Coinbase Global, Inc (NASDAQ: COIN) provides financial infrastructure and technology for the crypto economy in the United States and internationally. It offers the primary financial account in the crypto economy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.

Coinbase provides financial infrastructure and technology for the “crypto economy” in the United States, including operating one of the largest cryptocurrency exchanges in the world. Particularly after the 2022 collapse of rival exchange FTX, Coinbase remains one of the only “lit” markets – a market showing the bid and ask prices of participants – providing a regulated venue in the digital assets space for domestic participants. Though the regulatory environment is always uncertain, the willingness of Coinbase to engage with the regulatory community including the Securities and Exchange Commision gives it a measure of legitimacy in an industry that is admittedly still a bit rough around the edges.

Year-to-date returns: 195.5%

Number of Hedge Fund Holders: 27   

In conclusion, Coinbase is the best stock to buy and/or hold for the long-term crypto investors.