Coinbase Global Stock Fair Value – Coinbase CEO Brian Armstrong Affirms Exchange’s Continued U.S. Presence
May 9, 2023
Trending News 🌥️
Coinbase Global ($NASDAQ:COIN), a leading digital currency exchange, has reaffirmed its commitment to the United States market. CEO Brian Armstrong recently made a statement to confirm the exchange’s continued presence in the country. This news comes as a relief to many crypto users in the U.S., who rely on Coinbase for their digital asset trading needs. Coinbase Global is one of the world’s largest crypto exchanges, offering digital asset trading and storage services for individuals and businesses alike. Coinbase Global has helped to revolutionize the crypto industry through its compliance with financial regulations, which allows it to offer services to customers around the world.
The recent statement from Brian Armstrong confirms that Coinbase Global will continue to operate in the U.S., despite the uncertain regulatory environment. This statement provides much-needed reassurance to crypto users across the country that they can continue to rely on Coinbase for their cryptocurrency trading needs. With Coinbase Global’s continued presence in the United States, users can look forward to a secure and reliable platform for buying and selling digital assets.
Market Price
On Monday, COINBASE GLOBAL stock opened at $55.9 and closed at $58.1, down by 0.2% from the previous closing price of 58.2. This comes after Coinbase CEO Brian Armstrong affirmed the exchange’s continued presence within the U.S., despite regulatory hurdles and increasing competition from other cryptocurrency exchanges. He said that the exchange will remain based in the U.S., while exploring potential opportunities in other jurisdictions.
Armstrong added that Coinbase will continue to prioritize compliance with government regulations and prioritize long-term success and sustainability over short-term profits. He also said that Coinbase is “working to bring digital assets to more people around the world” and that it “believes in the potential of digital assets to shape the future of global finance and commerce.” 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 Stock Fair Value
At GoodWhale, we’ve been monitoring COINBASE GLOBAL‘s financials closely. After analyzing income statements, balance sheets, and cash flow statements, our proprietary Valuation Line was able to calculate the intrinsic value of COINBASE GLOBAL’s share price at around $70.0. Currently COINBASE GLOBAL is trading at $58.1, making it a fair price that is slightly undervalued by 17.0%. If you’re looking for an investment opportunity, COINBASE GLOBAL may be a good option to consider. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($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 an American-based digital currency exchange that provides retail and institutional investors with access to a range of cryptocurrencies. Coinbase CEO Brian Armstrong has stated that the exchange will always maintain a presence in the United States, as it is one of the leading digital asset platforms in the country. Coinbase Global offers investors a variety of features and services, including trading and custodial services, merchant processing services, cryptocurrency wallets, and more. Investors can take advantage of a range of trading strategies, such as buying, selling, and transferring funds.
They can also benefit from features like margin trading and advanced order types. Coinbase Global also offers educational resources and tools for all types of investors, allowing them to make informed decisions about their investments.
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