COIN - Better Bitcoin Stock: Coinbase Global vs. Marathon Digital
2023-11-27 09:18:00 ET
Coinbase (NASDAQ: COIN) and Marathon Digital (NASDAQ: MARA) represent two very different ways to invest in the Bitcoin (CRYPTO: BTC) market. Coinbase is one of the world's largest cryptocurrency exchanges, and it facilitates trades of Bitcoin, Ether (CRYPTO: ETH) , Tether (CRYPTO: USDT) , and other crypto assets. Marathon is a Bitcoin miner that mines its own Bitcoin with a massive fleet of high-end application-specific integrated circuit (ASIC) miners.
Both stocks more than tripled this year as Bitcoin's price more than doubled. That rally was driven by stabilizing interest rates, potential approvals for exchange-traded funds (ETFs) pinned to Bitcoin's spot price, and its growing popularity as a safe haven asset. But should you invest in either of these Bitcoin-driven stocks right now?
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Better Bitcoin Stock: Coinbase Global vs. Marathon Digital