Can you buy Coinbase as a stock?

Buy Coinbase Global shares from these brokerages Trade stocks in the app or online with $0 commissions.

Does Coinbase have it’s own coin?

Coinbase offers its very own cryptocurrency, USD Coin (USDC), which is built on the Ethereum platform. Its value is tied to the U.S. dollar, so 1 USDC is always worth $1.00.

Is it worth it to invest in Coinbase?

Coinbase stock trades 50% lower than its first day of trading. The stock trades at 10x trailing earnings, but earnings are likely to be highly volatile moving forward. The company is projecting to increase its headcount by nearly 200% in 2022.

Why is Coinbase stock dropping?

Shares of Coinbase closed down 26% on Wednesday after the company reported shrinking revenue and declining users. Coinbase said Tuesday that revenue fell 27% year-over-year to $1.17 billion, which was below Wall Street’s projected $1.48 billion. It also said it lost $430 million in the first quarter.

Is Coinbase a good long term stock?

So, is it time to buy Coinbase stock following this big sell-off? The stock currently trades at just about 4x our consensus 2022 revenue, which is not exactly a rich valuation for a highly profitable and futuristic stock with solid long-term earnings potential.Jun 1, 2022

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