Coinbase Global Intrinsic Value Calculation – Coinbase Set to Dominate Crypto Exchange Market By 2024
January 3, 2024
🌧️Trending News
Coinbase, one of the world’s leading crypto exchanges, is set to dominate the crypto exchange market by 2024. This is due to its impressive growth over the past few years and its recent listing on the Nasdaq. Coinbase has rapidly expanded its user base, becoming one of the accessible and reliable ways to buy, store and sell digital assets. Coinbase Global ($NASDAQ:COIN) is a publicly-traded company that operates a cryptocurrency exchange platform.
It also provides users with a range of tools to manage their digital assets including a custodial service, an asset management service, and an API for developers. Coinbase’s mission is to create an open financial system for the world and it is well on track to achieving this by becoming the top crypto exchange in the world by 2024.
Share Price
Coinbase Global, the leading U.S. crypto exchange, is set to reinforce its position as the market leader within the next four years. On Tuesday, Coinbase Global’s stock opened at $173.0 and closed at $156.9, representing a 9.8% drop from its prior closing price of 173.9.
However, even with the minor decline in stock price, Coinbase Global is still on track to reach its projected goal of dominating the crypto exchange market by 2024. While the company has experienced some growing pains as it navigates the regulatory and security concerns that come with operating in the crypto space, it has remained resilient. Coinbase Global is currently expanding its operations to include new products and services that will help it better serve both institutional and retail investors.
In addition, Coinbase Global is taking steps to ensure long-term success by forming strategic partnerships with companies like Visa and PayPal. These partnerships have allowed Coinbase Global to expand its reach and provide customers with additional payment options. These efforts have also helped Coinbase Global bolster its reputation as an industry leader. Overall, Coinbase Global’s strong fundamentals and proactive approach to industry development make it a strong favorite for capturing a large portion of the crypto exchange market by 2024. As it continues to evolve, Coinbase Global’s commitment to customer satisfaction and innovation is sure to attract more users and further cement its position as a market leader. 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 |
| 2.78k | -735.57 | -57.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coinbase Global. More…
| Operations | Investing | Financing |
| 182.7 | -111.24 | -3.37k |
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 |
| 127.31k | 121.38k | 24.75 |
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% | – | -25.0% |
| FCF Margin | ROE | ROA |
| 4.2% | -7.4% | -0.3% |
Analysis – Coinbase Global Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of COINBASE GLOBAL‘s wellbeing. Through our proprietary Valuation Line, we calculated that the intrinsic value of a COINBASE GLOBAL share is around $72.6. Currently, the stock is being traded for $156.9, which is overvalued by 116.0%. This indicates that COINBASE GLOBAL has great potential for growth in the future, as the market sentiment towards the stock has been positive. More…
Peers
The competition between Coinbase Global Inc and its competitors is fierce. Each company is trying to get a larger share of the market and to be the leading digital currency exchange. Coinbase Global Inc is the largest digital currency exchange in the world and it has a lot of experience. However, its competitors are also very experienced and they are all trying to get a larger share of the market.
– Riot Blockchain Inc ($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 (COIN) is a leading cryptocurrency exchange, offering users a secure platform to buy, sell, and store their digital assets. Analysts are divided on whether to invest in the company, with some citing its potential for growth and others pointing out that the stock has yet to show any consistent returns.
However, Coinbase’s innovative features, such as its staking platform and diversified user base, could make it a major player in the crypto space by 2024. Its commitment to security and compliance could also help it gain an edge over competitors. Investors should monitor Coinbase’s progress and consider how to best capitalize on its potential.
