Coinbase (COIN) Stock Price Live

-7.68% (24 Hour)
$218.16

Coinbase Stock Price Chart

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Coinbase Stock Overview 

With its shares debuting at $381 on the Nasdaq stock exchange under the ticker symbol COIN in 2021, the US cryptocurrency exchange Coinbase became a publicly traded company. Coinbase is the first pure-play cryptocurrency trading company to list on a U.S. exchange, which represents a significant development in the world of cryptocurrencies.

Since its IPO, the share price of COIN has been trending downward, and cryptocurrency has recently taken a beating. Still, among bitcoin exchanges, Coinbase stands out.

What is Coinbase? 

Coinbase is an esteemed and illustrious cryptocurrency exchange founded in the year 2012 with the aim of trading Bitcoin. However, with time Coinbase exchange expanded to selling, buying, and trading over 200 cryptocurrencies and adding new tradable coins on a quotidian basis. 

The crypto trading platform now empowers more than 108 million seasoned and novice investors to earn by investing in cryptocurrencies, including BTC, ETH, LTC, DOGE, and so on. It is now operating in more than 100 countries, holding approximately $80 billion in assets. 

The Coinbase platform is preferred by beginners or novice investors, the new entrants in the cryptocurrency marketspace for straightforward buying and selling orders. Moreover, the company started moving more sophisticated Coinbase Pro accounts or the seasoned investors to a new and advanced platform named “Advanced Trading” in November 2022.

Significantly, 98% of customer assets are kept in offline cold storage which is a global network of safe deposit boxes, backed up both electronically and physically.

On its website, it employs security and encryption that meet bank standards. All accounts must also employ two-factor authentication, which helps prevent unauthorized users from accessing your account unless they physically access your phone.

What is unique about investing in Coinbase? 

The distinction of Coinbase stock is that the viability of your investment depends on the acceptance and volume of cryptocurrencies. Investors can gain exposure to the cryptocurrency industry through cryptocurrency stocks without making a direct investment in cryptocurrencies.

When you invest in a business, you are expressing your trust in the organization as a whole while also expressing your expectation that demand for its goods or services will increase. Do you think cryptocurrencies like Bitcoin, Ethereum, Litecoin and the hundreds of other altcoins that you can trade on Coinbase have a future or it is just a fad?

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Coinbase stock falls after SEC suit: Analyst says, 'Could be an opportunity to buy the stock'

Coinbase shares fell after the SEC sued the crypto exchange. However, Lisa Ellis, Senior Equity Analyst at MoffettNathanson (a division of SVB Securities), says it could present a buying opportunity for some investors. Ellis tells Yahoo Finance Live why the suit provides clarity for Coinbase and its investors. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

Frequently Asked Questions (FAQs)

1. Is Coinbase a buy or sell at present?

Coinbase has received an average rating of Hold. The average rating score of the company is 2.17, and is based on 9 buy ratings given by the analysts, 10 hold ratings, and 5 sell recommendations.

2. What is the highest stock price of Coinbase?

On November 9, 2021, the closing price of Coinbase Global stock reached an all-time high of USD 357.39. The 52-week high stock price for Coinbase is USD 206.79, which is 220.8% more than the current share price. The 52-week low stock price for Coinbase is USD 31.55, which is 51.1% less than the current share price.

3. Do Coinbase support futures?

Within the extensive ecosystem of Coinbase, Futures are not presently supported. You can still buy Futures in a variety of ways.

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