From Nasdaq:

Coinbase Global (NASDAQ: COIN) shares surged 58.8% last month, driven by strong quarterly results and rising cryptocurrency prices. The company exceeded analyst revenue and earnings estimates, with revenue up 50% year-over-year. Coinbase reported an 83% increase in transaction revenue and successfully diversified its income streams.

The connection between Coinbase stock and Bitcoin prices remains strong, with Coinbase’s performance tied to crypto assets’ popularity. Coinbase stock appears expensive with high valuation ratios, emphasizing the speculative nature of investing in cryptocurrencies. Investors should carefully consider the volatile nature and transformative potential of digital assets before investing in Coinbase Global.



Read more at Nasdaq: Here’s Why Coinbase Stock Surged Almost 60% Higher in February