Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Coinbase has been operational since 2012 and served over 30 million customers last year alone. Does Coinbase pay a dividend?.
No, Coinbase does not pay a dividend. This is because Coinbase is a private company that doesn’t have to share its profits with shareholders like a publicly-traded company does.
That said, Coinbase has been profitable for several years now, so its shareholders are likely doing quite well without a dividend.
Investors who are looking for a dividend-paying stock might want to consider buying shares of a company that operates in the same space as Coinbase, such as CME Group (CME), which operates the world’s largest derivatives exchange. CME Group pays a dividend yield of 1.
6%, which is quite attractive given its size and market position.