3 Red Flags for Coinbase

By Travis Hoium – Aug 13, 2023 at 7:30AM

NASDAQ: COIN

Coinbase Global

Market Cap

$57B

Today's Change

(5.68%) $12.71

Current Price

$236.32

Price as of April 26, 2024, 4:00 p.m. ET

There were some warning signs in Coinbase's recent results.

Coinbase (COIN 5.68%) has been climbing lately, and second-quarter 2023 results were better than expected. But there were some negatives, which Travis Hoium highlights in the video below.

*Stock prices used were end-of-day prices of Aug. 7, 2023. The video was published on Aug. 9, 2023.

Travis Hoium has positions in Coinbase Global and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and Ethereum. 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.