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Up 330% in 2023, Coinbase Stock Is Still a Great Buy

Coinbase is the one stock crypto investors will want to own.

By Travis Hoium – Dec 9, 2023 at 7:30AM EST

Shares of Coinbase (COIN +6.23%) are up an incredible 330% in 2023, and the company has yet to see a big recovery in operations. But we know that crypto trading is up, Coinbase is taking market share, and the company's stablecoin business is doing better than ever.

In this video, Travis Hoium covers why Coinbase is still a great growth stock to own long term.

*Stock prices used were end-of-day prices of Dec. 6, 2023. The video was published on Dec. 8, 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, Ethereum, MercadoLibre, Shopify, and Solana. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, Ethereum, MercadoLibre, Shopify, Solana, and Visa. 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
$195.90
(+6.23%)+$11.49
Visa Stock Quote
Visa
NYSE: V
$315.93
(+1.46%)+$4.56
MercadoLibre Stock Quote
MercadoLibre
NASDAQ: MELI
$1,873.06
(+1.76%)+$32.40
Shopify Stock Quote
Shopify
NASDAQ: SHOP
$127.45
(+8.34%)+$9.81
Bitcoin Stock Quote
Bitcoin
CRYPTO: BTC
$74,575.00
(-0.20%)-$146.33
Ethereum Stock Quote
Ethereum
CRYPTO: ETH
$2,350.66
(+0.50%)+$11.74
Solana Stock Quote
Solana
CRYPTO: SOL
$84.84
(+1.25%)+$1.05

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

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