Coinbase, Exchanges

What Is the Expected Coinbase Stock Price?

The Coinbase stock price is expected to rise in the near future as the company continues to grow. Founded in 2012, Coinbase is a digital asset exchange company headquartered in San Francisco, California.

As of 2019, Coinbase had over 30 million customers and operated in over 100 countries.

In February 2020, Coinbase went public on the NAsdaq stock exchange at a reference price of $250 per share. On its first day of trading, the stock closed at $328.28, giving Coinbase a market capitalization of $85.8 billion.

As of May 2021, the stock price has risen to $429.54.

NOTE: Warning: Investing in Coinbase stock carries risks. Coinbase stock price can be volatile and can fluctuate significantly in a short period of time. It is important to do your own research and understand the risks before investing in Coinbase stock. Investing involves risk, including the possibility of losing your entire investment. Past performance is not an indication of future performance and any investment decision should be made with caution.

The company has seen immense growth in recent years as cryptocurrency becomes more mainstream. In 2017, Coinbase added Ethereum and Litecoin to its platform.

The following year, it added support for Bitcoin Cash. In 2019, Coinbase launched its own cryptocurrency, USDC, and also acquired the crypto custody firm Xapo for $55 million.

In 2020, Coinbase saw a surge in trading activity as Bitcoin reached an all-time high of over $19,000 per coin. The company also benefited from the passage of the Tax Cuts and Jobs Act, which lowered the corporate tax rate from 35% to 21%.

Looking forward, Coinbase is well positioned to continue its growth trajectory as cryptocurrency adoption increases globally. The company has strong fundamentals and a proven business model.

Additionally, Coinbase has a large user base and is expanding its product offerings. As such, we believe that the Coinbase stock price will continue to rise in the coming years.

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