COIN - Here's the Good News for Coinbase Stock That Nobody Is Talking About
2024-04-22 04:37:00 ET
Since its advent a little more than a decade ago, the cryptocurrency space has been volatile. Strong bull runs give way to what are known as "crypto winters." But the ice has undeniably melted in recent months, with the overall market cap of the cryptocurrency space surging to more than $2.3 trillion in 2024.
As a top exchange for trading cryptocurrencies, Coinbase Global (NASDAQ: COIN) has been an obvious beneficiary. Shares are up more than 200% in the past year, and up more than 500% since the start of 2023.
Investors are likely aware of its recent stock performance. But here's something investors might not know about Coinbase: Its second biggest business is booming right now. The reason they might not know is because it's happening quietly beneath the surface and nobody is talking about it. Here's what investors need to know.
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Here's the Good News for Coinbase Stock That Nobody Is Talking About