From Nasdaq:

Coinbase Global is a top digital-asset brokerage and exchange operator bringing cryptocurrencies to the masses. Despite a 53% decline since its IPO, the company retains its position as a top crypto brokerage and exchange. A 500% revenue growth in 2021 led Coinbase to report $3.6 billion in net income, but sales slumped 59% and a $2.6 billion net loss in 2022.

Investors can consider Coinbase to gain adequate exposure to the cryptocurrency industry. While this long-term investment isn’t cheap, it can still yield high returns. However, analysts at Stock Advisor have not identified Coinbase Global as one of the 10 best stocks for investors to buy now, making it an uncertain investment.



Read more: If You Invested $1,000 in Coinbase in 2021, This Is How Much You Would Have Now