From Nasdaq: 2024-03-29 07:44:00

Coinbase Global (NASDAQ: COIN) has advanced from just a Bitcoin exchange to a leading platform for institutional and retail investors interested in cryptocurrencies. With a user base of over 110 million and revenue exceeding $3.1 billion in 2023, Coinbase’s potential trajectory could see annual revenue soar to nearly $100 billion. As the cryptocurrency asset class continues to evolve, Coinbase’s future looks promising.

Projected growth suggests Coinbase may reach a total user base of more than 1.5 billion by 2034, comparable to Instagram’s current user count. With profit margins exceeding 85%, Coinbase could become as profitable as major companies like Google and JP Morgan. Leveraging digital infrastructure for low costs, Coinbase’s potential as a tech bank for the future sparks interest in its trajectory.

While speculative, the possibility of Coinbase evolving into a 21st-century tech bank is not far-fetched. Offering innovative blockchain solutions for retail users and custodial services for institutions, Coinbase’s role in shaping the future financial landscape could lead to significant market influence. Don’t underestimate the potential for Coinbase to exceed expectations and become a top performer in stock portfolios over the next decade.

The Motley Fool Stock Advisor team identified the top 10 stocks for investors to buy now, excluding Coinbase Global. With a track record of outperforming the S&P 500 since 2002, Stock Advisor provides guidance for success in building a winning portfolio. While Coinbase wasn’t on the list, these selected stocks could offer substantial returns in the years ahead. Consider the investment opportunities wisely and stay informed for profitable decisions in the market.

Read more at Nasdaq: Where Will Coinbase Be in 10 Years?