Why Coinbase Stock Is Climbing Again Today

Why Coinbase Stock Is Climbing Again Today
·2 min read

Shares of cryptocurrency exchange Coinbase Global (NASDAQ: COIN) hit an all-time high at more than $400 per share the first day the company was public. As my Motley Fool colleague Rick Munarriz so eloquently said, "Coinbase is a bet on crypto trading -- and not necessarily its ascent." In other words, Coinbase generates most of its highly profitable revenue from trading volume.

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