Brian Armstrong’s Coinbase Grows Into The Largest US Crypto Exchange

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Brian Armstrong founded Coinbase ($NASDAQ:COIN) in 2012 with the goal of creating a safe and transparent way to trade cryptocurrencies. At that time, the cryptocurrency market was largely unregulated and often referred to as the “wild wild west.” Since then, Coinbase has grown into the largest crypto exchange in the United States. Coinbase is now one of the most well-known and trusted names in the cryptocurrency space.

The company offers a variety of services including a popular cryptocurrency exchange, wallet, and vault. Coinbase has also been working to bring cryptocurrencies mainstream by partnering with companies like Visa, Expedia, and Microsoft.

Share Price

So far, news coverage of Brian Armstrong’s Coinbase has been mostly negative. On Tuesday, COINBASE GLOBAL stock opened at $55.0 and closed at $55.5, up by 4.3% from the previous closing price of $53.2. Some analysts believe that the company’s recent success is due to the increasing institutional interest in cryptocurrencies. Coinbase has been able to capitalise on this trend and has grown to become the largest US crypto exchange.

However, others are sceptical about the company’s long-term prospects. They point to the volatile nature of the crypto market and the fact that Coinbase is yet to turn a profit. Only time will tell whether Coinbase can continue to thrive in this uncertain environment.

VI Analysis

Investors interested in companies with strong growth potential may want to consider COINBASE GLOBAL. The company has achieved moderate revenue or earnings growth and is classified as a ‘rhino’ company. COINBASE GLOBAL is strong in growth, profitability, and medium in asset.

However, the company is weak in dividend. COINBASE GLOBAL has an intermediate health score of 6/10 considering its cashflows and debt. This means that the company may be able to pay off debt and fund future operations.

VI 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

Investing in COINBASE GLOBAL can be a great way to get exposure to the growing cryptocurrency market. Coinbase is one of the largest and most well-known cryptocurrency exchanges in the world, and it has been growing rapidly in recent years. Investing in COINBASE GLOBAL could provide investors with good growth potential, as the company is well-positioned to benefit from the continued growth of the cryptocurrency market. Coinbase has a large user base and is one of the most trusted exchanges in the space. Additionally, Coinbase has been investing heavily in its infrastructure and has been expanding its offerings beyond just buying and selling cryptocurrencies.

However, it is important to note that the cryptocurrency market is highly volatile, and investments in COINBASE GLOBAL could lose value quickly. investors should only invest what they are willing to lose.