’s population owns cryptocurrency, with recent growth increasing the total crypto market value from $12 billion in 2014 to nearly $1.6 trillion today. This trend, if sustained, could lead to a potential collective value of $175 trillion by 2034, creating ample opportunities for companies like Coinbase.

With its history of success and a revamped business model, Coinbase is well-positioned to capitalize on the evolving crypto market. A 10X gain in the next decade might only scratch the surface as the company aims to onboard 1 billion users.



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