Investors turned to cryptocurrencies like Bitcoin as the government shutdown began. Coinbase, a top crypto exchange in 100 countries, introduced a premium subscription plan. Despite the shutdown, the major indexes initially dropped but recovered. Investors are now focusing on gold futures and Bitcoin, which rose 3% amid the turmoil.

Coinbase Global, a major crypto exchange, boasts $425 billion in assets and $237 billion in quarterly trading volume. Second-quarter revenues hit $1.42 billion, up from $1.38 billion the previous year. With a 3,000% revenue increase in 3 years and a 200% income rise, Coinbase’s growth is strong. Analysts also favor Coinbase stock, with a consensus price target of $371 and potential 43% upside.

Coinbase’s success during the shutdown is attributed to a $5 monthly membership plan offering perks like zero-fee trades. This model resembles Robinhood Gold, which surged 271% this year. Investing in Coinbase during the shutdown could protect your portfolio. While not guaranteed, the membership fee and increased crypto trading signal potential growth for Coinbase stock.

Read more at Nasdaq: Here’s Why Coinbase Global Is Poised to Benefit From the Government Shutdown