Coinbase Global, Inc. (#COIN) Stock Price, Live Chart & Analysis | Trade #COIN

Coinbase Global, Inc. is an American company that provides services and products for storing and executing transactions with digital money. Coinbase is the biggest crypto exchange in the US and one of the largest in the world. The service has 98 million users and 13 thousand corporate clients in more than 100 countries.

Coinbase Global held an IPO in April 2021 at $381 per share. The company's shares are listed on the NASDAQ under the ticker #COIN. On the day of the IPO, the company's market capitalization exceeded $100 billion. In 2022, it dropped to $15.7 billion.

The listing of Coinbase Global on NASDAQ has become a landmark event for the entire crypto industry. This is a serious step towards the legalization and popularization of digital coins. The company actively cooperates with government regulators to acquire the status of a trustful financial institution. Coinbase Global has received licenses to provide money transfer services in the United States and to work with cryptocurrencies in the state of New York. In addition, the Coinbase exchange has a brokerage license.

Coinbase Global's share price is relatively low. In the first days of the IPO, the price fluctuated from $310 to $430, after which it consolidated at the range's lower border. A year later, in 2022, the #COIN price dropped to $70.

#COIN price movement is highly dependent on the exchange rate of Bitcoin and other cryptocurrencies. The collapse of the crypto market in May 2022 negatively impacted the value of the company's shares. The volatility of digital assets makes traditional investing very risky. CFD trading can be a better option for trading #COIN shares as it allows traders to profit from the exchange rate difference, regardless of the price movement.

To predict future price, traders need to study data that can affect the value of an asset. First of all, financial indicators. In 2020, the revenue of Coinbase Global was $ 1.2 billion; in 2021, it exceeded $7.8 billion. Profit has also grown from $108 million to $3.1 billion. The company has great prospects as the cryptocurrency market is developing and becoming more popular. Traders should also pay attention to news about upcoming Coinbase Global products and services.