Forget About Bitcoin: Coinbase Is The Next Big Crypto Play

Stéphane Renevier

7 months ago9:55 mins

Forget About Bitcoin: Coinbase Is The Next Big Crypto Play

What’s going on here?

Hot on the heels of announcing soaring revenue last quarter, Coinbase – the largest cryptocurrency exchange in the US by trading volume – is set to begin offering shares publicly next Wednesday via a direct listing.

Some think Coinbase could be the hottest new stock of 2021: it’s a fast-growing and already highly profitable company exposed to an enormous market in a disruptive industry. But with a $100 billion valuation implying the firm is already worth as much as major investment bank Goldman Sachs, I thought it’d be worth assessing whether Coinbase shares really look like such a good buy.

LIMITED TIME OFFER

Get 7 days free access

Get the biggest finance news and in-depth insights from a world-class team of analysts.

Start Free Trial

Have an account? Log in

Understand The Biggest Finance News

Get the low-down of what’s happening in financial markets — in just 7 minutes a day

Get Free Trial
Finimize Daily Brief
Spot Investment Opportunities

Get insights that help you identify hidden trends and winning strategies

Get Free Trial
Finimize Premium Insights
Learn To Invest Like A Pro

With our library of 100’s of guides from ‘Investing like Ray Dalio’ to ‘Bill Ackman’

Get Free Trial
Finimize Browse Screen
Meet & Discuss With The Community

With the support of over 1 million Finimizers, you’ll never have to go it alone

Get Free Trial
Finimize Premium Chats
Go Premium and get the best of Finimize

Upgrade to Finimize Premium now and get unlimited access to the entire Finimize library.

Get Free Trial