From Nasdaq:

Coinbase (NASDAQ: COIN) emerges as a leader in the U.S. crypto industry, outlasting competitors like FTX and Binance. The platform expands into new markets and products, excelling as a custodian for ETFs and partner for big banks. With a strong reputation and technical prowess, Coinbase stands above the rest.

In a crypto world rife with scams, Coinbase sets itself apart as a legitimate player. The platform’s cautious approach may limit growth in bullish times but ensures stability. Coinbase dominates the custodian business for ETFs, gaining investor trust and establishing solid partnerships with developers on the blockchain.

After losing market share to rivals, Coinbase’s exchange business rebounds with a 64.3% revenue jump in the fourth quarter of 2023, securing the No. 2 spot globally. The platform’s appeal extends beyond consumers, attracting institutional partnerships for future growth potential.

As a creator of the USDC stablecoin, Coinbase earns millions from stablecoin revenue, particularly from USDC. The company’s stake in Circle further solidifies its position in the stablecoin market, with significant revenue generated in the fourth quarter of 2023. As stablecoin usage grows, Coinbase remains well-positioned for success.

By streamlining expenses, Coinbase maximizes operating leverage in a challenging revenue environment. With a focus on steady revenue growth, controlled costs, and new product opportunities, Coinbase stock presents a compelling investment opportunity for the long term. Considered one of the best stocks currently, Coinbase offers potential for substantial returns in the coming years.



Read more at Nasdaq: 4 Reasons to Buy Coinbase Stock Like There’s No Tomorrow