From Nasdaq: 2024-04-12 05:45:00

Coinbase (NASDAQ: COIN) stock has surged 626% since the start of 2023, benefiting from renewed interest in Bitcoin and the equities market. The company’s shares are up almost 50% in 2024. The approval of spot Bitcoin exchange-traded funds is also boosting optimism around the crypto industry, contributing to Coinbase’s success.

Investors bullish on cryptocurrencies may find Coinbase a smart buy, as it drives crypto regulation forward and has investments in private crypto-related enterprises. The company’s transition to a more sustainable model and expanded subscriptions have contributed to its growth. Although uncertainty remains, Coinbase’s long-term outlook looks positive for growth-minded investors.

Considerations before investing in Coinbase Global include Motley Fool’s Stock Advisor team not including it among their 10 best stocks for investors to buy now. The service has surpassed the return of S&P 500 since 2002. Neil Patel and his clients have no position in any stocks mentioned, and The Motley Fool has positions in and recommends Bitcoin and Coinbase Global, with a disclosure policy in place.

Read more at Nasdaq MarketSite: Coinbase’s Stock Price Just Exploded. Time to Buy?