From NASDAQ Stock Market:

Cryptocurrency is a maturing asset class with a growing wave of growth, bringing an array of new coins to the market. Coinbase Global was severely hit by the “crypto winter,” posting a $1 billion loss, but has emerged stronger with expenses at their lowest levels in nearly three years.

The company’s revenue sources have diversified, with subscriptions and services generating more than $334 million per quarter. Coinbase is also experiencing global expansion, achieving significant success by tripling its customer base in just a year.

As of the third quarter of 2023, Coinbase was close to posting a net profit, and with the resurgence of crypto, it might be the first profitable quarter since Q4 2021. Additionally, Coinbase is in a much better position than it was before, and it’s only a matter of time before it reaches new heights.

Despite Coinbase’s setbacks, its best days may still be ahead as there are signs of remarkable progress. However, before investing, it’s important to consider that some analysts may not recommend Coinbase Global as a top stock to purchase right now.



Read more: 2 Reasons to Buy Coinbase Like There’s No Tomorrow