Coinbase (COIN)

Learn everything you need to know about Coinbase and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Nov 22, 2022
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About Coinbase

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What is Coinbase?

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Coinbase is a cryptocurrency exchange that was founded in 2012. It originally started as a hub to send and receive Bitcoin and has since grown into one of the world’s most popular exchanges. Like the crypto industry, Coinbase is a decentralised company with no headquarters and its 4900 employees work remotely.

Crypto trading is Coinbase’s main business and its exchange currently offers over 120 of the biggest coins. Its success is largely due to its platform’s design and useability, which makes it simple to transact, even for cryptocurrency novices. The company has over 100 million users from 100 countries and was the first crypto exchange to list on the stock market following its addition to the NASDAQ in 2021.

How does Coinbase make money?

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It makes money through transactions made on its exchange. More specifically, from the spread on crypto transactions. Spread is the difference between a coin’s buy and sell price and is essentially the ‘fee’ charged by Coinbase. It also charges transaction fees for using other services on its platform, including loans, debit cards, conversions, and commissions.

What is Coinbase’s best selling service?

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Transaction fees make up the biggest portion of Coinbase’s revenue. These fees are charged to users buying and selling crypto on its exchange. Around 87% of the business’s total revenue comes from individual users’ and institutions’ transactions. The remainder of Coinbase’s money is generated from subscriptions and other services like custodial wallets.

Who are the key executives at Coinbase?

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Coinbase’s co-founder, Brian Armstrong, is its CEO and has been since the company launched. In its short history, Coinbase has reduced the size of its workforce and there have been a few changes in its leadership team. Here is a list of the key executives at Coinbase.

  • Brian Armstrong. Chief Executive Officer
  • Emilie Choi. President and Chief Operating Officer
  • Surojit Chatterjee. Chief Product Officer
  • Alesia Haas. Chief Financial Officer
  • L.J. Brock. Chief People Officer
  • Paul Grewal. Chief Legal Officer
  • Manish Gupta. Executive Vice President of Engineering

Where can I buy shares in Coinbase?

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You can buy Coinbase stock on a stock trading platform. These platforms are extremely simple to use, but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Coinbase?

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The simplest way to invest in Coinbase is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to generally invest in the stock market rather than focus on one company.

Coinbase is part of the NASDAQ index, so you can invest in an ETF that tracks that index or choose a crypto ETF that lets you own a basket of related stocks from the same industry.

More about the COIN price

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What is the Coinbase stock price today?

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The COIN stock price today is currently $68.27, as of October 2022. The price of Coinbase is down 74% over the last year. You can use the live Coinbase stock chart to track the NASDAQ: COIN price in real-time above or compare the Coinbase value today to its past performance using the Coinbase financials tab at the top of this page.

What is the 52-week low for Coinbase stock?

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The 52-week low for Coinbase stock is $40.83. COIN stock is currently 64% above the 52-week low.

What is the 52-week high for Coinbase stock?

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The 52-week high for Coinbase stock is $368.90. COIN stock is currently 81% below the 52-week high.

What is the stock forecast for Coinbase?

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The average Coinbase stock forecast has a price target of $400 by the end of 2025. Coinbase’s financial results, the broader cryptocurrency market, and the amount of competition in the industry all influence these forecasts. The next Bitcoin halving event will occur in 2024, which some experts believe will positively affect the industry.

It’s best to take analyst forecasts with a grain of salt, but you can use their estimates to help you understand the weight of opinion about a stock. Read our latest Coinbase price forecast for more analysis and guidance.

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FAQs

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Latest Coinbase price analysis

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.