Coinbase Global Intrinsic Value Calculator – Coinbase CEO Predicts China May Become Financial Leader Due to US Crypto Regulations
June 22, 2023
🌥️Trending News
Coinbase CEO Brian Armstrong recently predicted that the US’s restrictive crypto regulations may push China to become a financial leader in the cryptocurrency industry. According to Armstrong, the US’s increasingly restrictive stance on crypto trading and regulation could catapult China to a position of global financial leadership. This sentiment was echoed by many in the crypto community, who believe that the US’s lack of clear and consistent regulations on cryptocurrencies is preventing growth in the industry. Coinbase Global ($NASDAQ:COIN) is a digital currency exchange company headquartered in San Francisco, California. It is one of the leading digital currency exchanges in the world, offering customers access to trade digital assets such as Bitcoin, Ethereum, Litecoin, and more.
Coinbase also provides storage and custodial services for digital assets, as well as merchant solutions and an API for developers. Coinbase has become one of the most popular and trusted platforms for buying, selling, and transacting in digital currency.
Stock Price
On Wednesday, COINBASE GLOBAL stock opened at $59.3 and closed at $62.2, up 1.7% from the previous closing price of 61.2. Armstrong states that China is already making major advancements in digital currency policy, and these changes could ultimately lead to China becoming a leader in financial innovation and technology. He also noted that China has been pushing hard for digital Yuan development and has proposed some of the most progressive laws in the world when it comes to digital asset management. This trend could mean that China is well positioned to become a leader in the global financial system in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coinbase Global. More…
| Total Revenues | Net Income | Net Margin |
| 2.8k | -2.27k | -75.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coinbase Global. More…
| Operations | Investing | Financing |
| -1.03k | 1.69 | -4.65k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coinbase Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 139.3k | 133.63k | 24.2 |
Key Ratios Snapshot
Some of the financial key ratios for Coinbase Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 81.6% | – | -90.4% |
| FCF Margin | ROE | ROA |
| -39.3% | -28.4% | -1.1% |
Analysis – Coinbase Global Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of COINBASE GLOBAL‘s wellbeing. According to our proprietary Valuation Line, the intrinsic value of COINBASE GLOBAL share is around $69.7. This means that, at the moment, the stock is being traded at a fair price of $62.2 – below its intrinsic value by approximately 10.7%. We believe that this presents an attractive buying opportunity for investors looking to get in on COINBASE GLOBAL. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc. is a cryptocurrency mining company that focuses on Bitcoin mining. The company has a market capitalization of $981.09 million and a return on equity of -17.02%. Riot Blockchain Inc. was founded in 2000 and is headquartered in Castle Rock, Colorado.
– Robinhood Markets Inc ($NASDAQ:HOOD)
Robinhood Markets Inc is a financial services company that offers a commission-free trading platform for stocks, options, and cryptocurrency. The company has a market cap of 9.19B as of 2022 and a Return on Equity of -33.37%. Robinhood was founded in 2013 and is headquartered in Menlo Park, California.
– MicroStrategy Inc ($NASDAQ:MSTR)
MicroStrategy Inc is a publicly traded business intelligence company. The company has a market cap of 2.66B as of 2022 and a ROE of -77.69%. MicroStrategy offers a comprehensive suite of products that enable organizations to analyze internal and external data to make better informed decisions. The company’s products are used by organizations of all sizes, in a variety of industries, including banking, healthcare, insurance, retail, telecommunications, and many others.
Summary
Coinbase Global is a digital asset platform and leading U.S.-based cryptocurrency exchange. According to its chief executive officer, Brian Armstrong, regulatory restrictions in the U.S. may help China become a global financial leader. Investors interested in Coinbase Global should consider the current crypto regulations and the potential for expansion into China; understanding the company’s risk-reward profile is key to making an informed investment decision. This includes analysis of Coinbase’s balance sheet, income statement, cash flow statement, and competitive position.
Additionally, investors should consider cryptocurrency market conditions, technology trends, and the potential for regulatory changes. With the proper research and analysis, investors can make decisions that best suit their investing needs.
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