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

finviz dynamic chart for COIN

Company Overview

  • Market Cap: 43.685 Billion
  • PE Ratio: 474.50
  • EPS: 0.38

Coinbase runs one of the largest crypto exchanges in the U.S. In April 2021, it became the first pure-play crypto trading platform to go public on Wall Street. Coinbase makes money when people buy and sell a wide variety of digital assets on the platform. Previously deriving the bulk of revenue from transaction fees, today, Coinbase boasts a diversified revenue model with innovative crypto products catering to retail and institutional investors.

As Coinbase’s offerings have grown, so have its users. In the first quarter of 2018, there were around 23 million verified users on Coinbase’s platform. Today, that number has reached nearly 120 million, a 400% increase. Naturally, with more users, revenue has grown as well. In 2019, Coinbase generated around $533 million in revenue. Based on the most recent earnings report, total revenue for 2023 reached a whopping $3.1 billion, a nearly 500% increase in just four years and a compound annual growth rate of 168%. If Coinbase’s revenue continues to grow at its current compound annual growth rate of 168%, it could see revenue reach $90 billion by 2035. Therefore, Coinbase is the best crypto stock to buy for long term investment.

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