TipRanks
2022-02-21 15:28:07

Coinbase Stock: Recent Plunge Seems Overdone

Shares of cryptocurrency exchange Coinbase (COIN) have been back on the retreat as a part of a broader market sell-off still aimed at the tech sector. While cryptocurrency trading can fluctuate wildly, I think Coinbase should be viewed as more of just the owner of a trading platform. The company has a chance to really make a splash across a wide range of other blockchain technologies with its many satisfied customers. Undoubtedly, more investors and merchants are opening up to cryptocurrencies.

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