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Why Coinbase Stock Is on Fire

Coinbase's demise hasn't materialized.

By Travis Hoium – Jun 30, 2023 at 7:00AM EST

Coinbase (COIN 0.22%) was sued by the Securities and Exchange Commission in early June, but the stock has moved sharply higher since. Travis Hoium covers why this stock is hot again in this video. 

*Stock prices used were the end-of-day prices of June 28, 2023. The video was published on June 28, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in Coinbase Global. The Motley Fool has positions in and recommends Coinbase Global. 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. 

Stocks Mentioned

Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$160.74
(-0.25%)-$0.40
Franklin Templeton ETF Trust - Franklin U.s. Mid Cap Multifactor Index ETF Stock Quote
Franklin Templeton ETF Trust - Franklin U.s. Mid Cap Multifactor Index ETF
NYSEMKT: FLQM
$54.09
(+0.07%)+$0.04

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

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