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

By Travis Hoium – Dec 9, 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

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

Shares of Coinbase (COIN 5.68%) 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.

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.