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Coinbase Stock Is Grappling With Headwinds From Crypto Winter

Investors are trading less frequently, which hurts Coinbase's transaction-based revenues.

By Parkev Tatevosian, CFA – Nov 8, 2022 at 9:19AM EST

Coinbase (COIN +3.25%) stock is struggling amid the crypto winter in 2022. The cryptocurrency exchange platform saw its revenue and profits fall as retail investors transact less frequently.

Stock prices used were the afternoon prices of Nov. 6, 2022. The video was published on Nov. 7, 2022.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Coinbase Global, Inc. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$206.33
(+3.25%)+$6.51

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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