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Is Coinbase Stock worth Buying as the Bitcoin Surge Continues?

Is Coinbase Stock worth Buying as the Bitcoin Surge Continues?

Last updated 12th Apr 2022
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Earlier this year, Coinbase, the US-based cryptocurrency exchange went public and its shares started trading on the Nasdaq under the ticker symbol COIN.

The event marked a milestone for the cryptocurrency world as it was the first time a pure-crypto company was listed on a US stock exchange.

This means that COIN is now available to be publicly traded, and such you can buy or sell its shares as you would any other company’s stock.

You can buy COIN from our preferred partner below.

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The platform of choice for retail and institutional investors

For many crypto users, Coinbase is the go-to cryptocurrency exchange used for buying Bitcoin, Ethereum, and many other altcoins.

Coinbase receives billions of dollars worth of volume per day, meaning there’s more than enough liquidity for the average user to buy and sell their desired coins.

In fact, it was revealed that SpaceX and Tesla both used Coinbase to purchase large sums of Bitcoin, fully cementing the exchange’s reputation for being the go-to for individuals and institutions.

Facebook and Coinbase forge a crypto partnership

It was also revealed on Tuesday that Coinbase was selected to store Facebook’s cryptocurrencies for their recently announced digital wallet program called Novi.

For now, Novi will be a small pilot program in the US and Guatemala that will enable users to send and receive money abroad.

According to the statement, this process will be instant, secure, and free.

This has the potential to totally disrupt the remittance industry and so it’ll be interesting to see how popular the product will be in terms of adoption.

As always, time will tell.

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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.