Is It Too Late to Buy Coinbase Global Stock?

Is It Too Late to Buy Coinbase Global Stock?
·4 min read

Coinbase Global (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, went public via a direct listing in April 2021. When Coinbase went public, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were hitting fresh all-time highs, and investors eagerly speculated in smaller "altcoins" like Dogecoin (CRYPTO: DOGE). The market's waning interest in cryptocurrencies was dire news for Coinbase, which generates most of its revenue from transaction fees.