From Nasdaq, Inc.:

Coinbase Global (NASDAQ: COIN) saw a 35% surge this week, with a 192% increase over the last year, thanks to strong Q4 earnings and 2023 performance, and overall surge in cryptocurrency prices, including Bitcoin.

With lifetime Bitcoin prices higher, Coinbase income saw a decline against an increase in non-crypto revenue in 2023, with projected concerns on ETFs. Despite a profitable Q4, some caution investors on its high valuation and profitability.

Prospective investors are cautioned on the current high risk of investing in Coinbase Global, with Motley Fool highlighting “10 best stocks to buy now” excluding Coinbase due to potential risks. So, proceed with caution.



Read more: Why Coinbase Stock Soared Over 30% This Week