Coinbase stock price chart

Coinbase, one of the largest and most popular cryptocurrency exchanges in the world, went public Wednesday, selling its shares for the first time on the Nasdaq exchange. There's also the "Coinbase effect," whereby a crypto coin surges in value days after it's listed on the exchange. By going public, Coinbase helps establish the legitimacy of Bitcoin and the cryptocurrencies industry. Read also: NFTs explained: These expensive tokens are as weird as you think they are. Founded in by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsman, a former trader at Goldman Sachs, Coinbase is a popular cryptocurrency exchange known for its intuitive, beginner-friendly interface.

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Content:

• US: Coinbase shares jump 71% on first day of trading
• Coinbase Global Inc.
• Coinbase stock price holds key $250 level: COIN is firmly in step with BTC
• Coinbase Stock: Why Analysts Are Feeling Bullish
• eToro vs. Coinbase
• How to Buy Coinbase Shares UK – Invest with 0% Fees Today
• Coinbase opens at $381 per share, valuing the crypto exchange at nearly $100B
• Market capitalization of Coinbase (COIN)

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US: Coinbase shares jump 71% on first day of trading

It would seem that Coinbase is very sensitive to cryptocurrency price trends. Currently, the Wall Street consensus on Coinbase stock is very bullish. MoffettNathanson analyst Lisa Ellis is currently Coinbase's biggest bull. Her bull case was based on Coinbase being a leading tech company that builds the infrastructure to make cryptocurrencies usable by a broader developer ecosystem.

A month ago, the analyst reinforced her bullish price target on the stock, mentioning the company's big NFT marketplace news, its recent partnerships with Meta FB - Get Meta Platforms Inc. Securities and Exchange Commission about cryptocurrencies. Lastly, she sees a positive outlook for the entire crypto ecosystem and believes that the current decline in digital assets will last much shorter than in declines we saw in and Bolu wrote that, if Coinbase continues to lag behind, it could end up being left behind just as Netscape did during the early internet era.

Lastly, he justified his bearish price target based on the stock trading at 7 times gross profit. This is discounted to traditional exchanges, where lower growth and higher revenue volatility are projected. Disclaimers: this is not investment advice.

The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting the Wall Street Memes. Reddit Trends. By Bernard Zambonin and Guest Contributor.

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Coinbase Global Inc.

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links. Binance and Coinbase are the two largest cryptocurrency exchanges available today.

Coinbase stock price holds key $250 level: COIN is firmly in step with BTC

Coinbase Global, Inc. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. This browser is no longer supported at MarketWatch. For the best MarketWatch. FTSE DAX CAC 40

Coinbase Stock: Why Analysts Are Feeling Bullish

Cryptocurrencies and crypto-related stocks were under pressure again in Wednesday's trading. Most top cryptocurrencies are in the red over the last 24 hours of trading, and it looks like investors are taking some money off the table on the heels of recent pricing rebounds. Coinbase stock lost ground amid a pullback for the broader cryptocurrency market despite the Nasdaq Composite index ending the daily trading session up roughly 0. There doesn't appear to be any major new cryptocurrency or company-specific news behind sell-offs for Bitcoin, Ethereum, and Coinbase today.

eToro vs. Coinbase

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How to Buy Coinbase Shares UK – Invest with 0% Fees Today

Economic Moat. Capital Allocation. Since the end of the third quarter, cryptocurrency markets have rallied significantly, which should benefit the company. Despite the disappointment, our thesis for Coinbase has not changed. These adjustments were offset by higher expenses projections as Coinbase scales up its customer service and investment spending, increasing its employee count by more than to 2, in this quarter alone. Founded in , Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy.

Coinbase opens at $381 per share, valuing the crypto exchange at nearly $100B

Bitcoin recently suffered one of its biggest monthly drops on record in May. The volatility in Bitcoin — and by proxy, cryptocurrency stocks — this year has rekindled excitement in retail investors in a way it hasn't since the digital coin last peaked in Professional investors, billionaires and even publicly traded companies have maintained a keen interest in cryptos, too.

Market capitalization of Coinbase (COIN)

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View our list of the best stock brokerages. The analyst firm set a price target for Coinbase Global is in the Financials sector and Capital Markets industry. My account. My Account.

Cryptocurrency giant exchange Coinbase has recently announced its plans to go public through a direct listing process, which is expected to occur in late February or early March. Instead, the largest cryptocurrency exchange in the US plans to sell its shares without the involvement of investment banks. Generally, many UK stock apps enable users to trade US shares. But you might want to consider a CFD platform that gives you margin and short sell trading due to the IPO price expectation of Coinbase. As one of the leading trading apps in the markets, eToro offers its clients the popular stocks in the market like Tesla , Amazon , Facebook, Ford , and Google. At eToro, you get to choose between buying shares via CFDs with no commission or buying shares directly on the exchange.

Coinbase Global Inc. An IPO is the most common way that companies choose to join the public markets in order to raise capital while in Direct Floor listings, companies are allowed to list their shares directly and begin trading publicly on the exchange. Founded by Brian Armstrong and Fred Ersham in , Coinbase is a decentralized company that powers the crypto economy. The platform enables approximately 43 million retail users, 7, institutions, and , ecosystem partners in over countries to participate in the crypto economy.