Coinbase Could Be a Home Run Stock

By Travis Hoium – Mar 11, 2023 at 6:30AM

NASDAQ: COIN

Coinbase Global

Market Cap

$57B

Today's Change

(4.68%) $10.57

Current Price

$236.43

Price as of April 23, 2024, 4:00 p.m. ET

Coinbase has proven to be the "adults in the room" in crypto.

No company in the crypto market is innovating and building a foundation for the future like Coinbase (COIN 4.68%). This isn't just a crypto exchange; this is a picks-and-shovels company for the blockchain. In this video, Travis Hoium covers three recent announcements and shows how Wallet as a Service could become a calling card for Coinbase.

*Stock prices used were end-of-day prices of March 7, 2023. The video was published on March 10, 2023.

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. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Travis Hoium has positions in Alphabet, Coinbase Global, and Ethereum. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Coinbase Global, Ethereum, JPMorgan Chase, Meta Platforms, and Starbucks. The Motley Fool recommends the following options: short April 2023 $100 calls on Starbucks. 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.