We recently published a list of 7 Most Profitable Cryptocurrency Stocks To Invest In. In this article, we are going to take a look at where Coinbase Global
Coinbase Global, Inc. (NASDAQ:COIN) provides a trusted platform that facilitates people and institutions to engage with crypto assets. The company also offers critical infrastructure for onchain activity and supports builders. Coinbase’s mission is to enhance economic freedom in the world.
245,000 ecosystem partners in over 100 countries trust the company to save, earn, spend, and use crypto. Coinbase’s success in building a global platform can be attributed to five key strengths.
Coinbase’s second quarter marked the sixth consecutive quarter of positive adjusted EBITDA. Growth was witnessed across the board, primarily driven by stablecoin revenue and blockchain rewards revenue.
In conclusion, Coinbase Global, Inc. (NASDAQ:COIN) has the vision, technology, and people needed to truly power the crypto economy. The company successfully and securely stores over $90 billion in assets on the platform.
Overall, COIN ranks 1st on our list of most profitable cryptocurrency stocks to invest in. While we acknowledge the potential of COIN as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe.
If you are looking for a deeply undervalued AI stock that is more promising than COIN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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