Coinbase Global: America’s Crypto Exchange Giant

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Coinbase Global Intrinsic Value – Founded in 2012 by Brian Armstrong, Coinbase Global($NASDAQ:COIN) is the largest cryptocurrency exchange in the United States by volume and user base. In just three years, Coinbase Global grew revenues 26-fold from $533 million to $14 billion. The company is one of the most dominant players in the American crypto space and continues to grow at an alarming rate. Coinbase Global is often referred to as the “800-pound gorilla” in the industry due to its size and influence.

Earnings

Coinbase Global, America’s leading cryptocurrency exchange, has announced its earnings for the second quarter of its fiscal year 2022. The company reported a total revenue of 5.8 billion dollars, a net income loss of 0.3 billion dollars, and a year-over-year decrease in total revenue of 25.6%. However, despite the decrease in net income, Coinbase Global’s total revenue has still grown significantly, reaching 5.8 billion dollars in the last three years from 1.3 billion dollars. The company attributed the loss in net income to “unfavorable crypto-asset price movements” and increased spending on “operational investments.”

Share Price

COINBASE GLOBAL stock opened at $75.2 on Friday and closed at $74.0, down by 4.2% from previous closing price of 77.2.

VI Analysis – Coinbase Global Intrinsic Value

Coinbase Global, Inc is a digital currency exchange headquartered in San Francisco, California. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase allows users to buy, sell, and store digital currencies such as bitcoin, ethereum, and litecoin. The company also offers a suite of tools for merchants and developers to accept and use digital currencies. Coinbase was founded in 2012 with the mission to create an open financial system for the world.

Summary

Coinbase Global is one of the most popular and well-known cryptocurrency exchanges in the United States. Based in San Francisco, Coinbase allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Coinbase also offers a cryptocurrency wallet service. Coinbase went public on the Nasdaq stock exchange on April 14, 2021. Investors may be interested in Coinbase Global for several reasons. First, Coinbase is one of the most popular and user-friendly cryptocurrency exchanges available. Finally, Coinbase is one of the few cryptocurrency exchanges that is regulated by the U.S. Securities and Exchange Commission. However, there are also some risks to consider before investing in Coinbase Global. First, the cryptocurrency market is highly volatile, and prices can go up or down sharply over a short period of time. Second, Coinbase is a relatively new company, and it is still working to improve its profitability. Third, some investors are concerned that the U.S. government may crack down on cryptocurrency exchanges in the future.