Coinbase has a lot of cash, but it's the company's stablecoin business that's a cash machine.
Shares of Coinbase Global (COIN -0.34%) were down this year before the FTX collapse, but they're now trading as if the entire crypto ecosystem is going down. Meanwhile, the company has over $5 billion in cash and potentially $800 million per year in cash flow coming from a 50% stake in a major stablecoin. Travis Hoium digs into this hidden cash machine at Coinbase.
*Stock prices used were the end-of-day prices of Nov. 16, 2022. The video was published on Nov. 18, 2022.
Travis Hoium has positions in Coinbase Global, Inc. The Motley Fool has positions in and recommends Coinbase Global, Inc. 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 their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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