BTC - 3 Things About Coinbase Global That Smart Investors Know
Coinbase (NASDAQ: COIN) , one of the world's largest cryptocurrency exchanges, went public through a direct listing last April. It closed at $328.28 on the first day. Coinbase initially dazzled the bulls as Bitcoin (CRYPTO: BTC) , Ether (CRYPTO: ETH) , and other cryptocurrencies surged to record highs.
But over the past year, the crypto market collapsed as rising interest rates drove investors toward more conservative investments. The failures of numerous smaller cryptocurrencies and exchanges further tarnished the fledgling industry's reputation, which spooked the bulls and incurred the wrath of financial regulators.
Now, Coinbase trades at about $40 per share.
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3 Things About Coinbase Global That Smart Investors Know