Coinbase Global (NASDAQ: COIN) has been a top choice for investing in cryptocurrencies since its Nasdaq debut. Despite recent weakness in the crypto market, Coinbase stock has seen a 40% drop in the past year. However, as the company gears up for its upcoming earnings report, it’s worth reevaluating its potential.

With a presence in over 100 countries and $516 billion in assets, Coinbase boasts a large platform for trading various assets. In addition to its cryptocurrency exchange, the company offers a premium service, Coinbase One, with subscription plans starting at $5 a month and zero-fee trades.

In the third quarter, Coinbase reported a 55% increase in net revenue and a 24% rise in trading volume. While Bitcoin transactions have decreased, there has been a shift towards other assets like XRP. Despite the market downturn, Coinbase’s revenue remains solid, driven by the growing popularity of stablecoins.

As Coinbase prepares to announce its Q4 earnings, analysts predict a revenue estimate of $1.86 billion and earnings per share of $1.39. The stock may see short-term volatility post-earnings, but long-term investors find Coinbase attractive for its revenue growth potential and diversified offerings.

While Coinbase stock has experienced fluctuations, the company’s revenue growth outlook and expanding market presence make it an appealing long-term investment opportunity. Consider the broader market trends and Coinbase’s strategic position before making an investment decision.

Read more at Yahoo Finance: Should You Buy Coinbase Global Before Feb. 12?