Coinbase Stock in 3 Minutes

By Travis Hoium – Sep 11, 2022 at 5:13PM

NASDAQ: COIN

Coinbase Global

Market Cap

$55B

Today's Change

(8.47%) $17.59

Current Price

$225.19

Price as of May 20, 2024, 4:00 p.m. ET

Coinbase is a leader in crypto and long-term it could be a great growth stock.

Shares of Coinbase (COIN 8.47%) have been hammered in 2022, but that doesn't mean the core business is in trouble. In fact, the company has a strong cash balance and a lead in many attractive markets in Web3. Travis goes through the business, financials, and why this stock is a great buy in just over 3 minutes.

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Coinbase Global, Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Coinbase Global, Inc., Meta Platforms, Inc., and Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he'll earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.