Coinbase Global Inc
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About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides platform, which enables its users to engage in a variety of activities, including discovering, trading, staking, storing, spending, earning and using their crypto assets. The Company offers a suite of products and services that are designed to meet the distinct needs of its three customer groups: consumers, which includes individual retail user customers seeking to discover or trade crypto assets and engage in on chain activities; institutions, which are businesses that include market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations; developers, which comprise of developers, creators, merchants, crypto asset issuers, organizations and financial institutions, and other groups building decentralized protocols, applications, products, or other services on chain.
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$80.11B
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0.00%
18.8M
$330.50
$288.55
$329.95
$341.75
$101.34
What is Coinbase (COIN)?
Coinbase Global, Inc. is a gateway to the world of crypto for 89 million users globally and counting.
This American cryptocurrency exchange facilitates the secure purchase, sale, transfer, and storage of digital currencies for individuals and institutions.
Coinbase’s mission is “to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency.”
The company was founded in 2012 by former Goldman Sachs trader Fred Ehrsam and former Airbnb engineer Brian Armstrong. Interestingly, Coinbase has no physical offices as all employees work remotely.
How does Coinbase make money?
Coinbase earns revenue from transactions, subscriptions and services. The majority of the company’s revenue comes from individual or institutional crypto transaction fees.
Subscription and service revenue comes from card transaction fees, custodial fees, course promotion referral fees, interest income, and API fees. Coinbase also profits from their venture investments.
Is Coinbase profitable?
Yes, Coinbase is profitable.
Over the past three years, Coinbase’s revenue has grown from US$534m in FY2019 to US1.2b in FY2020 to US$7.8b in FY2021. That’s a whopping compound annual growth rate (CAGR) of 283%!
The company’s operating income in FY2021 was a touch over US$3.1b while free cash flow was an extremely healthy US$10.6b.
Is COIN a growth or dividend stock?
Coinbase went public in April 2021 and any public financial data on the company only goes back three years.
While Coinbase’s financial statements show revenue’s CAGR to be up 283% from FY2019 through to FY2021, it’s yet to be seen if the company can keep this up. As shown by the huge ups and downs of Bitcoin, the cryptocurrency market can be highly cyclical.
COIN does not offer shareholders dividends at this time.
How does Coinbase compare to Binance?
Coinbase is generally thought of as a crypto platform for beginners, even though it offers Coinbase Pro for experienced traders and Coinbase Prime for institutional investors.
Binance is squarely targeted at advanced traders.
Coinbase supports 139 cryptocurrencies while Binance supports significantly more at over 600 cryptocurrencies.
Is COIN a good way to get exposure to crypto?
Yes, in a roundabout way.
To be clear, you’re not purchasing any cryptocurrency by purchasing COIN stock. You’re actually investing in the possible future success of one of the most well-known U.S. based cryptocurrency exchanges in the world.
Is COIN a good investment?
Cryptocurrencies such as Bitcoin, Ethereum and Solana are becoming increasingly popular. In fact, many crypto bulls believe the technology may even replace cash in the near future.
While nobody has a crystal ball, some investors believe COIN to be a good investment if you’re willing to buy and hold it for the long term.
Just keep in mind, since it went public in April 2021, the COIN stock price has plummeted by 50% from a high of US$429.54 to a recent low of US$150.12.
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Open an accountCOIN FAQs
- Find the right investing platform for you. To buy COIN shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for COIN or Coinbase Global Inc. Find the stock by using the search function and go to the COIN page.
- Place an order to buy COIN. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some COIN shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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